Token Ecosystem: Quant and SQuant
Quantum Grid is revolutionizing its economy with the integration of Quant and sQuant tokens, which are central to the platform's functionality and user incentives.
$QUANT Token
The $QUANT token powers the Quantum Grid platform, acting as the primary currency for transactions. Users can purchase computing resources or stake their Quant tokens to earn additional benefits.
Key Features of QUANT:
Platform Utility: Use QUANT to access high-performance computing resources such as GPUs, CPUs, and storage.
Staking Mechanism: By staking QUANT, users can unlock discounts, enhanced services, and participate in governance decisions.
Marketplace Integration: QUANT tokens are the currency for renting hardware and purchasing additional services on the platform.
sQUANT (Staked QUANT)
When users stake QUANT tokens, they receive SQUANT (Staked QUANT) in return. This liquid token allows users to retain flexibility while gaining access to discounts and exclusive platform features.
Benefits of sQuant:
Discounted Rates: Users with sQUANT tokens receive discounts on computational resources, making their workloads more cost-effective.
Liquid Token: Unlike traditional staking mechanisms, sQUANT is liquid, meaning users can liquidate their sQUANT tokens at any time.
Governance Participation: sQUANT holders have a voice in Quantum Grid's future. Users can vote on governance proposals to influence platform upgrades, new features, and development priorities.
Note: How Staking Works
Stake Quant Tokens: Users lock their QUANT tokens in a staking pool. In return, they receive sQuant, representing their staked assets.
Earn Rewards: By staking $QUANT, users not only earn yield on their base tokens but also benefit from the flexibility to maintain liquidity through liquid staking tokens.
Discounts: By staking $QUANT, users also gain acces to our discounted model on computational resources and exclusive services. This is possible through our solar energy production model.
Governance Rights: sQuant holders can vote on key decisions affecting the platform, from new features to service improvements.
Liquidity: Unlike traditional staking, SQuant is liquid, meaning you can easily withdraw your tokens without penalty and convert them back to Quant.
Future Plans for the Token Ecosystem
Quantum Grid plans to expand the utility of both QUANT and sQUANT tokens by introducing new services, deeper governance capabilities, and rewards for long-term stakers.
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