🪙$QCK Token: Utility, Role and Function

Governance

Governance is a fundamental aspect of the Quicksilver network. QCK token holders can use their assets to vote on critical decisions:

• Onboarding New Zones & Incentivization Proposals related to adding new chains (zones) to the Quicksilver ecosystem, as well as establishing incentive structures for their delegators and validators.

• Community Fund Spending Allocation and deployment of community-controlled funds to support development, marketing, or other ecosystem initiatives.

• Network Parameter Changes Adjustments to the chain’s core parameters (e.g., block time, inflation rates, upgrade schedules) for protocol optimization.

• Network Upgrades Approving major protocol upgrades and improvements via governance proposals.

Through on-chain governance, QCK holders shape Quicksilver’s growth, ensuring decisions reflect the broader community’s interests.

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Economic Security

QCK tokens can be delegated to validators who stake them to secure the Quicksilver network through Proof-of-Stake (PoS) consensus. This delegation process:

• Strengthens Network Resilience More QCK staked means higher security against malicious behavior or potential attacks.

• Rewards Delegators Stakers receive rewards in return for their role in maintaining consensus and validating transactions.

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Fee Payment

Transaction fees on the Quicksilver chain are paid in QCK. These fees:

• Compensate Block Producers Validators and their delegators earn fees for securing the network and including transactions in blocks.

• Maintain Network Operations Transaction fees help prevent spam and ensure that network resources are utilized efficiently.

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Conclusion

The QCK token is central to Quicksilver’s governance, security, and economic model. By voting on proposals, staking to secure the network, and paying transaction fees, QCK holders play a pivotal role in shaping the future of the Quicksilver protocol and ensuring its long-term success.