QuarkChain Mainnet V1.0 “Singularity” Official Live


Talk About the Beginning Form of QuarkChain’s Blockchain Universe

Dear respected QuarkChain supporters, fans, and followers,

It was only a year since QuarkChain was founded. For a traditional industry, one year was very short. But for the industry of blockchain which has been through so many ups and downs, it seems being several years compared to other industries. During the past year, numerous “hot spots/projects” have emerged in the whole industry. However, the real pearls are mercilessly buried in the faked information, which makes people unable to grasp the key points. Many projects also got lost due to blindly following, and deviated from their original goals. QuarkChain is persistent in seeking the nature of blockchain in confusion, choosing to be a real shiner and achieving broader compatibility at the bottom layer. On April 30th, we are officially introducing QuarkChain’s mainnet V1.0 “Singularity”. From now on, in the vastness of the blockchain universe, Singularity will be the beginning of a new future.

A real platform system should be more efficient and compatible with more functions. With the addition of new features, the whole system will benefit and reach a consensus with a broader range of people. Moreover, it should have higher scalability so that when it is applied, it can continue expanding and accommodate newly developed techniques. At present, there is no such platform in the whole industry. QuarkChain develops a set of solutions based on insights and reflections which affect the evolution of the industry.

Now let’s formally introduce QuarkChain mainnet v1.0 Singularity’s design concept, technical configurations, ecosystem, and future plans.

QuarkChain Mainnet V1.0 “Singularity” Function Overview

A Better Solution of Blockchain Trilemma

For public chain, there exists a blockchain trilemma problem: it is very difficult to design a blockchain system which can satisfy decentralization, security, and scalability at the same time. Especially, the scalability problem is one of the most difficult parts in the development of blockchain technology. Many projects provided their own solutions, and state sharding is the most efficient and difficult solution to achieve.

QuarkChain uses state sharding technology and a system structure of root chain-shards which can compatible with various consensus mechanisms. On the basis of high throughput, more than 51% hash power will be protected by root-chain, and compatible with decentralized PoW, PoS, and other consensus mechanisms. It puts forward an excellent solution to blockchain trilemma, which is an important contribution to the future development of the industry.


Accomplishing the Real “Flexibility”

The essence of blockchain technology comes from the arrangement and combination of the following four components：

Consensus (POW, POS, DPOS, PBFT)
Transaction model (BTC transaction model, different virtual machine, privacy transaction model)
Ledger model (UTXO, Account model)
Token economics
Boson consensus, exclusively developed by QuarkChain, enables every shard to have different consensus algorithms, ledger models, transaction models, and token economics. Relying on the high-performance cross-shard transactions, all assets on the shards can be interoperable. Thus, the blockchain world is provided with unified and efficient operation ways, and there are possibilities of massive adoption.

Because of the compatibility of multiple consensuses, miners do not need to make either-or choices. With the development of the blockchain industry, the mining community has been splitting up and consensuses also have been diluted. QuarkChain, through the flexible application of sharding technology, is able to accommodate the differences between different consensus mechanisms, ledger models, transaction models and token economics implemented on different shards, and to rely on QuarkChain network to achieve mutual circulation. Existing PoW miners can easily join the network and coexist with the PoS mechanisms, which can free the community from the split.

Achieving the Real “Interoperability”

The multi-native token mechanism is another innovation of QuarkChain. The tokens generated on QuarkChain are not like contract tokens such as ERC20 and TRC20, but have all the functions of a native token. The core is that the ledger model can directly support multiple native tokens.

Depending on QuarkChain’s flexible customization of four dimensions and multi-native token function, the existing blockchain can even split and become one of the shards on QuarkChain. By using multi-native tokens and cross-shard transactions, tokens can flow among different shards. The tokens circulating to different shards will have the function and form of shards, which brings the more extreme interoperability. Through compatibility and circulation, it is equivalent that the whole network has the functions of the new shards. In this way, by adding functional shards, new functions can be realized for the whole network, without considering the risk of forks caused by the functional upgrade.

