The total supply of IQC is 10,000,000,000 with:- 11% for Community Rewards
- 6% for Strategic Partners
- 3% for Super Miners
- 30% for Development and Operation Team
- 50% for Public Mining
3.Benefits of IQC
- （1）Get Dividends from 80% of iquant commission income
Iquant will distribute 80% of its commissions income to IQC holders as dividends, and the other 20% will be used for iquant operation and development.
①Requirement：You must hold no less than 1000 IQC；
②How to Distribute：iquant will distribute our commissions income in Mining Area to our IQC holders according to the percentage of IQC they hold (the amount of IQC they hold/the total circulating IQC), eg., if iquant earns BTC, USDT and IQC commissions, we will distribute 80% of our BTC, USDT and IQC commissions income.
Note: if the dividends of one coin is less than 0.00000001, it will be regarded as 0.；
③How to Calculate：From 1:00am to 24:00 everyday, iquant will make a record of the IQC amount every IQC holder holds, and calculate the rewards amount according to the IQC percentage they hold. Rewards will accumulate every hour；
④Distribution Time: The rewards of Day1 will be distributed to your iquant account at 11:00am on Day2(UTC+8);
⑤Duration：From the beginning of official mining to the end of official mining；
⑥Iquant has the right to adjust rules and reserves the explanation right.
Iquant will offer IQC commissions discount for IQC holders according to the amount they hold. Please go to website notice for more details.
- （3）Voting Rights of Listing
IQC holders can participate in the listing voting to choose the project they like. The project needs to hold some IQC if it wants to join listing voting.
Iquant will distribute some airdrop rewards. IQC holders can get airdrop.[/list]
4.ToM (Trade to Mine)
The mechanism of ToM is returning commissions, and iquant will return 100% of the commissions to our users. ToM will stop automatically if all IQC are all mined. The detailed rules of ToM are as follows:
From 0:00（GMT+8) everyday, iquant will calculate the total commissions users incurred in Mining Area, and exchange into IQC 100% ( the exchange price will use average price, eg, for BTC, the average price is the total trading amount/the total trading volume). All the accumulated rewards of Day1 will be distributed at 11:00 am on Day2.
Mining Difficulty refers to the IQC limit that can be mined per account per hour. In order to ensure a balanced IQC output, iquant will adjust mining difficulty according to the total mined IQC and mining difficulty on the previous day. The initial difficulty is 50000 IQC. The time for adjustment is 00:00 everyday. Miners can get the latest mining difficulty from website on PC end.
Iquant will open Mining Area for ToM, and users can join Tom by trading in this area and incurring commission. Non-mining area donot join in ToM.
If you want to join ToM, you need complete LV2 authentication. The commissions of non-authticated users will not be returned.
- （5）Super Miners Community Plan
In order to implement the spirit of freedom in block chain, iquant decide to try communitized management of exchange, which means that we will manage our exchange through our Super Miners Community. We will select our super miners according to their contribution. Super Miners will be selected on daily basis, and will be chose on every Sunday. Super Miners will obtain special medal and will get extra rewards.
During iquant official mining, miners can also get referral rewards by inviting friends to register on iquant. Miners will get 20% of the invitee’s mining rewards. Iquant reserves the right to adjust referral rules.[/list]
5.IQC Release
The IQC created through mining is defined as Mined IQC, which account for 50% of total IQC supply and are non-frozen. The other 50% was defined as “Released IQC”, and are frozen. They will be released simultaneously with ToM. Unreleased IQC will not bring dividends.
Mined IQC：Miners can obtain though ToM, which will be distributed on daily basis.
Released IQC：These IQC will be released simultaneously with mined IQC
6.Time to open ToM
Please keep an eye on notice on official website!
For more details of ToM, please go to website to see our notice.
7.When can trade IQC
IQC will be tradable when official mining open. For more details of the mining pen time, please keep an eye on website notice!
