QLC Chain DeFi is coming

Following Q-Wallet’s successful support for the China Mobile Guangdong plan’s top-up function, the QLC team has decided to speed up the user adoption via DeFi (Decentralised Finance) smart contract deployment on QLC Chain.

QLC Chain DeFi is backed by QLC staking for the network communication resource.

In the QLC Chain network, QLC is the utility right related to the measurement of network capacity. QGAS is the utility fuel for symmetry behavior of information processes such as send/receive, encrypt/decrypt, upload/download, encode/decode.

QGAS is generated by staking QLC through the smart contract. So each QLC staked in the Q-Wallet means that the user owns the corresponding network capacity. QGas will be burned for network service consumption.

Lending 1500 staked QLC to every user over a period of 1 year

QLC Team will release a “lending contract” on the QLC chain and lend every Q-Wallet user 1500 $QLC for staking over a period of 1 year. Users are entitled to claim the QGas earnings as long as the Q-wallet is in use and can do so by pressing the “Claim” button in the App.

To start off, the team will distribute the lending amount and subsequent QGAS rewards to the first 15,000 Q-Wallet users, which will not cause an increase in the total QLC staking amount.

Refer a friend and earn extra QGAS

Q-Wallet will add additional promotional functions that benefit both new users and long term supporters. By sharing their unique referral code with their friends, users will earn 2 QGAS for every successful referral.

The users can claim the QGas after accumulating a total of 4 QGas in their balance.

The next version with the implemented promotional functions is scheduled for release during the week of Oct 14th, so get your Q-Wallets ready and prepare to receive your rewards!

Before the updated version available on Google Play and App Store, please download from the QR Code below.