QANX Token

QANX Token is the name of the utility token of QANplatform. Learn how it works and why it is a good fit for your token portfolio in 2021.

The official ERC20 and BEP20 address for both the two platforms is:
0xAAA7A10a8ee237ea61E8AC46C50A8Db8bCC1baaa

(PAY ATTENTION TO THE CONTRACT ADDRESS CAPITALIZATION)

See all media mentions >

What is QANplatform?

QANplatform, the quantum-resistant hybrid blockchain platform enables developers and enterprises to rapidly build software applications like DApps or DeFi and run business processes on blockchain.

Fits into your existing infrastructure



A blockchain platform, like QANplatform is the basic infrastructure of all blockchain projects and applications. It is like the operating system on a computer. The whole ecosystem can only build and work on top of it. Connect it with real-world data, run automated smart contracts, build decentralized applications (DApps). But you already knew it, since you are here.

According to HFS Research excerpt for IBM: Enterprise blockchain adoption is going through a “90-9-1” adoption challenge. 90% of companies are still trying to internalize the concept and its relevant impact. 9% of enterprises that identified relevant use cases are struggling to start with their PoCs and pilots. The 1% of enterprises that have successful pilots are challenged with scalability to a production-grade environment.

To achieve blockchain mass adoption we focused on these challenges. We built a lot of automation and integration to help freelance developers, blockchain development companies and enterprises start their blockchain PoCs (Proof-of-Concept) as fast as possible - and when we say fast we really mean it. It takes less than 5 minutes to deploy the QAN private blockchain to a preferred cloud platform and start building on it.

Learn about QAN integrations >


Top blockchain development companies already testing QANplatform for future implementation: 
...



QANplatform solves the problems enterprises and developers face when using currently available blockchain by building a platform from scratch that does not require them to make compromises:

✓ Hybrid blockchain platform
✓ 80% faster implementation than other blockchains
✓ Lowest hardware and energy requirements on the market
✓ Predictable data transaction prices for public blockchains
✓ Enterprise-ready transaction speed
✓ Quantum-resistant security

Learn about QAN features >


The experienced team behind QANplatform worked in companies and projects like IBM, Telekom, Uber, Bitcoin.com, Ethereum, Monero, Zcash...

Learn about the QAN Team >


What is QANX Token?

QANX Token is the name of the utility token of QANplatform.

All actors of the QANplatform ecosystem need to buy QANX Token from the open market to participate. QANX Token will fulfill its functional value when the QAN public blockchain is live. The QAN public blockchain test net will be published in first half of 2021. Following industry standards, after a 6-month test period, we will launch the official QAN public blockchain and link it to the QAN private blockchain, which will thus form a hybrid blockchain.

QANX Token has multiple functionalities for different utilities which are the followings. 

1. Developers need to buy QANX Token to pay for contract deployment,
2. DApps users need to buy QANX Token to pay for executing methods of deployed contracts,
3. QANX Token holders need to pay a transaction fee when transferring tokens,
4. Validators need to buy validation tickets in QANX Token to participating in the validation process,
5. Full-node Providers need to buy full-node licence in QANX Token to be a full-node provider,
6. Rewards as smart-contract royalty fee, validation and full-node provider rewards, token challenge and bug-bounty rewards are paid to the ecosystem members in QANX Token.


TOKEN FUNCTION 1.
Pay for contract deployment

Developers must pay a fee to deploy new smart contracts on the platform. This fee is paid in QANX Token(s) and the amount of fee relates to the size and logic of the deployed contract.

TOKEN FUNCTION 2.
Pay for executing methods of deployed contracts

Applications (DApps) users may need to pay a fee for using certain smart contract functions where the operation causes data to be written to the blockchain. This fee must be paid in QANX Token, and the amount of the fee may relate to the lenght of the data written and the complexity of the executed smart contract function.

TOKEN FUNCTION 3.
Pay for fees of token transfers

When users send QANX Token as a value transfer to another address, they must pay a transaction fee. This is a flat fee and does not correlate to the amount of QANX Token sent along the transaction.

TOKEN FUNCTION 4.
Pay for validation tickets

Validator pays a deposit fee to enter the pool of validators who have the right to validate a following block. Validators assure the integrity of the transactions by validating the blocks based on the Proof-of- Randomness consensus mechanism. Whenever a particular validator wins the validation process, the Validator also receives all the coins as rewards from the Issuance Pool.

TOKEN FUNCTION 5.
Pay for full-node provider registration

They are constantly running the software on a capable device, providing storage space for the network. To be able to join the network as a Full-Node Provider they need to pay a registration fee.