For example, assuming that a shard of QuarkChain implements the function of privacy token (just modifying the transaction model), users can easily put QKC or other native tokens on the shard of privacy token, and then directly do privacy transactions. All processes are decentralized. When completing the transaction, move the token to other shards. This is equivalent to QuarkChain supporting this feature from the beginning.

Realizing the Real “Network Effect”

Users at the application level, such as industry/commerce, can also flexibly customize the shards to meet their needs by choosing the four elements mentioned above. For example, DEX needs to store order information in the ledger, while other DApp games need faster confirmation time and thus DPoS consensus will be favored. QuarkChain can also meet such needs by customizing shards. More industries, more users and more functions will enable the whole network to provide more and better services.

Bringing the Real “Future Friendly”

Blockchain technology is evolving rapidly. Taking the consensus mechanism as an example, the earliest PoW mechanism was prevalent, while the emerging DPoS mechanism attracted more attention in 2018. Now it turns to PoS mechanism. No one can predict what technology will become the mainstream in the future, and once a new mechanism or technology becomes the mainstream, to achieve it in the fastest and best way will get more support. Infrastructure should not only meet the current needs but also should face the future and meet the development needs for the next 5 to 10 years. QuarkChain relies on its flexible mechanism. When a new technology (whether a new consensus or a virtual machine) emerges, QuarkChain will always be able to adapt to these changes.

Technical indicators for V1.0
QuarkChain launched six versions of the testnet (testnet 2.0–2.6) and released 13 small versions after continuous improvements. A total of 1382 commits and 281 unit tests were conducted to ensure code security. Through strict code reviews, code audits by five authoritative security auditing companies (NCC, SlowMist, Chaitin, John Wick Security Lab, Knowsec) at home and abroad were conducted. Consensus security, P2P security, RPC security, encryption and signature security of open source code were all audited. A total of 29 security vulnerabilities were identified. All security vulnerabilities have now been repaired, and online submission was finally completed.

Github Link：
https://github.com/QuarkChain/pyquarkchain/releases

QuarkChain V1.0 “Singularity” configurations are as follows:


Mainnet Token Swap Support：

Support token swap in crypto wallet and exchange. We expect to start mainnet token swap after the mainnet runs stable for at least three months. Due to the working progress of the exchange and the hashpower of mainnet, the schedule may be changed.

QuarkChain Ecosystem
In addition to the improvement of QuarkChain’s own functions, relying on the efforts of expanding partners over the past year, there are now quite completed supporting facilities and partners to support QuarkChain mainnet.

Ecosystem Support


Crypto Wallet

qPocket is QuarkChain’s official wallet, which supports a variety of asset management. It now supports QKC, ETH, TRON, ERC20, and TRC20 tokens. qPocket will support more types of assets in the future, and it has cooperated and accessed with a large number of DApps including game DApps. qPocket is committed to becoming a new generation of DApp traffic entrance.


In addition, QuarkChain has worked closely with top wallet products in the industry. While Cobo wallet and Math wallet is involved in the Guardian Plan, they will also support the management of (mainnet coin) QKC in the future.

DApp

At present, a large number of applications are working closely with QuarkChain, and the development based on QuarkChain is about to start. The types of applications are complete. QuarkChain’s DApp ecosystem has begun to take shape, with productive ecosystems, evolving towards integrity and maturity.

In the field of games, QuarkChain has signed a willingness to cooperate with a large number of game applications. A large number of users have begun to develop games based on QuarkChain, including chess and cards, virtual asset collection and so on.

Ecosystem Fund

QuarkChain established a 50 million USD open-ended fund named QEF (QuarkChain Eco-Fund), and it is used for investing and supporting potential blockchain projects in primary or secondary markets.

Protocol Tool Class

The application layer of the public chain needs the support of complete Layer 2 protocols and tools, which are complete in the QuarkChain ecosystem. Cross-chain protocols, oracle machine, encryption protocols, and arbitration protocols all have corresponding products.

Decentralized Exchanges

The complete public chain cannot be separated from the support of exchanges. QuarkChain’s ecosystem includes more than three worked-well decentralized exchanges.

