By The Qubic Team – August 3, 2024
Welcome to Day 3 of “4 Days of X”! Following our launch of the emission model and the CCF treasury, today we reveal QEarn—a community-driven initiative powered by the Project X protocol extension.
What is Qearn?
QEarn is engineered to significantly reduce QUBIC’s circulating supply by offering users attractive yields in exchange for locking their coins over extended periods
The program creates a deflationary effect through penalty mechanisms on early withdrawals, where part of the unearned rewards is burned and the rest redistributed among remaining stakers
This balance of reduced supply and increase.
How Qearn Works
- A fixed percentage of weekly emissions (example: 10% or 100 billion QUBIC per week) is allocated to a staking rewards pool.
- Rewards are distributed proportionally among users who have locked their QUBIC during that epoch period.
Maximising rewards
- To receive full staking rewards, users must lock QUBIC for a 52‑week period, promoting long-term engagement and stability.
- Early unlocks result in reduced returns. The forfeited rewards are burned or redistributed to other stakers—further tightening supply and reinforcing incentives for holding.
Next steps
QEarn represents a major leap forward for Qubic—turning staking into both a yield-generating and deflationary activity, aligned with community-driven funding strategies. Stay tuned for:
- Grant application processes
- Detailed breakdowns of the model
- Community discussions on rates
- Smart contract development, IPO, and launch
It’s important to note that QEarn is independently developed and guided by the community. Participation involves risk, and no specific returns are guaranteed.
What’s next in 4 days of X?
Tomorrow—Day 4—we’ll launch the final element: the protocol extension that powers everything underneath Project X.
