Qubic launches Project X with significant supply cut

Qubic (CRYPTO:QUBIC), a quorum-based distributed ledger technology with an AI platform in development, has launched "Project X," a major initiative designed to enhance the ecosystem's sustainability and community-driven growth.

The project introduces key upgrades, including a substantial 80% reduction in the total supply of QUBIC tokens, aiming to create a balanced and thriving environment for users, developers, and community members.

Project X includes a new protocol extension that allows specialized nodes, known as computors, to allocate a portion of their weekly rewards toward ecosystem initiatives they support.

This feature empowers the community to actively participate in the growth of the network.

In addition, Qubic has implemented a new emission model, which reduces emissions by 15% and introduces annual halvings, capping the total supply at 200 trillion QUBIC tokens.

This significant supply cut reduces the Fully Diluted Valuation (FDV) from $1.7 billion to $340 million, potentially making Qubic more attractive to new investors.

Another key component of Project X is the Computor Controlled Fund (CCF), which reallocates 8% of weekly emissions to support essential activities such as software development, marketing, and community projects.

Additionally, the QEarn initiative offers yields for locking QUBIC tokens, further reducing the circulating supply and encouraging long-term engagement.

Alber Fernandez, Qubic’s Ecosystem Representative for Europe, highlighted the innovative nature of Project X, emphasizing how it balances emissions, mining growth, and sustainability while aligning burns with emissions to foster a more value-driven ecosystem.

Project X will be rolled out in phases between now and late September, with Qubic positioning itself to revolutionize its ecosystem through these strategic enhancements.

The initiative underscores Qubic's commitment to decentralization, innovation, and active community involvement, aiming to redefine the role of AI in Blockchain technology.

Qubic is a high-performance Layer 1 network, known for its feeless transactions and rapid smart contracts.

Founded by Sergey Ivancheglo, a cofounder of IOTA and NXT, Qubic leverages advanced computing resources to democratize access to Artificial General Intelligence (AGI), positioning itself as a leader in the next generation of blockchain and AI integration.

At press time, the Qubic price was $0.051671.