Social Content Platform

Protecting the copyright of content creators and realizing their value is one of the foreseeable core values of the blockchain. A large number of related applications have been confirmed to migrate to the QuarkChain mainnet, including social media, Live gift delivery platform, blog platform and so on.

Decentralized Trading Platform

The use of token circulation for payment is one of the ways that blockchain technology empowers the economy. QuarkChain’s ecosystem includes applications such as food purchase, hotel reservation, and so on.

Enterprise Solutions
QuarkChain mainnet will propose characteristic solutions for different needs of enterprises. It has already landed in the following areas. In the future, more functions and customized shards will be connected to the mainnet. (Due to confidentiality agreements, only service areas will be introduced, and specific cooperation information will be released at the appropriate time in the future.)


BlockChain Platform

QuarkChain has signed a cooperation agreement to establish a national-level blockchain platform infrastructure for a temporarily confidential customer. This infrastructure will significantly enhance the efficiency of the business for application which has massive customers, and QuarkChain will be responsible for the long-term maintenance and iteration of this platform.

Opening Financial Technology Facilities

The difference between open financial technology facilities and decentralized financial technology facilities is that the former will be well compatible with the current technological evolution path of Fintech. QuarkChain-based financial technology facilities will be stable in value capture and storage. Financial derivatives, lending, high-frequency payment, micro-payment, encrypted trusteeship, decentralized transactions, KYC, identity, insurance, investment, forecasting market, quantitative trading, securities, bonds, factoring, and other aspects are forming a wide range of cooperation and application landing cases.

Supply-chain Finance

Blockchain is a fusion technology in many fields, such as point-to-point communication, digital encryption, distributed ledger, multi-party collaborative consensus algorithm, etc. It has the characteristics of non-tampering and data traceability and it is very suitable for the supply chain‘s financial business scenarios that multi-party can participate in. QuarkChain has signed cooperation agreements with famous chemical e-commerce platforms and e-commerce logistics factoring companies.

Logistics

The global logistics industry will continue to develop rapidly in the next five years, but its cumbersome process, price manipulation, complex and inefficient goods tracking and high risks of material loss and theft hinder its further development. To solve these problems, QuarkChain uses blockchain technology to provide solutions for the logistics industry: verifying business authenticity among multiple nodes in the chain; splitting transportation cost into terminals, transparent cost, promoting exceptional management and reducing logistics costs; obtaining first-hand data through the Internet technology to improve the authenticity of data on the chain; multi-node co-maintenance to improve business flow rate.

Tracing to the Source

Blockchain technology is applied to store data in the traceability system. Because of its inherent characteristics, it is difficult to delete and change the stored data. It provides a new trust mechanism that differs from the centralized data storage in the original traceability system, thus greatly improving the credibility of the traceability system. QuarkChain has signed partnerships with a high-end tea company and a well-known beef importer company.

Digital Certificate

Data/electronic credentials face problems such as possible falsification and difficulty in self-identification. A consensus storage system for data/electronic credentials is established through blockchain. Based on multi-level encryption and multi-dimensional privilege control technology, data/electronic credentials can be safely saved. A new ecosystem of distributed storage of digital credentials with high digitalization and strong reliability will achieve. QuarkChain has reached a preliminary cooperation intention with a well-known laboratory.

Big Data

In the era of big data, the huge amount of data that has been reserved is like a gold mine waiting to be excavated. But the existing tools fell behind to deal with massive data. It mainly embodies in three aspects: data reliability, data transaction, and data functionalization. Blockchain has natural advantages in data validation, credit enhancement, and data transaction through smart contracts, but there is no blockchain which can carry a large amount of data at present. (ETH, which is recognized as blockchain 2.0, currently only stores 2.2TB of data) QuarkChain relies on years of experience in the field of scalability to build a blockchain infrastructure for mass data storage (up to 5PB, and can continue to expand as needed) to solve the problem of data uplinking. A blockchain with the ability to store massive data will provide credit support, trusted storage and authenticating services for the data industry all over the world. It will become an authoritative global library in the field of data specialty. Once taking this spot, it will have the first-mover advantage of the big data industry.

