Quai Network has unveiled its Subsidized Open Acquisition Protocol (SOAP), a novel approach to restructuring proof-of-work economics. The protocol leverages 100% of mining rewards from parent chains such as Bitcoin Cash and Litecoin to purchase, burn, or stake QUAI tokens. This strategy aims to convert traditional merged mining sell pressure into sustained buy pressure, thereby improving QUAI's economic model and network security.
The testing phase for SOAP will continue until October 27, 2025, with a mainnet launch scheduled for November. The initiative is designed to create a virtuous cycle of subsidies, buybacks, and security enhancements, potentially setting a new standard for token economics in the blockchain space.
Quai Network Introduces SOAP to Enhance Token Economics
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