QChain, built on Avalanche L1, is an EVM-compatible Layer 1 blockchain designed for high-speed and scalable loyalty program operations. Here's how it powers the Quboid ecosystem:
Key Features of QChain
- Performance and Scalability
- QChain supports over 4,500 transactions per second with 2-second finality, ensuring fast and reliable performance akin to web2 applications.
- Its architecture allows it to scale independently of the Avalanche C Chain with a dedicated set of validators, maintaining optimal network performance.
- Gasless Transactions for Users
- To create a seamless user experience, QChain employs relayer contracts, funded and managed by participating brands using QBE tokens.
- This gasless approach eliminates transaction friction, making it easy for users to interact with the blockchain without worrying about gas fees.
- Proof of Stake (PoS) Consensus
- Validators stake QBE tokens to secure the network and process transactions.
- Future upgrades will allow brands to run validator nodes bundled with Quboid Studio (Loyalty CRM), operating in the background without additional overhead.
- Validator earnings in QBE tokens can be reinvested into relayer contracts or used for other Quboid services.
Chain Status
- Testnet Launch: April 2024
- Mainnet Launch: December 2024
QBE Token: Native Token of QChain
The QBE token serves as both the utility token for the Quboid product suite and the liquidity token for cross-brand interoperability within QChain.
Core Utilities of QBE
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Gas Token
QBE tokens are used to power on-chain activities, with gas fees calculated based on transaction complexity. At launch, QBE tokens will facilitate the following:
- NFT Management:
- Deploying NFT contracts
- Claiming, transferring, and redeeming NFT utilities
- Brand Token Operations:
- Deploying brand token contracts
- Transacting on the brand token DEX
- Mint, Burn and Transfer operations on brand tokens
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Liquidity Pool Staking
Community members and partners can stake QBE tokens in liquidity pools paired with brand tokens.
- Stakers earn rewards distributed from the Quboid Treasury, which receives inflationary QBE token inflows.
- This incentivized liquidity model strengthens token interoperability and network stability.
Ecosystem Synergy
QBE tokens bridge the loyalty ecosystem, offering seamless cross-brand interactions, incentivizing participation, and enhancing liquidity for loyalty tokens. By tying utility directly to loyalty program operations, QBE ensures both brands and users benefit from an interconnected and thriving network.
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Mainnet Explorer
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Studio**: The Ultimate Web3 Loyalty Orchestration Platform**
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