Roadmap after Singularity
The mainnet launching is only the first step. After the completion of the mainnet launching, QuarkChain team will turn to the “first driving force” stage to further improve the mainnet functions, add more shards functions, and construct DApp ecosystem.


Mainnet improvement

After the mainnet launch, the team will first carry out the exchange support docking work, and begin to enhance the supports for more smart contracts.

Adding Shards

According to the design, in the future, each shard in QuarkChain can be compatible with various smart contracts and consensus mechanisms, whether EVM, NeoVM, WASM, PoW, PoS, DPoS, etc, can be found in the existing ones. With this design, any DApp can be transferred to QuarkChain 100% smoothly. At the same time, on the shard, each DApp can create its own native token, which directly supports payment and Gas on the chain.

Adding DPoS Shards

QuarkChain will add DPoS shards after the mainnet launch, which greatly shortens the block confirmation time, reduces the delays of all interactions and confirmations, and enables users to have a better quality of experience (QoE).

In addition, in order to enable QuarkChain to provide better support for DApp and transform the powerful DApp ecosystem, a more friendly consensus, virtual machine and token economics model for DApp will be developed.

Adding Privacy Shard

The use of private token protects users’ privacy and security. In most cases, the process of using a private token is to open an account, buy token, send the transaction to the privacy chain, complete the transaction with the private token, and then return the token that completed transaction back to the original chain. This process is more complicated. QuarkChain will give priority to add privacy shards, simplify the using process of privacy tokens, and directly invoke smart contracts on the shards of QuarkChain.

Although compared with the destined brilliance of the future, the present praise is still excessive, and the current achievements are still insignificant. However, we still want to commemorate the progress we had made many times in the past year, breaking waves in the storm of the industry. “Singularity” has come down, and with the support of communities, partners and developers, it gradually pressurized and warmed up, the big bang of the future blockchain universe will come at any time.

Appendix:
QuarkChain’s Boson Consensus:https://medium.com/quarkchain-official/quarkchain-explained-part-4-sharding-in-quarkchain-consensus-8032704319bd
Supporting Multi-Native-Tokens in a Single Blockchain: https://medium.com/quarkchain-official/supporting-multi-native-tokens-in-a-single-blockchain-686fc65f5931
Proof of Staked Work — A Simple PoW/PoS Hybrid Consensus:https://medium.com/quarkchain-official/proof-of-staked-work-ef36f9499279
Order-Statistics-Based Hash Algorithm：https://medium.com/quarkchain-official/order-statistics-based-hash-algorithm-e40f108563c4
Website
https://www.quarkchain.io
Discord
discord.me/quarkchain
Telegram
https://t.me/quarkchainio
Twitter
https://twitter.com/Quark_Chain
Medium
https://medium.com/quarkchain-official
Reddit
https://www.reddit.com/r/quarkchainio/
Facebook
https://www.facebook.com/quarkchainofficial/

QuarkChain Official
Countdown to QuarkChain Mainnet Singularity V1.0: A New Era Of The Next Generation of Blockchain Universe

QuarkChain Mainnet Launch

After around one year’s constant design, development, and test, the QuarkChain Mainnet Singularity V1.0 will be officially launched on April 30, 2019 (UTC+0800). Mainnet Singularity will finish what Ethereum 2.0 plans to achieve ahead of time and will be the world’s first blockchain project that fully implemented state sharding technology.

The launch of Mainnet 1.0 marks a brand new start for QuarkChain. A shining blockchain world will open here. QuarkChain’s solid technical features will demonstrate in this mainnet. Developers and users from the community are able to blend in QuarkChain’s ecosystem universe. QuarkChain will be one of the first public chains which successfully implements high throughput sharding functions in the world. In addition, QuarkChain so far is the only public chain looking into supporting various consensus algorithms, multiple virtual machines, and multi-native tokens. These features enhance the scalability while ensuring security and decentralization. Compared with the existing one, QuarkChain network is going to be more efficient, user-friendly, and suitable for the future blockchain world where massive adoptions, frequent transactions, efficient certification, and even vertical and personalized needs are required. State sharding technology is applied to greatly increase the capacity and also enhance the adaptability to various application cases.

