XT is excited to announce the addition of QUBIC (Qubic) to its trading platform. QUBIC/USDT trading pair is now available in the Innovation Zone, starting from 09:00 on 2024-06-18 (UTC).
QUBIC serves as the digital asset for Qubic, a cutting-edge layer-1 Quorum-based consensus protocol blockchain. With a maximum supply of 1 quadrillion coins, QUBIC offers ample opportunities for crypto enthusiasts.
The QUBIC coin, also known as QUBIC, is a groundbreaking innovation in the world of cryptocurrencies. In contrast to conventional digital currencies, QUBIC Units, or QUs, function as a metric for computational energy within the Qubic ecosystem, fundamentally transforming the notion of value and utility in the cryptocurrency realm. Every QU plays a crucial role in the execution of smart contracts and the utilization of different services on the Qubic platform. This innovative strategy elevates the coin beyond its financial value and positions it as a vital component of the network’s operational structure.
The generation and distribution of QUBIC coins are carefully crafted to promote efficiency and balance within the ecosystem. Each epoch spans seven days and generates a staggering one trillion QUs. These units are mainly distributed among the network’s computers, with the most efficient ones receiving the majority. Inefficient computers have some rewards burned, ensuring only the most capable participants sustain their roles.
Transfers within the Qubic network are free of charge, which distinguishes it from numerous other platforms. The execution of smart contracts, on the other hand, involves a commission that is determined through a quorum vote by Computors. The Computors do not keep the commissions but rather burn, which helps regulate inflation and deflation within the ecosystem. This burn mechanism strengthens the idea of QUs as ‘energy’ instead of currency, fostering a well-balanced and sustainable economic model for the platform.
Albin Warin, the CEO of XT, has played a crucial role in guiding the platform to become a leader in the digital asset marketplace. With a deep passion for fostering innovation and pushing the boundaries of blockchain technology, Warin has consistently championed the integration of cutting-edge projects.
On the listing of Qubic on XT, Warin remarked, “The inclusion of QUBIC coins on our exchange marks a significant step forward in our commitment to supporting transformative Web3 projects. Qubic’s unique approach to combining distributed ledger technology with AI-driven computation is truly groundbreaking, and we are excited to provide our users access to such a pioneering digital asset.”
