Victoria, Seychelles, June 29th, 2024,
Chainwire
Bitget, the world's leading cryptocurrency
exchange and Web3 company, has announced adding QUBIC tokens from
the innovative Proof-of-Work based blockchain ecosystem Qubic. The
token is now listed on spot corridor and trading will go live at 10
AM UTC, 1st July, 20204.
Qubic's Smart Contracts differ significantly from others. Each
contract must pass a Quorum proposal vote, ensuring only useful and
legitimate contracts are added. When a Smart Contract is accepted,
it's launched via an IPO with 676 shares.
The QUBIC tokens spent on the shares is locked into the Smart
Contract, reducing QUBIC's circulating supply and paying for
contract execution. Shareholders earn passive income from contract
fees. The contract is self-sustaining until the locked QUBIC tokens
is depleted, after which a portion of shareholder fees funds
further execution. The first three Smart Contracts alone burned
over 10.5 trillion QUBIC.
The Quorum protocol operates with 676 Computors (Validators)
handling transactions, executing smart contracts, securing the
blockchain, and liaising with Oracle Machines. It ensures finality
and reliability by requiring over two-thirds of Computors to agree
on a result. Qubic achieves this with an average block-time of 7
seconds due to its efficient "bare metal" code execution.
Bitget lists high potential tokens in its innovation zone for
spot trading. This provides improved accessibility to emerging DeFi
ecosystems. The inclusion of QUBIC in Bitget's spot helps users
engage in the initial launch phases of the trending tokens.
With a focus on providing users with opportunities to invest in
popular and valuable projects, Bitget is now one of the top 10
crypto spot trading
platforms with over 900 coins and 1000+ pairs. Bitget continues to
lead in the crypto derivatives market, with its Open Interest (OI)
indicator surging past $6 billion last month, securing a
substantial 25% share of the total market. In the past 30 days,
Bitget recorded the highest monthly inflow among all
centralized exchanges, with $1.3 billion in new
capital, strengthening its position as an industry leader.
For more information about QUBIC tokens on spot, please visit
here.
About Bitget
Established in 2018, Bitget is the
world's leading cryptocurrency
exchange and Web3 company. Serving over 25 million users in
100+ countries and regions, the Bitget exchange is committed to
helping users trade smarter with its pioneering copy trading
feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain
crypto wallet that offers an array of comprehensive Web3 solutions
and features including wallet functionality, swap, NFT Marketplace,
DApp browser, and more. Bitget inspires individuals to embrace
crypto through collaborations with credible partners, including
legendary Argentinian footballer Lionel Messi and Turkish National
athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet
Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national
team).
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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