Since hash power is limited at the early stage of QuarkChain Mainnet, “Guardian Plan” will be launched to protect all community members’ interest and guarantee the security of Mainnet with enough hash power. QuarkChain is relying on “Guardian Plan” to provide hash power protection for Mainnet Singularity. Mining rewards will be distributed to the “Guardian Plan” participants. Please follow us to learn about further details of this plan.


Mainnet Singularity V1.0 Live Time

April 30, 2019 UTC+0800 TIME

The mainnet development will be accomplished on the product roadmap at the end of March. In order to guarantee the security of the mainnet and the Guardian Plan which will be providing sufficient hash power for QuarkChain network, we plan to reserve one month to push on further development-related work.


Mainnet Features

Main Features of Mainnet Singularity v1.0

QuarkChain mainnet development started after debuting listing of QKC on Binance at June. Mainnet 1.0 remains the shortest development duration among the same type of public chains. QuarkChain not only fulfills the promised functions in the whitepaper but also adds some new features to Mainnet 1.0, such as highly efficient PoSW consensus algorithm which enables QuarkChain network to be more decentralized, scalable, and flexible.



State Sharding Support

The launch of QuarkChain Mainnet V1.0 marks the implementation of state sharding, which is the most challenging and valuable among all sharding technologies. State sharding means the different ledger state can be stored on different shards. Full data on the whole network is available on the entire cluster. The QuarkChain mainnet maintains high efficiency by enabling more storage space and computing resources to be saved in each node on shards. Developers, users, and miners will be blended in a more flexible and scalable QuarkChain network.

Boson Consensus and Hashpower Reuse Technique

Boson consensus is exclusively proposed by QuarkChain. It is not a single consensus algorithm, but rather a class of consensus algorithms. Simply speaking, Boson consensus can independently set different consensus and payback algorithms on different shards. A single blockchain is able to support various consensus algorithms. Afterward, a hash power adjustment mechanism is set up, which allows the hash power to be flexibly distributed among the shards. The hashpower reuse technique protects the newly added shards by the hash power of the root chain immediately, achieving the higher scalability of the whole system without sacrificing the security and decentralization.



Efficient and Secure Cross-Shard Transactions

QuarkChain network relies on its unique, highly efficient, and secured cross-shard transactions. QuarkChain technically guarantees atomicity of cross-shard transactions. That means a secure cross-shard transaction will be executed completely without accidental asset loss. More importantly, the security of all cross-shard transactions will be guaranteed by the root chain with Boson consensus algorithm, which enables the cross-shard transactions to enjoy the same security level as transactions among shards. In addition, with the increase of the number of the shards, the throughput of QuarkChain will rise as well. To prevent the transactions from concentrating in one shard (hot-shard), dynamical gas marketplace adjustment mechanisms are applied. This successfully solves the hot-shard issue in blockchains.


Multi-Native-Tokens Support

The existing mainstream blockchain systems fail to support multi-tokens ecosystem. To solve this, QuarkChain implements multi-native-tokens structure. Any user is able to create native tokens as long as the user pays sufficient gas represented by existing native tokens. A user could use a single-step payment to transfer any native token and complete the rest of transactions (services) atomically, without the occurrence of a situation similar to “paying ETH as a GAS fee for ERC 20 transaction.” This more efficient and flexible design concept has been highly recognized by many QuarkChain ecosystem partners and DApp developers.

Token Economics

QuarkChain’s total token supply will remain fixed 10 Billion. The circulation supply of mining rewards is nearly 246 million QKC in the first year of mainnet launched. There will be a decrease in output every year. The annual output will be only 88% of the previous year. 8 shards are available after the mainnet launched and one shard is allowed to be dynamically added each year.

