Qubic does something that sounds contradictory: it creates a trillion units every week to pursue a hard ceiling. The contradiction disappears only after following who earns, who votes and what is burned.
Qubic’s monetary story begins every Wednesday with the same gross number: one trillion new integer units. It ends a week later with a different net number because performance, routing and burns intervene.
At epoch 229 the official RPC counted 176,923,511,873,269 circulating and 52,076,488,126,731 burned. Together they reconstruct 229 trillion gross units and make the burn visible as accounting, not adjective.
Miners do not race to append a block. Their solutions rank candidates; the top 676 earn Computor seats for the next seven-day epoch.
Those Computors execute transfers and contracts. At least 451 must sign byte-for-byte matching tick state. Useful work chooses the panel; quorum finalizes the ledger.
Aigarth asks whether distributed evolutionary search over ternary neural structures can produce useful intelligence. Code, datasets, conference work and small experiments now exist.
The official learning page still says Aigarth is in development, while newer marketing calls AI compute live. Neither wording establishes autonomous AGI, commercial demand or measurable value for every mining cycle.
The 200-trillion circulating-supply cap is pursued by burning more of fixed gross issuance. Epoch 175 lowered the net target to 450 billion. Computors approved the second halving on 3 June 2026, scheduling epoch 227 for around 19 August 2026. The tokenomics schedule lists about 240 billion net per epoch for epochs 227–278; the June announcement instead illustrates 225 billion at a maximum 77.5% burn, with dynamic adjustments. Neither figure establishes realized net issuance, and the announcement alone does not verify activation on its planned date.
SWATCH receives routed revenue and fills contract fee reserves through burns. IPO bids and procedures burn too. Ordinary transfers remain feeless, so use does not mean every movement destroys coins.
A Qubic contract is reviewed C++ integrated into Core, rather than arbitrary bytecode uploaded by one wallet. A proposal needs a participation quorum of 451 and a winning approval result before a Dutch auction of 676 economic interests in that smart contract. The quorum is a participation threshold, not a claim that exactly 451 affirmative votes always suffice.
The auctioned interests are separate assets with contract-specific economic rights, not company equity or native QUBIC. Their QUBIC proceeds fund burned execution reserves; owning QUBIC before or after the auction does not itself confer those contract interests.
Computors control proposal ballots and compatible software transitions. Core maintainers shape releases; incompatible digest changes demand a coordinated cutover. SteCo directs funded work but cannot turn token balances into votes.
The Arbitrator still sets mining parameters, publishes the new Computor list and may replace laggards. Documentation says its present controller is unknown, even though Computors can choose another.
Sergey Ivancheglo founded the project, and a public team maintains it. A Swiss association proposed in 2024 was still being established in July 2026; a Seychelles company appears as website contact without being named native-coin issuer.
A holder can sign and transfer native units, call services and bid in auctions. No reviewed source grants redemption, equity, CCF property, Aigarth ownership or network income merely for holding QUBIC. Contract interests and institutional rights are separate; this evidence limit is not a ruling on every independent legal claim.
Official history places the concept before the live network.
Qubic dates continuous mainnet operation from April 2022.
Computors approve a mandate through 30 October 2026 and a planned Swiss wrapper.
Target net issue drops from 850 billion to 450 billion per epoch.
Computors schedule the next burn increase for epoch 227.
The 3 June decision planned the second halving for around 19 August. The schedule lists about 240 billion net per epoch; this entry records the planned timing, not a separately verified activation.
RPC reports 176,923,511,873,269 circulating and 52,076,488,126,731 burned.
Last evidence review: 2026-09-05
Qubic is a native Layer 1 “tickchain” whose Spectrum stores integer QUBIC balances. There is no EVM token contract: QUBIC is the official ticker, while protocol code and older documentation also call individual units QUs or energy. Qx and other smart-contract shares are separate assets.
The network combines a weekly competition for 676 Computor seats with quorum execution of transfers and compiled C++ contracts. Miners perform Useful Proof of Work for ranking and experimental Aigarth research; at least 451 seated Computors must agree on a tick.
Qubic tries to make issuance, computation and governance feed one another. It creates one trillion QUBIC per epoch, pays productive Computors and routes increasing portions into burns so net supply approaches a 200-trillion cap.
That design is easy to misread. Mining solutions choose the next committee; they do not individually validate transactions. “Useful AI” describes an evolving research program, not proof of AGI. QUBIC powers calls and auctions, but holding it does not buy a Computor vote or a contract share.
Every seven-day epoch ranks candidates by UPoW solutions. The top 676 become Computors; 451 matching signed tick votes finalize balances and contract state. An Arbitrator sets mining parameters and publishes the list, and its controller is not publicly identified.
Gross issuance remains one trillion QUBIC per seven-day epoch. A quorum-controlled routing table directs Computor revenue to SWATCH, CCF, QEarn and other destinations, and SWATCH and contract execution burn units. The official tokenomics schedule targets about 240 billion net per epoch for epochs 227–278, after 450 billion for epochs 175–226. The separate 3 June 2026 announcement illustrates 225 billion under a maximum 77.5% burn and says adjustments are dynamic. These are source-specific targets or examples, not measured net issuance; realized issuance depends on the burn actually applied.
Contracts are restricted C++ compiled into Core. Inclusion needs review, testing and a Computor vote, followed by a Dutch auction of 676 shares. Auction QUBIC funds a burned execution reserve. Later incompatible Core changes still require coordinated operator upgrades.
No canonical EVM address defines native QUBIC. It is an integer balance in Qubic’s Spectrum. Wrapped or exchange-issued representations must be verified separately.
The protocol creates one trillion each week, then burns or routes a large share. Net issuance can be positive while shrinking; “deflationary” is a design direction, not a statement that supply always falls.
UPoW solutions rank candidates. Once seated, the 676 Computors execute the network, and at least 451 matching votes finalize a tick.
No such conclusion is supported. Official materials show experiments, code and research, while the learning page still says Aigarth is in development.
No. Computors vote on protocol proposals. Each contract’s 676 shares are separate assets acquired in that contract’s auction.
It provides control of native network units and protocol utility. Reviewed materials promise no issuer redemption, equity, profit share or ownership of teams, treasury or AI research.
Choose a tracking site for Qubic:
