QuarkChain Guardian Plan Term I Ended and Term II Election Result Announcement

Dear QuarkChain Community Members,

Currently, the QuarkChain mainnet has been running smoothly and safely for more than two months. Thanks for your support and we’re happy to announce that the first phase of the Guardian Plan was over. All Aegis Guardians and Elf Guardians fulfilled their duties completely. Thank you all for your support over the past two months. Now, we will announce the reward release plan for the first phase, the election result of the second phase, as well as the future plan of Guardians.

For the Term I reward release, we’re now processing the KYC for the Aegis Guardians and Elf Guardians. The reward calculation work was already done. Once all the processes are done, we will send the corresponding rewards to the Guardians and to the voters with the promised rebate ratio. We will publish all the information at our official channels, please pay attention to the announcements.

Meantime, the second term of the Guardian Plan poll ended. The selected Elf Guardians will work on protecting QuarkChain mainnet. You can check the election result at the following link: https://guardian.quarkchain.io/

In addition, relying on the help of the Elf Guardians, QuarkChain mainnet has been running smoothly after launch. Also, we have recently opened the transaction and staking for mining. According to our estimates, the mainnet’s hash power is stabilized at the end of the second term. Considering that staking restricts the users to participate in other activities, we decided to postpone the launch of the third term of the Guardian Plan, and will restart it at a better time. At the end of the second term, the users can withdraw stakings. For the users who are influenced by this decision, we will proceed with additional compensation and distributed to your account gradually after the second guardian term. For more information, please pay attention to our follow-up announcements.

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