QuarkChain Guardian Plan Announcement about Staking Withdrawal and Compensation

QuarkChain
Sep 30 · 2 min read

Dear QuarkChain Community Members, and Guardian Plan participators,

QuarkChain mainnet has been updated on September 27th at 12:00:00 AM GMT-07:00 DST. After this update, the mainnet has supported smart contracts and PoSW mining on root chain has been opened.

Hash power of QuarkChain mainnet has been growing rapidly since we launched mining function. The cost of double-spend attack has exceeded ETC, i.e., QuarkChain network has reached a certain level of security. The Guardian Plan has accomplished the mission in advance.

Since the Guardian Plan II ended on August 31, 2019 till now, for the users who are still in the period of staking, we will give them an extra compensation based on the Elf Guardian return ( 70% annualized rate of return). Thus, QKC staking will be ended on September 30. We will withdraw the tokens that are still in the staking period through destroying contracts and then return the staked tokens to the corresponding users’ wallet addresses .

The released QKC can be put into the PoSW mining. They can be swapped into mainnet coins and then the holders can collaborate with miners to stake QKC for extra return.

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QuarkChain Official

QuarkChain provides a secure, decentralized and scalable blockchain solution to deliver 100,000+ on-chain TPS

QuarkChain

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https://www.quarkchain.io

QuarkChain Official

QuarkChain provides a secure, decentralized and scalable blockchain solution to deliver 100,000+ on-chain TPS

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