Utility of $QUBITIC

$QUBITIC serves multiple critical functions within the Qubitic ecosystem. These functions ensure the token’s long-term value and promote ecosystem growth, governance, and security.

Transaction Fees

$QUBITIC is used to pay transaction fees within the Qubitic network. When users interact with the blockchain—whether transferring assets, interacting with dApps, or conducting smart contract executions—they will pay a fee in $QUBITIC. This ensures the continuous functioning and maintenance of the network.

Staking & Rewards

To secure the network and participate in block validation, validators and delegators can stake their $QUBITIC tokens. Stakers receive rewards based on the amount of tokens they lock up, incentivizing them to maintain network integrity. Validators that successfully validate blocks are rewarded with newly minted $QUBITIC tokens, while delegators can also earn a share of the rewards by staking with active validators.

Governance

$QUBITIC holders have governance rights, allowing them to propose and vote on protocol upgrades, changes to network parameters, and other key decisions that impact the future of the platform. This decentralized governance model ensures that the community has a voice in the evolution of the network, aligning Qubitic’s growth with the interests of its users.

Incentive Programs & Airdrops

$QUBITIC is used to reward early adopters, community members, and contributors through airdrops and incentive programs. Early testers of the Qubitic network, active participants in the Testnet, and developers building on the platform can receive $QUBITIC tokens as part of various promotional initiatives aimed at fostering network growth.