1. Why does QANplatform have and need a token?
QAN’s native token, the QARK Token is an essential part of our platform. It has the following functions:
- Generic smart contract developers get QARK after their code is being reused by the Specific Smart Contract Developers.
- All developers pay for their smart contract deployment in QARK.
- Specific smart contract developers pay a fraction of the full price as a license fee to the Generic Smart Contract Developers in QARK.
- Validator pays a deposit fee in QARK to enter the pool of validators who have the right to validate the following block.
- Full node providers get a reward in QARK for giving access to their storage for the blocks to be validated (tokens generated by the network), in proportion to the storage actually used by the blocks.
- Smart contract users pay for transaction fees. Fees are fixed in FIAT, long term predictable. (All operations which modify data require payment of a transaction fee.)
2. What kind of a token is QARK?
QARK is an ERC-20 Ethereum utility token.
3. Where can I buy QARK?
You can buy QARK token on VinDAX exchange. Further exchanges for trading will be announced continuously