By The Qubic Team – August 2, 2024
Welcome to Day 2 of “4 Days of X”!
Yesterday we officially launched Project X, a major enhancement for the Qubic ecosystem. We introduced the new emission model—one of Project X’s four core pillars—and today we unveil the next vital component via our protocol extension: the CCF (Computor Controlled Fund).
CCF: promoting growth
The Computor Controlled Fund (CCF) is Qubic’s runway and treasury, funding ecosystem initiatives. Initially seeded with about 1.18 trillion QUBIC, it currently holds roughly 770 billion QUBIC, of which 250 billion has been reserved for market maker funding and largely spent already.
How the CCF Is used
Allocated funds support:
- Marketing campaigns
- Global hackathons
- The Qubic Grants Program
- Software engineering
- Partnerships and exchange listings
- Community engagement
- Operational expenses
- Community‑driven projects
- Cash reserves
The Grants Program is particularly important, fostering high‑quality smart contracts such as liquidity pools, name services, derivatives, token insurance, and more. Assuming 25% of CCF funds go to grants, that equates to about 80 billion QUBIC or roughly $160,000 per month (based on $2,000 per billion QUBIC), totaling around $2 million annually, with potential to grow as QUBIC’s price rises.
The proposal
We propose reallocating 8% of weekly emissions to the CCF. This will be among the first initiatives powered by the new protocol extension and is designed to spur innovation, sustainability, and inclusive growth within Qubic. Computors are invited to participate in the decision-making process to align this implementation with community interests.
A detailed blog post breaking down this reallocation will follow on August 12.
Key deadlines for CCF
- August 12: Blog post detailing how the CCF supports ecosystem growth
- August 26: Smart contract testing completed
- September 4: Smart contract proposal
- September 11: Smart contract IPO
- September 18: Launch of the smart contract
- September 25: First emissions received by the CCF
What comes next in “4 Days of X”?
Stay tuned for Day 3, where we’ll unveil QEarn, the next Project X initiative focused on yield and long‑term engagement
