XT Announces Listing of QUBIC on Its Socially Infused Trading Platform

XT, the world’s first socially infused trading platform, has announced the listing of QUBIC (Qubic) on its platform in the Main Zone. Trading for the QUBIC/USDT pair commenced on June 18, 2024, at 09:00 UTC. This listing marks a significant step in the cryptocurrency landscape, introducing a unique digital asset with transformative potential.

QUBIC is the native digital asset of Qubic, a layer-1 quorum-based consensus protocol blockchain with a maximum supply of 1 quadrillion coins. Unlike traditional digital currencies, QUBIC Units (QUs) serve as a measure of computational energy within the Qubic ecosystem, altering the concept of value and utility in the crypto space. Each QU is essential for executing smart contracts and accessing various services on the Qubic platform, making it a crucial element of the network’s operational framework.

The generation and distribution of QUBIC coins are designed to promote efficiency and balance within the ecosystem. Every epoch, lasting seven days, produces one trillion QUs, primarily allocated to the network’s Computors. The most efficient Computors receive the bulk of the rewards, while inefficient ones have a portion of their rewards burned, ensuring high performance and maintaining a dynamic equilibrium in the network’s coin supply.

One of the standout features of Qubic is its feeless transfers within the network, setting it apart from many other platforms. While the execution of smart contracts incurs a commission determined through a quorum vote by Computors, these commissions are burned rather than pocketed, effectively regulating inflation and deflation within the ecosystem. This burn mechanism reinforces the concept of QUs as 'energy' rather than currency, promoting a sustainable economic model for the platform.

Albin Warin, CEO of XT, commented on the listing, stating, “The inclusion of QUBIC coins on our exchange marks a significant step forward in our commitment to supporting transformative Web3 projects. Qubic’s unique approach to combining distributed ledger technology with AI-driven computation is truly groundbreaking, and we are excited to provide our users access to such a pioneering digital asset.”

Qubic, the brainchild of Sergey Ivancheglo, co-founder of IOTA and NXT, merges distributed ledger technology, smart contracts, and artificial intelligence. At its core, Qubic operates with 676 Computors responsible for executing tasks and maintaining the network. The platform’s quorum-based computation system ensures reliability by requiring agreement from at least 451 Computors before finalizing any transaction or smart contract execution.

Qubic’s Useful Proof-of-Work system (UPoW) repurposes the computational power used in mining for AI training, offering a more efficient and environmentally friendly solution. This dual-purpose approach optimizes energy use and contributes to real-world AI advancements.

With its decentralized architecture, Qubic ensures robust security and resilience against cyber threats. The platform’s smart contracts enable the automation of complex processes, reducing reliance on intermediaries and enhancing transparency. Additionally, Qubic supports decentralized applications, allowing developers to create and deploy cutting-edge solutions across various industries. This combination of features positions Qubic as a powerful tool for driving blockchain technology adoption and fostering innovation.

XT, founded in 2018, serves over 6 million registered users and offers a secure and intuitive trading experience. The exchange covers a variety of trading categories and includes features such as crypto futures trading and copy trading. With the addition of QUBIC, XT continues to expand its offerings and support innovative digital assets.

For more information, visit XT and qubic.org.