QARK Token

QARK 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.

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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 QARK Token?

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

All actors of the QANplatform ecosystem need to buy QARK Token from the open market to participate. QARK 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.

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

1. Developers need to buy QARK Token to pay for contract deployment,
2. DApps users need to buy QARK Token to pay for executing methods of deployed contracts,
3. QARK Token holders need to pay a transaction fee when transferring tokens,
4. Validators need to buy validation tickets in QARK Token to participating in the validation process,
5. Full-node Providers need to buy full-node licence in QARK 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 QARK 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 QARK 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 QARK 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 QARK 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 oof QARK 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 QARK 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 QARK Token.

What are the basic infos of QARK Token economics?

Token Type: ERC-20
Max Supply: 333 333 000 QARK
Total Supply: 333 333 000 QARK

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 QARK Token will be swaped to the QARK Tokens running on the QAN public blockchain.

Read the QANplatform Whitepaper >
Check QARK Token on CoinMarketCap>
Check QARK Token on CoinGecko>

How to buy QARK Token?

You can buy QARK Token on the following exchanges: 

Buy QARK Token on BitBay >
Buy QARK Token on WhiteBIT >
Buy QARK Token on VinDAX >

How to earn QARK Token? 

Some of the QAN public blockchain ecosystem members can earn QARK Token for their contribution:

A) Join our token challenges: 
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: 
Generic smart contract developers get QARK 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: 
Full node providers get a reward in QARK 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: 
Validators get a reward in QARK Token for validating transactions.

Register for Validator updates >

Where to store my QARK Token? 

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

According to industry standards, one secure way to store your QARK Token is an offline wallet like MEW Offline (Cold Storage).

1. Open a MEW Offline (Cold Storage).
2. Send your QARK Token from the exchange to your MEW Offline (Cold Storage) wallet address.

QANplatform snacks

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