XT Exchange Lists QUBIC (QUBIC) Token in the Innovation Zone, Trading of QUBIC/USDT Pairs Now Available

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

Cryptocurrency exchange XT has announced the addition of QUBIC (Qubic) to its trading platform. The QUBIC/USDT trading pair is now available in the Innovation Zone, starting from 09:00 on 2024-06-18 (UTC).

The Qubic network is a layer-1 blockchain that utilizes the Quorum consensus protocol. It offers a maximum supply of 1 quadrillion coins, presenting ample opportunities for crypto enthusiasts.

The coin, also known as QUBIC, serves as a unique digital asset within the Qubic ecosystem. Unlike traditional cryptocurrencies, QUBIC Units, or QUs, are utilized as a metric for computational energy. This innovative approach transforms the concept of value and utility in the cryptocurrency realm.

Every QU plays a crucial role in the execution of smart contracts and the utilization of various services on the Qubic platform. This strategy elevates the coin beyond its financial value, positioning it as an integral component of the network's operational structure.

The generation and distribution of QUBIC coins are meticulously designed to promote efficiency and balance within the ecosystem. Each epoch spans seven days and generates a staggering one trillion QUs. These units are primarily distributed among the network's computers, with the most efficient ones receiving the majority.

To ensure optimal performance and discourage hoarding, a portion of the rewards for inefficient computers are burned. This process ensures that only the most capable participants can sustain their roles within the network.

A distinctive feature of the Qubic network is that transfers are free of charge, setting it apart from numerous other platforms. However, the execution of smart contracts incurs a commission, which is determined through a quorum vote by the Computors.

While the Computors receive a portion of the commissions, they do not retain them. Instead, the commissions are burned, contributing to the regulation of inflation and deflation within the ecosystem. This burn mechanism reinforces the concept of QUs as ‘energy' rather than currency, fostering a well-balanced and sustainable economic model for the platform.

Albin Warin, the CEO of XT, has played a pivotal 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.”

News source：https://www.kdj.com/cryptocurrencies-news/articles/xt-exchange-lists-qubic-qubic-token-innovation-zone-trading-qubicusdt-pairs.html

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