Wrapped QUILPrice

(QUIL)

Quilibrium operates as a decentralized 'Platform as a Service' (PaaS) or a 'decentralized internet layer.' Unlike traditional blockchains which use a linear chain of blocks, Quilibrium utilizes a sharded hypergraph architecture combined with Proof of Meaningful Work (PoMW). This design allows it to function as a privacy-first, encrypted alternative to centralized cloud providers, offering a distinct approach to decentralized infrastructure that prioritizes privacy and scalability beyond conventional blockchain models.

QUIL is the native utility token of the Quilibrium network. It serves essential functions such as covering gas fees, facilitating storage payments, and rewarding network nodes for their contributions. In contrast, wQUIL is the Wrapped QUIL token, an ERC-20 compliant version deployed on the Ethereum blockchain. This wrapped version is specifically designed to allow QUIL to be traded and utilized within the broader Ethereum ecosystem, while maintaining a precise 1:1 value peg with the native QUIL token through a secure bridging mechanism.

No, Quilibrium distinguishes itself with a '100% Fair Launch' model. This means there was no seed funding round, no venture capital allocation, and critically, no pre-mine or token airdrops to early investors or participants. All QUIL tokens are exclusively earned through mining activities, where individuals provide computational power to the network. This approach ensures that token distribution is organic and directly tied to active network contributions, fostering a truly decentralized and community-driven ecosystem from its inception.

Bridging native QUIL to wQUIL typically involves using the official bridge tool, often accessed via the `qclient` application. Historically, the bridge has operated primarily as a one-way mechanism, allowing native tokens to move from the Quilibrium network to Ethereum, which enabled miners to trade their earned rewards on decentralized exchange platforms while the mainnet developed. It's crucial to always check the official status page (https://status.quilibrium.com/) for the current bridge status, as it may be paused or restricted during significant network upgrades to ensure stability and security.

wQUIL is available for trading on various platforms. You can find it on reputable centralized exchanges such as LBank, and other platforms like CoinEx and Bitget. Additionally, it is traded on decentralized exchange platforms, allowing users diverse options for acquiring the token. Always ensure you are using official and verified platforms to conduct transactions and check the liquidity and trading pairs available on your preferred exchange before making a purchase.

It is imperative to understand that Quilibrium is designed as a strictly non-custodial system, meaning users are solely responsible for the security of their assets. If you lose your node's `config.yml` file or the entire `.qln` folder, which contains your node's unique cryptographic identity and private keys, any earned rewards or associated tokens will become permanently inaccessible. There is no recovery mechanism or central authority to assist in retrieving lost keys or tokens. Therefore, robust backup procedures for these critical files are essential to safeguard your holdings.