According to the mainnet design, the average duration of a block on each shard is 10s and 60s on root chain. Initial ledger rewards on shards equal basic rewards (3.25 QKC) plus GAS fee paid for the transactions. The GAS fee calculation is very similar to that of Ethereum. QuarkChain’s implementation of state sharding solution enables its network to be congestion free and GAS fee is also free from a sharp increase. The multi-native tokens support allows the payment of GAS fee to be more flexible.

Initial ledger rewards on root chain equal basic rewards (156 QKC) plus the number of sharded block headers. For example, if a root chain block contains 48 sharded block headers, that is, each shard has an average of 6 headers. The ledger rewards on this root chain block should be 156 + 3.25 * 48 = 312 QKC, of which 3.25 is the basic rewards offered on each shard. The illustration of the token economics model above could greatly motivate root chain miners to mine as many sharded block headers as possible. (There is an upper limit to the number of sharded block headers.)


Consensus Mechanism and Guardian Plan

Mainnet 1.0 applies a simple hybrid PoW/PoS — proof of staked work (PoSW) which is exclusively developed by QuarkChain.

Simply speaking, PoSW combines the two main features of PoW and PoS, incentivizing miners by staking. The higher percent of all hash power of the network, the more stakes will be needed to mine.

QuarkChain Mainnet 1.0 supports sharding blockchains and a root blockchain. At the early stage of Mainnet 1.0, to protect the root chain from hash power attach, a simplified version of PoSW will be applied, i.e. the Guardian Plan. At this stage, the root chain hash power will be completely carried out by guardians. When Mainnet 1.0 runs stably, the consensus algorithm at the root chain will gradually transition to PoSW.

Guardian Plan is designed only for the root chain. Mining difficulty on each shard is completely determined by the hash power. Mining rewards obtained from guardian nodes will all be used for QuarkChain ecosystem and community construction. Users are able to earn rewards by applying to participate in the Guardian Plan or voting. Articles regarding the Guardian Plan and the distribution of rewards will be published soon.


Mining Algorithms

Two different types of mining algorithms adopted by QuarkChain are given as follows:


QKChash

To solve the problem of high-performance ASIC being concentrated in a few, after extensive research, QuarkChain founder Dr. Qi Zhou has developed a mining algorithm — QKChash, which makes the mining efficiency of CPU is close to ASIC miners. This ensures the security of Boston consensus and encourages the mining decentralization.


Ethash

Ethash is the PoW mining algorithm for Ethereum.


Mainnet Token Swap

We expect to start mainnet token swap after the mainnet runs stably for at least three months. Please pay close attention to the official announcement. Do not trust incorrect information released by any third party, and be careful of fraud. The mainnet token swap will be carried out in qPocket. We are working very closely with crypto exchanges for mainnet token swap.

The launch of Singularity marks a new starting point for QuarkChain and opens the future blockchain universe. QuarkChain team will never stop to move forward alongside the roadmap and focus on the multiple areas in the blockchain ecosystem. We will be working with supporters from the global community to make a more efficient and flexible blockchain system. Although a Quark remains tiny, it has been existing since the beginning of the universe. After a long term of evolution, many dazzling things have been generated. We hope that the future blockchain world would be shining in the real world via the mainnet launch and our unremitting efforts.

How Many Rewards Can A Voter Earn for the QuarkChain Guardian Plan?


It has been three weeks after QuarkChain Guardian Plan was announced. The amount of staked QKC has exceeded 50 million! Voting for Elf Guardians is still ongoing! However, It should be noted that approximately 18 million QKC are only staked without voting. Since a large part of the revenue will come from the rebate rewards from Elf Guardians, those who only stake without voting may suffer a heavy loss.

On the other hand, the question “how much QKC can I get after voting? “ was frequently asked in the community. Thus, we offer a detailed calculation method so that everyone is able to estimate how much QKC a voter is expected to receive. Welcome to participate in voting and staking! Just for kind remind: in order to earn more rewards, please remember to vote for Elf Guardians after staking QKC, otherwise, you will suffer a great loss.

Up to April 16, 12 candidates with more than 1 million votes have been elected as the Elf Guardians. Congratulations!


