What is QIE Blockchain (QIE)?

QIE (ticker: QIE) is the native coin of the QIE Blockchain network (also referred to in project materials as QIE V3). It is used to pay transaction fees on the network and to secure the chain through staking.

QIE Blockchain is presented as a layer-1 network that supports Ethereum-style smart contracts (EVM compatibility) while also using Cosmos-based components for its underlying architecture. The network uses a delegated proof of stake model where validators produce blocks and token holders can delegate stake to validators.

Token and network parameters:

• Maximum supply: 150,000,565 QIE (hard cap)
• Reward allocation: 66,000,000 QIE reserved for validator and delegator rewards with distribution planned across a long time horizon
• Emission model: rewards are issued on a daily schedule (not per-block), starting at 1,808 QIE per day (about 660,000 QIE per year) with halving referenced on a two-year cadence and emissions ending once the fixed reward allocation is fully distributed
• Fee model: includes a base fee that is burned based on gas used, reducing supply as the network is used
• Denomination: aqie is the base unit (1 QIE = 10^18 aqie), aligned with 18 decimals
• Address formats: documentation describes a dual-format wallet setup (0x… for EVM style activity and a native QIE… format) under a single private key

What is QIE Blockchain (QIE) used for?

• Transaction fees (gas): paying fees for transfers, smart contract calls and other on-chain actions. Project documentation describes a mechanism where the base fee is burned (burned fee = base fee × gas used) and other fee components can contribute to validator rewards.
• Staking and network security: validators stake QIE to participate in block production and delegators can stake by delegating to validators. Rewards are described as coming from a combination of the fixed emission pool and transaction fees, paid out on a 24-hour reward cycle.
• On-chain governance: QIE holders can participate in governance by voting and (where applicable) submitting proposals. Documentation includes an example proposal deposit of 10,000 QIE (expressed in aqie units).
• Economic penalties: validator misbehaviour or poor performance can result in slashing and jailing. The whitepaper version provided describes 0.01% slashing for downtime and 5% slashing for double-signing, alongside a jailing process that pauses rewards and requires manual unjailing after a stated penalty period.

Who created QIE Blockchain (QIE)?

The publicly available materials for QIE Blockchain describe the project under the QIE Blockchain / QIE Digital branding and provide technical documentation, but they do not consistently identify individual founders or a specific legal entity in the core documentation. The project is represented as being developed and maintained by the QIE team, with supporting resources published through its official documentation and related repositories.