what's Quai Network?
Quai Network is a scalable, programmable Proof-of-Work (PoW) Layer 1 blockchain designed to enable high-throughput transactions while maintaining decentralization and security. It introduces innovative mechanisms like Proof-of-Entropy-Minima (PoEM) consensus, which enhances PoW efficiency by achieving faster finality and supporting up to 50,000+ transactions per second (TPS) through dynamic sharding and merged mining across multiple chains. The network addresses traditional blockchain trilemma challenges by merging mining security from three interconnected chains, ensuring low fees under a penny and real-world scalability for decentralized applications (dApps), DeFi, and financial infrastructure. At its core, Quai Network features a dual-token system: $QUAI serves as the native utility token for governance, staking, and value transfer, with a hard-capped supply to promote deflationary economics over time. Complementing it is $QI, an energy-backed stablecoin that represents a decentralized unit of account tied to thermodynamic energy inputs via algorithmic difficulty adjustments, providing intrinsic value and stability without reliance on fiat collateral. Developed from research at the University of Texas since 2019, Quai aims to create a global monetary system rooted in cypherpunk principles, fostering independence from traditional banking through energy-based economics and privacy features like UTXO models for $QI transactions.
Quai Network implemented deflationary merge mining and surpassed Ethereum in daily chain revenue.
Implemented a merge mining model that uses revenue from other coins to market buy and burn QUAI tokens, creating a deflationary mechanism.
Surpassed Ethereum in daily chain revenue on or around 2026-01-11.
Scheduled an announcement for December 17, 2025.
Token shows strong market momentum with 26% daily gain, placing in multiple top performer lists.
Asset added to Kraken exchange listing roadmap, signaling upcoming tier-1 exchange presence.
Asset reaches top 3 most viewed cryptocurrencies on CoinGecko today alongside ETH and WIF.
Token price surges 3x from $0.04 to $0.123 with active dip buying activity.
Network shows strong adoption with 100K wallet installs and 9,600+ tips in first week, while miners commit $1M monthly to secure infrastructure despite operating at loss.
Token allocation worth $170 USD distributed with 24-month vesting period, tradeable on MEXC.
Core team hosts technical discussion on decentralized mining pools (dePools) April 21st at 11AM CS.
Technical network upgrade deployment confirmed for April 22
Kaito Airdrop claim portal launches next week.
Network launches new 'energy dollar' token $QI
Mainnet launch achieves 3.3M transactions and $100M trading volume in first week, with 150,000+ active miners and listings on Gate, MEXC, LBank, and Bitmart exchanges.
Mining operations launched April 16 following 6+ years of research and development.
5.5M QUAI airdrop concludes today for kaito leaderboard participants, with active network of 120k miners.
Snapshot deadline occurs today for 6M $QUAI token distribution campaign.
Airdrop distribution begins today for token holders.
120,000 active miners support network operations, with 5.5M token reward program deadline approaching tomorrow. Energy-backed stablecoin ties value to mining metrics.
$500K airdrop launched for Kaito users based on leaderboard rankings.
Yap rewards program deadline expires today.
Network snapshot taking place April 17.
Airdrop campaign closes in 24 hours.
Active snapshot period ends in 3 days; participation requires only posting activity.
Snapshot for 6M token reward distribution occurs in 3 days, with 2000 eligible participants and geometric distribution model favoring top performers.
Active token distribution campaign offers 6M tokens through engagement rewards program, ending April 17.
6M token airdrop announced: 5.5M for general Kaito leaderboard, 500K for project-specific leaderboard.
6M reward campaign with Kaito ends in 3 days.
Critical network upgrade v0.45.0 launches with new slip control and ledger features; non-backward compatible update required by April 15.
6 million token allocation to yappers scheduled for April 17 snapshot.
Claims 50,000 TPS capability while maintaining Proof-of-Work. Focused on making crypto mining accessible again.
NFT platform launch announced.
Airdrop claim available for previous participants.
Mentioned regarding pending 5000 QUAI airdrop distribution.
Energy-efficient mining network with over 50,000 TPS and 120,000+ global GPU miners.
Mainnet is operational with over 150,000 GPU miners, 3.3 million transactions, hundreds of consensus nodes. Launched native token QUAI via TGE in February 2025 with FDV exceeding $1 billion.
$QUAI fully live, reached Block 259,200 with full functionality unlocked.