Total votes of Diamond Guardians (ranks 1–3) are given as follows:

4,919,733 + 4,336,351 + 4,046,869 = 13,302,953

Total votes of Platinum Guardians (ranks 4–10) are given as follows:

3,040,453 + 1,672,969 + 1,263,583 + 1,023,152 + 1,016,440 + 1,003,784 = 10,043,867.

Rewards pool (Year) for Diamond and Platinum Guardians are both 8 million QKC. The rewards of the Elf Guardians for Term I will be doubled! Therefore, the actual rewards pool for either Diamond or Platinum Guardians within one term (2 months) are:

8,000,000/6*2 = 2,666,667.

We take the first place (ABC Blockchain Community) and the fourth place (QKCMOON) as examples. They promise to rebate 80% of their total revenue to voters, then total rebate rewards for all voters are:

Total rebate rewards for all voters from ABC Blockchain Community:

4,919,733 / 13,302,953 * 2,666,667 * 80% = 788,955 QKC
The average revenue shared on one vote for ABC Blockchain Community:
788,955 / 4,919,733 = 0.16

Total rebate rewards for all voters from QKCMOON:
3,040,453 / 10,043,867 * 2,666,667 * 80% = 645,797 QKC

The average revenue shared on one vote for QKCMOON:
645,797 / 3,040,453 = 0.21

We can see from the above examples that ABC Blockchain Community is leading the race with the most votes. However, the average revenue shared on one vote is decreasing. Although QKCMOON ranks fourth place, each vote can be distributed with more rewards since they obtained relatively fewer total votes. Therefore, if one wants to earn more rewards, on one hand, vote for the candidates you trust most, and on the other hand, allocate your votes reasonably.

High rewards for voters! Do remember to stake and vote! The event is still ongoing and competition is fierce. Join now for early bird rewards!

For more information and details on how you can Stake, Vote for Elf Guardian or Guardian Plan, please kindly join QuarkChain telegram, twitter or other social platforms.

Notice: All the formulas for rewards and examples mentioned above are only for demonstration purposes. The actual revenue will display on the website. QuarkChain reserves the right to adjust the rewards and proportions according to the participation of the event.

..for the bounty program wey still dey on, u fih dey collect point for the simple daily task and you go get the conversion to #QKC after mainnet don dey launch....i dey tell you QuarkChain project make sense gan o and no forget say still dey on wey u fit join...

QuarkChain Announced the Official Open for Staking QKC for Votes
u/QuarkChain
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https://i.redd.it/f19ootfh07n21.png

Since QuarkChain’s Guardian Plan was announced, it has attracted extensive attention from the global community. After constant development and test, we are proud to announce that staking QKC for votes is officially open! From now on, users are allowed to stake QKC for receiving votes at the Guardian Plan page and earn the early bird rewards before QuarkChain mainnet launch. The Elf Guardian campaign will officially start in early April, 2019.

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Staking QKC for Votes

All QKC holders are elegible to stake QKC for votes on the Guardian Plan pages to participate in voting for the Elf Guardians.

The basic formula for staking QKC for votes is:

1 QKC=1 vote.

Those that show long-term commitment by staking for a longer duration will be rewarded with extra “bonus votes”.

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Staking Duration   Bonus Votes (%)
2 months   0
4 months   4%
6 months   10%
To encourage this staking for votes process, early birds will receive extra votes. Users who stake for votes on March 20 will receive extra 4% votes, which will be reduced by 0.1% every day until the mainnet launch on April 30.

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How to stake QKC for votes?

We provide two ways for participants to stake the QKC to get votes, and the whole process is quite simple:

Download and install qPocket at: https://www.qpocket.io/Note: Staking for votes in qPocket only support iOS11 and newer versions (for iOS users).
Do NOT use the exchange address to stake QKC. Please transfer your QKC deposited in the exchange to qPocket or Metamask to finish the staking process.
Please reserve a small amount of ETH to pay for Gas fee to avoid transaction failure.
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Staking for votes in qPocket

qPocket is the QuarkChain official mobile wallet. Dapp store makes it better to support the Guardian Plan implementation. Download here: https://www.qpocket.io/

(1) Open qPocket at your phone. => Create or import a wallet.=>Switch to the “ETH” network.

