The world’s first early 20 test node conference decided three major resolutions for the future development of QITCHAIN ​​NETWORK

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Contents of the meeting:

On April 30, the first phase of PoST upgrade test was completed, and the first meeting of the world’s top 20 early test nodes was held to demonstrate “how technology supports the development of QTC ecology and global consensus”, and reached a final resolution.

Session 2:

On April 30th, at the first meeting of the world’s top 20 test nodes, we discussed how to increase the top ten POS nodes in the entire network to the top 20 POS nodes, and conducted model deduction and technical testing. The results will be announced later. .

Contents of the meeting 3 (statistics and announcement of network-wide data and information):

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The total amount of the account of the search laboratory = 14.5 million QTC

1. The search lab strictly follows the rules of the white paper, does not participate in the node Pos election, and accepts the supervision of the entire network.

2. The initial number of QTCs = 15.75 million, 1.25 million QTCs have been released to investment institutions, and the remaining 750,000 QTCs will be released to institutions in batches on a monthly basis before 2023.10.30.

3. The quantities used for ecological construction and technology development are:

Before 2024.1.1: 1 million QTC;

2024.1.1-2025.1.1: 2 million QTC;

The remaining amount will no longer be released according to the 1.0 version of the white paper before 2025.1.1, but all locked up.

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Account amount of QTC Foundation = 5.25 million QTC

1. In strict accordance with the provisions of the white paper, do not participate in the node pos election, and accept the supervision of the entire network.

2. The quantities used for ecological construction and team introduction are: 

Before 2024.1.1: 500,000 QTC;

2024.1.1-2025.1.1: 1 million QTC;

The remaining amount will be fully locked before 2025.1.1.

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The total amount of the early global 20 test node accounts = 3,754,500 QTC

1. All test nodes participate in the “Consistent Action Person” plan.

2. All outputs of test nodes before 2025.1.1 are used to participate in the POS node competition ranking, and the obtained equity rewards are also involved in lock-up and do not flow to the secondary market.

3. Publish the address and accept the supervision of the whole network

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As of April 30, 2022, through the block browser: the amount of participation in mining points = 4783918.732582.55 million QTC

As of April 30, 2022, the amount of participating in the top 10 POS node elections = 6,769,480,000 QTC

The above is the account and market value that can be checked = 28.9614 million QTC

As of April 30, 2022, the block explorer shows that the total amount mined = 31.5573 million QTC

As of April 30, 2022, the actual circulation of the secondary market = 2,595,900 QTC

(Note: During the period from May to August, the test node has not yet joined, and during this period, about 650,000 QTC were lost on the mainnet)

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-worlds-first-early-20-test-node-conference-decided-three-major-resolutions-for-the-future-development-of-qitchain-network/
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