TOKEN FUNCTION 6.
Rewards are paid in QANX Token

Rewards as smart-contract royalty fee, validation and full-node provider rewards, token challenge and bug-bounty rewards are paid to the ecosystem members in QANX Token.

Is the QANX Token smart contract audited?

QANplatform’s QANX Token excellently passed CertiK’s smart contract audit.

We are building QANplatform, the quantum-resistant blockchain, so it was important to us to audit the QANX smart contract with the #1 smart contract security auditor on the blockchain ecosystem.

CertiK leads blockchain security by pioneering the use of cutting-edge Formal Verification technology on smart contracts and blockchains. Unlike traditional security audits, Formal Verification mathematically proves program correctness and hacker-resistance.

Other than QANX the audit firm CertiK was also assigned to audit the recognizable PancakeSwap, 1inch, Tether and Matic just to name a few.

Read about the CertiK audit news>
Read the CertiK audit on their website>

QANX Token smart contract:

The official ERC20 and BEP20 address for both the two platforms is:
0xAAA7A10a8ee237ea61E8AC46C50A8Db8bCC1baaa

(PAY ATTENTION TO THE CONTRACT ADDRESS CAPITALIZATION) 

QANX Token on GitHub>
QANX Token on Etherscan>
QANX Token on BscScan>

What are the basic infos of QANX Token economics?

Token Type: ERC-20 (with a BEP20 bridge)
Max Supply: 3 333 333 000 QANX
Total Supply: 3 333 333 000 QANX

The QAN public blockchain test net will be published in first half of 2021. Following industry standards, after a 6-month test period, we will launch the official QAN public blockchain and link it to the QAN private blockchain, which will thus form a hybrid blockchain. ERC-20 QANX Token will be swaped to the QANX Tokens running on the QAN public blockchain.

Read the QANplatform Whitepaper >
Read the QANplatform Pitch Deck>
QANX Token - Tokenomics>

QANX Token on Etherscan>
QANX Token on BscScan>

How to buy QANX Token?

QANX Token is available on PancakeSwap and Uniswap since June 2nd:

QANX Token on Uniswap>
QANX Token on PancakeSwap>

DEXTools: QANX Token Uniswap>
DEXTools: QANX Token PancakeSwap>

How to earn QANX Token? 

The QAN ecosystem members will be able to earn QANX Tokens for their contribution:

A) Join our token challenges (before mainnet):
We distribute occasionally some tokens for helping us spread the word about QANplatform.

Register for token challenge updates >



B) Be a Generic Smart Contract Developer (mainnet): 
Generic smart contract developers get QANX Token after their code is being reused by the Specific Smart Contract Developers.

Register for Generic Smart Contract Developer updates >



C) Be a Full Node Provider (mainnet): 
Full node providers get a reward in QANX Token for giving access to their storage for the blocks to be validated (tokens generated by the network), in proportion to the storage actually used by the blocks.

Register for Full Node Provider updates >



D) Be a Validator (mainnet): 
Validators get a reward in QANX Token for validating transactions.

Register for Validator updates >



E) Staking (before mainnet): 
QANX Token holders will be able to stake their tokens until the mainnet launch.

Where to store my QANX Token?

First of all, welcome to the QANX Token hodler (holder) family.

QANX Tokens is an ERC-20 Token with BEP-20 compatibility. Therefore, it is useful to store your QANX Tokens in a wallet which supports both ERC-20 and BEP-20 tokens like:
1. MetaMask
2. Trust Wallet
3. MEW (MyEtherWallet)

1. How to store QANX Token on MetaMask wallet?

Website: Metamask.io > 


ERC-20 compatibility: Yes
What to do in order to accept ERC-20 tokens: It can store QANX Token by default
BEP-20 compatibility: Yes
What to do in order to accept BEP-20 tokens: Change network

2. How to store QANX Token on Trust Wallet?

Website: TrustWallet.com > 


ERC-20 compatibility: Yes
What to do in order to accept ERC-20 tokens: Add ERC-20 token
BEP-20 compatibility: Yes
What to do in order to accept BEP-20 tokens: Add BEP-20 token

3. How to store QANX Token on MyEtherWallet (MEW)?

Website: MyEtherWallet.com > 


ERC-20 compatibility: Yes
What to do in order to accept ERC-20 tokens: It can store QANX Token by default
BEP-20 compatibility: Yes
What to do in order to accept BEP-20 tokens: Change network

How to store QANX Token on Ledger or Trezor hardware wallet?

Hardware wallets like Ledger or Trezor do not accept BEP-20 tokens natively at the moment, so you can only store your ERC-20 QANX Tokens on these wallets.

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