Question 1

What is QANX?

Accepted Answer

QANX is the utility token described publicly by QANplatform, designed for contract deployment, contract calls, transfers, validation, and node-related operations on the network. Its role is to provide the token unit needed for payment and participation in these network activities, rather than to represent ownership in an enterprise. Some of these uses are contingent on the launch of the QAN mainnet and the corresponding functions. Therefore, defining the token as usable for a network function does not mean that function is available at every time or in every environment.

Question 2

What does QANX pay for on the network?

Accepted Answer

QANX is designed as the payment unit for network operations: developers deploying or calling smart contracts, users initiating transfers, and validation- and node-related operations may all create fees or participation requirements denominated in QANX. In this way, the token's utility is connected to transactions and services actually executed by the network. A user's ultimate cost is not determined by “holding QANX” itself, but by the operation performed, network rules, and applicable fee parameters. The official description confirms these uses, but the provided material does not provide a uniform rate from which the current cost of a single transaction can be calculated.

Question 3

Why do validators need to stake QANX?

Accepted Answer

QANplatform's validator design requires staking QANX as a condition of participation: validation startup must satisfy mainnet launch conditions, and participants must also stake tokens according to network rules. Validators work to participate in network validation; staking connects their eligibility and economic responsibility to the network rules. This type of mechanism does not mean that all QANX holders automatically receive validator rewards. Whether validation is possible, how much staking is required, and when it begins depend on the mainnet's status and the validation rules at the time.

Question 4

How are QANX validator rewards related to network fees?

Accepted Answer

Under the design in QANplatform's validator documentation, block fees enter an issuance pool, from which validator rewards are then formed. This sequence indicates that the source of reward funding is related to block fees collected by the network: qualifying block fees first enter the pool under the rules, and rewards are only then settled according to the validation mechanism. Rewards are not determined by “staking amount” alone; validation eligibility, network launch status, fee inflows, and specific distribution rules all affect the outcome. The available material does not support presenting this design as a fixed annualized yield or as returns that have taken effect generally.

Question 5

Why did QANX undergo a contract migration?

Accepted Answer

QANX was migrated to a new token contract. What this event changed was the contract address by which the token should be identified and interacted with, rather than treating the old token and new token as two unrelated assets; the official migration page lists the old contract, new contract, and migration time. For holders, the most important aspect of a migration event is confirming the contract corresponding to the tokens held and the applicable migration rules. Before transferring, authorizing, or identifying assets, contracts should be checked against the information listed on the official migration page rather than determined solely from a name or trading page.

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