The Qubit Share Token ($QBS) is a unique cryptocurrency that complements the $QBIT within the Qubit ecosystem. While $QBIT is the primary currency for transactions and interactions, $QBS is designed to reward participation and stakeholding within the ecosystem. $QBS holders benefit from the economic activities involving $QBIT, reflecting the dual-token DeFi approach of the Qubit platform. This page outlines the methods to obtain $QBS, its utility, and the benefits to its holders.
$QBS is generated through the staking of $QBIT. Users who stake their $QBIT tokens are rewarded with $QBS, reflecting their commitment to the ecosystem and enabling them to share in its transactional growth. This process is a key component of the Qubit ecosystem's DeFi strategy, encouraging long-term engagement and investment.
Holders of $QBS receive a percentage of the transaction fees generated from the use of $QBIT across the ecosystem. This reward system is designed to distribute value among those who are actively participating and investing in the growth and sustainability of the Qubit platform.
Payments in the secondary market, such as transactions for in-game items, are facilitated through smart contract technology. Escrow smart contracts hold a portion (fee) from each transaction, dividing it into three distinct components:
The Qubit ecosystem's DeFi component is central to the design and function of $QBS. By embedding DeFi principles, the platform ensures a decentralized and user-centric approach to rewards and ecosystem growth.