Quai Network JUST Burned 1.67 BILLION Tokens (Singularity Fork)
Quai Network is about to go through the Singularity Fork at block 1,530,500 (happening approximately this Thursday, March 19), resulting in a massive 1.67 billion token burn. If you follow Proof-of0Work (PoW) crypto projects or keep an eye on major coin burns, this is a significant tokenomics update you need to be prepared for.
In this video, I break down exactly what the upcoming Singularity Fork is and why the team decided to burn 81.1% of all future genesis unlocks. We'll look at the math behind shifting the vested baseline supply from 3 billion down to just 1.33 billion QUAI once the fork hits.
I also explain how project SOAP plays into this, which introduces a mechanism for ongoing coin burns using merge-mining subsidies.
If you're reading up to this point, let me know in the comments if you holding or mining QUAI ahead of the fork! See you post Singularity.
▪️ SOAP Dashboard: https://soap.qu.ai
▪️ My X: https://x.com/VeronikaPolar
This video does not contain financial advice and it intended for educational purposes only. Crypto is risky, do your own research.
Chapters:
00:00 What is the Singularity Fork
0:32 What’s the New Quai Supply
0:56 New QUAI Tokenomics Explained
1:30 QUAI Mining Emissions
2:12 PoW Economics Suck
2:45 How Quai unSucks PoW Tokenomics
3:32 Soft Cap Supply
3:48 Quai Chain Revenue 3M in 3 months
4:22 No More VC Unlock Dump
5:03 Is Mining QUAI Still Worth It?
5:43 QUAI 10% Inflation Rate
5:54 Bitcoin, Dogecoin, Zcash Inflation Rate Comparison
6:34 KAS Inflation
7:12 Where Did Airdrops Come From?
7:36 Inflation & Airdrops vs Mining & Buybacks
7:53 TL;DR Singularity Fork