QWALLET

The native token for the Valis Wallet platform

Features

• Used for transactions within the Valis Wallet.
• Can be traded on the Qubic network.
• Supports both Qubic seeds and 24-word BIP39 seeds.

Use Cases

• Facilitates transactions and operations within the Valis Wallet.
• Acts as a medium of exchange and store of value on the Qubic network.

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FAQ

General

What is QWALLET?

QWALLET is the native utility token for the Valis Wallet platform within the Qubic ecosystem. The token distribution included an initial fundraiser.

What is the utility of QWALLET?

While QWALLET is designed to enhance the user experience within the Qubic network, it currently does not have utility but is positioned for future functionality as the platform develops. Some features under consideration include:

• Utility Token: Used for transactions within the Valis Wallet platform.
• Incentive Mechanism: Rewards users for participating in the Qubic network.
• Integration: Will be used across multiple Qubic services and applications.

Distribution

How were QWALLET tokens be distributed?

Half of the 67.6 billion QWALLET tokens were distributed through an initial fundraising event, which ended on May 15, 2024, at midnight UTC.

What were the specifics of the QWALLET fundraiser?

• Duration: The fundraiser ended on May 15, 2024, at midnight UTC.

• Participation: Users participated by contributing Qubic tokens (QU) to receive QWALLET tokens in return. Contributions were sent to the following Qubic address:

   QWALLETSGQVAGBHUCVVXWZXMBKQBPQQSHRYKZGEJWFVNUFCEDDPRMKTAUVHA
  

• Allocation: Half of the total QWALLET tokens (33.8 billion) were shared among the contributors. The remaining half will be used for expenses and as incentives for the decentralized infrastructure.

• Funds Raised: The fundraiser successfully raised nearly 100 billion QU. Specifically, 99,984,053,373 QU were raised, falling just $100 short of the 100 billion QU mark at the valuation at that time.

How many QWALLET tokens were distributed?

• Total Supply: 67.6 billion QWALLET tokens.
• Fundraiser Allocation: 33.8 billion tokens were allocated for the fundraiser.
• Community and Development: The remaining tokens will be used for community incentives, development funds, and team allocations.

Usage

How can I use QWALLET tokens?

• Transfers: Send and receive QWALLET tokens between wallets.
• Payments: Use QWALLET tokens to pay for services within the Valis Wallet platform.

What are the future plans for QWALLET?

The QWALLET token will be used to create a liquidity pool (Valis Liquidity) for trading and earning passive income. Half of the funds raised will be allocated to this liquidity pool. QWALLET holders can participate in the liquidity pool to swap QWALLET for QU and earn trading fees.

Security

How does QWALLET ensure the security of transactions?

QWALLET leverages the security features of the Qubic blockchain to ensure all transactions are secure and verifiable.

How can I verify my QWALLET transactions?

You can verify your QWALLET transactions by checking the transaction details on the Valis Explorer.

Support

Where can I get support for QWALLET?

For support, join the Qubic Discord server and request support on the #valis channel.

Contributions

How can I contribute to the development of QWALLET?

Contribute to the development of QWALLET via the Valis GitHub repository. Your contributions can include code improvements, bug fixes, and feature enhancements.

How can I provide feedback or participate in community discussions about QWALLET?

Participate in discussions and provide feedback on the Qubic Discord server. Your insights and suggestions help improve the QWALLET token and its functionalities.

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