QuarkChain is the blockchain network developed as envisaged infrastructural level. It has a high throughput network incorporating novel sharding based blockchain architecture with an aim to meet the global commercial standards for supporting a variety of applications. This network is included with tools for the entire blockchain community and developers that have been designed and built for the applications within the ecosystem. It is basically a computerized consensus protocol for public transaction ledger generated system. It has a token system like every other blockchain organization and it is known as QKC.
Token Economics
QuarkChain deploys with the cryptographic security utility token for the QuarkChain Network to be in the ecosystem along with the major components. It has been designed solely to as the primary tokens on the network. QKC tokens will be required for initial issuance of the Distributor is ERC 20 and the standard compliant for digital tokens on the Ethereum blockchain. These can be migrated with the tokens on the blockchain of the QuarkChain Network as soon as the tokens launch eventually. The actual goal for QuarkChain Network is to solve the scalability problems of the current blockchain based systems.
Properties
QKC tokens have some properties that make the system different from the other organizations. Basically, QKC is functional utility token that works by non-refundable policy. This can be used as the unit of exchange among participants on the QuarkChain Network. It has settled a goal for introducing QKC provided as a convenient and secure mode of payment and settlement. This settlement needs to done through the participants that interact within the ecosystem of QuarkChain Network. QKC tokes a hold as any shareholding, participation, right, title or interest into the Foundation to its affiliates or any other company, enterprise or undertaking. This will not have any QKC entitles token holders that may require any promise of the fee, dividends, revenues, profits or any other investment returns nor does it have any such intention to constitute the securities for any relevant jurisdiction. This can be utilized into the network for the ownership of QKC without any rights, express or implied other than the rights to use that means this will enable the usage of the interaction within the QuarkChain Network.
Usage
The key application of QuarkChain is focused on the financial technological areas and gaming industries. In these scenarios, the QKC tokens will be playing some important roles as the medium of exchange for the QuarkChain Network along with some other areas of applying the tokens QKC.
Attributes
QuarkChain token QKC has some attributes that make the token usage flexible. The attributes are:
Value Carrier: It is the value essence of virtual currency and also the core attribute for QKC.
Transaction Currency: It is like the fuel of the QKC token uses some certain design providing the economic incentive for the consumption for encouraging the participation for the contribution. This helps to maintain the ecosystem and the computational resources to run a number of applications and execution of transactions.
Contribution Incentives: QKC will be distributing the incentives to the community for making continuous contributions towards the system. Being a peer-to-peer system this will produce the positive feedback for promoting the continuous development of the system.
The QKC token is the fundamental and vital element of the QuarkChain Network. The users will be unable to transmit the incentives without any participation of activities for providing the services for the benefits of the entire ecosystem on the QuarkChain Network
Website https://www.quarkchain.io/
Twitter https://twitter.com/Quark_Chain
Telegram https://t.me/QuarkChain_News
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