Recently launched token reported to perform well within a few days. Bonding with Entangle through interoperable toolkit for cross-chain scalability.
Futures trading launched on Ourbit with up to 50x leverage, offering both cross and isolated margin trading.
Launched after 3 years of development. First decentralized energy dollar on PoW blockchain with 50K+ TPS. More exchange listings expected.
Token generation event (TGE) scheduled for February 19. Features proof of entropy minima (PoEM) and energy backed stablecoins.
TGE next week. Rewards Kaito Smart Followers with 5000 QUAI for having 1200 SF. Trading between $0.24-$0.99 pre-market. Limited to first 100 approved submissions.
TGE mentioned with airdrop for yappers who have smart followers and tweets about the project.
Distributed $10k airdrop to top Kaito yappers.
Recent airdrop for top Kaito yappers with 10,000 QUAI tokens distributed. Pre-market listing announced on Story Network.
GPU Mining launched.
GPU Mining launched on the network.
Mining now live on QuaiNetwork, suitable for gaming computers to mine.
Launching PoW blockchain with dual-token model, offering multiple mining options including solo, cloud, and pool mining.
Announces airdrop for KYC-verified users by January 31st. Tokens accessible on Orchard Testnet. Mainnet transactions and TGE expected around February 19th.
Public Mining Launch on February 5. Transactions going live on February 10.
Offering token airdrop for Kaito Inner Circle members with over 50 Smart Followers, with limit of 100 tokens. TGE scheduled for February 4th. KYC required to claim tokens.
Mainnet going live with TGE on February 4th, 2025. Node Wranglers start mining Feb 4th, Public Mining begins Feb 5th, Quai Transactions go live Feb 10th, Qi Transactions go live March 19th.
Genesis block launching next week (early February 2024). Positioned as the "last blockchain needed" with focus on PoW.
Airdrop of 6000 QUAI tokens for users with 400+ smart followers on Kaito. Project claims to be "the last blockchain you will ever need".
Changed token distribution from 2-year unlock to 100% at TGE based on community feedback. Partnered with Kaito, setting aside 6M $QUAI for contributors. Snapshot scheduled for April 17th.
Launching airdrop for users who participated in social media rewards in 2022 and those who used Quai Testnets.
Airdrop is live with KYC required. TGE scheduled for Feb 4th when Node Wranglers start mining. Offers bonus for X account holders with qualified posts.
Network mainnet launch scheduled for Wednesday.
Mentioned airdrop of 3K tokens. Functions as first AI agent to autonomously operate on PoW blockchain, managing nodes and smart contracts. TGE scheduled for January 29.
Mainnet launch Jan 29, TGE Feb 3. Rewards program: 500k Quai for content creators (top 100) and 5.5M Quai for general users (top 2000) over 90 days ending Apr 17. Backed by Polychain Capital.
New L1 launching mainnet Jan 29, 2025. Running testnet campaigns. Features novel PoW called PoEM (Proof-of-Entropy-Minima). Has two native tokens (Quai and Qi). Raised $15M from Polychain, Alumni, Zero1. Allocating 20bps of initial supply for yappers, worth $2M at $1B market cap.
6 million tokens assigned to Yappers. Top 2,000 Yappers will receive rewards until April 17th using geometric distribution model.
Snapshot to be taken on block 1,545,000 for wallet balances of $quai and $qi, locked mining rewards, and NFT holdings. Mainnet launch planned this month.
Described as biggest Mainnet Launch this month, partnering with Kaito. Network features first decentralized energy dollar and programmable Proof-of-Work blockchain.
Offering 10 QUAI each to 20 addresses. NFT minting ends January 15. Users need 20+ smart followers on platform to receive Quai Faucet.
Offering "GOLDEN AGE COMMEMORATIVE NFT" mint ending on January 15th, 2025. Requires 10 QUAI testnet tokens to mint.
Main net launching January 2025. Raised $15 million via VCs including Polychain & Alumni Ventures.
Raised ~$15M in funding rounds since 2022. Mainnet launching January 2025.
Testnet wrapping up with final tasks offering 40 QUAI per task, 150 QUAI total including 30 QUAI bonus. Raised $13M in funding. Tasks end January 7th.
Running NFT Week on incentivized testnet with 50,000 testnet QUAI rewards for standout projects.
Partnered with Symbiosis for cross-chain functionality, enabling swaps between Quai's PoW chain and Ethereum.