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https://i.redd.it/ta2junua17n21.png

(2) Click “Dapps” button and search for https://guardian.quarkchain.io/ at the top search bar.

https://i.redd.it/9br1xexd17n21.png

(3) Fill in the amount of staked QKC and staking duration on the event page and click “Step 1/2” button. Input the transaction password on the pop-up page.

https://i.redd.it/92pk2e2j17n21.png

(4) The staking process requires double confirmation. Thus, the users need to input the password twice.

Notice: The confirmation time of transactions might be long due to the network congestion. If the operations are still in progress according to the page prompt, please wait with more patience. Do not quit or refresh the page to repeat the operation, which might take longer time.

(5) After some processing time, there will be a dialog popup when the staking process completes.

https://i.redd.it/3lyw1j7x17n21.png

(6) You can check the remaining votes of your corresponding voting address in the dropdown menu at the upper right corner. Besides, you can also check all your stake/withdraw records at the bottom of the page. When the staking duration expires, the “withdraw” button will become clickable and you can withdraw QKC to your wallet. (The following pictures are only demonstrated for testing)

https://i.redd.it/mymy93tx17n21.png

Notices

Please make sure to use the address with full ownership to participate in staking for votes. Do NOT use the exchange address to stake QKC; otherwise, staked QKC cannot return to your correct wallet address after unstaking. Please transfer your QKC deposited in the exchange to qPocket or Metamask to finish the staking process.
Please reserve a small amount of ETH to pay for Gas fee to avoid transaction failure.
Elf Guardians will be re-elected every two months. Votes will be cleared when a new term starts, and all voters need to re-vote accordingly. Voters who miss the voting will be deemed as not participating in this round, and thus they are not eligible to receive rebate rewards from Elf Guardians and other rewards in this round.
Please notice that one can not participate in the next round of voting if his/her staking duration expires.
ONLY participate in the event at https://guardian.quarkchain.io/. Please do not send your QKC to any private wallet address and be careful of fraud. QuarkChain does not assume any responsibility from that.
If you have any other questions, please contact [[email protected]](mailto:[email protected]) or join QuarkChain Telegram Community: https://t.me/quarkchainio
We also provide the Metamask tutorial to complete staking process. Please read more details here: /r/quarkchainio/comments/b4btlr/stepbystep_tutorial_staking_qkc_for_votes_in/

About QuarkChain Guardian Plan

QuarkChain Mainnet 1.0 supports sharding blockchains and a root blockchain. PoSW, an innovative consensus algorithm exclusively developed by QuarkChain, combines the two main features of PoW and PoS, incentivizing miners by staking. The higher percentage of all hash power of the network, the more stakes will be needed to mine.

At the early stage of Mainnet 1.0, to protect the root chain from hash power attach, a simplified version of PoSW will be applied, i.e., the Guardian Plan, which is launched to protect all community members’ interest and guarantee the security of Mainnet with enough hash power. Mining rewards will be distributed to all participants at the same time. Members who participate in the Guardian Plan are expected to receive a minimum of 30% and a maximum of more than 300% annualized returns. Besides, the rewards of the Elf Guardians for Term I will be doubled!

QuarkChain Foundation LTD reserves the final rights of explanation regarding all rules and regulations of this event.

For more details about QuarkChain Guardian Plan, please click here: /r/quarkchainio/comments/b2dt8l/quarkchain_guardian_plan_official_release/

You suppose dey rest assure say you go get your QKC token but na after Mainnet don launch e go be.

Quarkchain QKC

Hello guys, e go interest una to know say QKC na im dey 123 as per this moment ontop CMC(what a wawu something). Quarckchain mainnet been dey road and na April 30 dem plan to put the thing for live. By the way, you fit still join the bounty program wey dey run and 2,000,000QKC na im dey peg for this 2nd round of bounty. You fit check us for telegram, you go see us and you  go get more information wey you u fih need. Tankiu.