🚨 Alerts 🚨

QuaiSwap Theft of 400K Quai

📅 March 12, 2025

QuaiSwap suffered a theft of approximately 400,000 Quai (~$50,000 USD).

🔍 Investigation:

• @T_BALLER6 suggests the theft was carried out by someone with "access to the QuaiSwap wallet."

• @QuaiSwap Statement:
  
  "We are investigating and believe it may have been a rogue developer. Steps will be taken to ensure this does not happen again."

🔧 QuaiSwap's Proposed Solution:

1. Deploy new QSWAP and POOP token contracts.

2. Holders can migrate to the new contracts based on balances at block height 612700.

3. Stolen liquidity will be replaced from QuaiSwap’s own funds. Users may sell if they wish.

4. Golden Age migration is over.

5. The airdrop is over (for now).

📝 QuaiSwap Apology:

"We sincerely apologize for any losses and are actively working with the exchange and investigating all leads."

📌 Source: QuaiSwap on X

🚀 Quai Network Updates

Quai Builder Sprint

Quai Network is launching a two-week Quai Builder Sprint to accelerate dApp development.

📅 Phases of the Sprint:
 📍 Phase 1 – Quai Builder Sessions (Week 1)
 ✅ Daily Developer Office Hours (10 AM CST on Discord)
 ✅ Live Q&A, project demos, tutorials on EVM-based dApps
 ✅ Testnet QUAI allocations

📍 Phase 2 – Ready, Set, Launch! (Week 2)
 ✅ Developers deploy their applications on Quai Network
 ✅ Co-marketing support (social media promotions, community engagement)
 ✅ Potential mainnet QUAI for deployment

💡 Focus Areas:

• DeFi Lending Markets

• Universal Wallet Connectivity

• Payment Infrastructure

📌 More Details: Quai Developer Documentation

🎉 Wave 2 & 3 QUAI Distribution Begins!

$QUAI pre-mainnet rewards are now being distributed!

💰 Reward Breakdown:
 ✅ Testnet & Giveaway Rewards – Fully unlocked 🔓
 ✅ Social Rewards (Galxe, dashboard) – 25% unlocked now, 75% vested over 24 months

📌 Claiming & KYC are now closed.
 📌 Source: Quai Network on X

🌎 Quai Network’s Latest Media Highlights

📢 QUAI Now Tracked on CoinGecko – Real-time QUAI supply tracking now available!
 📢 Why Trump’s Bitcoin Reserve Is Letting Down His Crypto Backers – Analysis by @0xalank on Sherwood News.
 📢 Should THORChain Have Processed Bybit Hack Funds? – @0xalank weighs in via The Defiant.
 📢 LiveNOW from FOX – @0xalank discusses Trump’s executive order on a U.S. Bitcoin reserve.

📌 Source: Quai Network on X

🔗 New Feature: Liquid Mining Token (LMT) Support

Quai Network now supports Liquid Mining Tokens (LMTs), allowing miners to lock PoW rewards for up to 12 months and earn up to 25% extra yield.

💡 How LMTs Work:

• Miners lock rewards in an LMT smart contract (3, 6, or 12 months).

• Receive LMTs, representing claims on locked rewards.

• LMTs are tradable for instant liquidity.

• Quai Network adds a data field to coinbase transactions for LMTs.

• Teams like Lithium DeFi are integrating LMTs into the ecosystem.

📌 Learn more about LMTs: Quai Network Docs
 📌 Protocol-Native Lockups Guide: Mining Lockup Guide

📈 Exchanges

QuaiSwap

• Latest updates and liquidity adjustments following the security incident.

🎨 NFTs

Quai Miners – Minecraft Server Now LIVE!

🎮 Play on our Minecraft server!
🖥️ Server IP: play.quaiminers.fun
 💬 Holder of a Quai Miners NFT? Join our Discord to access the server.

📌 Source: Quai Miners on X

QuaiMark – Disperse Feature Now Live!

QuaiMark introduces #Disperse, a tool for distributing $QUAI or tokens to multiple wallets at once.

🔗 Try it here: QuaiMark Disperse
 📌 Source: QuaiMark on X

Quai Beast – NFT Supply Reduced!

🎉 Good News!
 ✅ Supply reduced to 555
 ✅ New price: 49 $QUAI
 ✅ Mint now: Quai Beasts Minting
 ✅ Early minters (99 $QUAI) get 1 FREE NFT!

📌 Source: Quai Beasts on X

📢 Stay Connected!

Follow Quai Network (We’ll have Quai Pulse up soon!!) on social media for the latest updates and announcements:
🌍 Website: Quai Network
🐦 Twitter/X: @QuaiNetwork
 💬 Discord: Join Quai Discord

📩 Subscribe for more updates! 🚀