【Hong Kong, February 25, 2024】Abelian and PQA Labs successfully jointly organized the "Beyond the Quantum Boundary" social event last week, bringing together more than 100 Industry leaders, technical experts and community members jointly discuss the latest progress and future trends of anti-quantum blockchain technology.

This event focuses on the innovative applications of quantum security blockchain, cutting-edge Layer 1 and Layer 2 solutions and stablecoins The guests had in-depth exchanges on hot topics in the industry. The atmosphere at the event was warm, and the collision of ideas stimulated innovative thinking, laying an important foundation for promoting the development of blockchain technology.

Dr. Duncan Wong, one of the founding members of Abel Chain, delivered a special speech at the event , In-depth analysis of how to build a sustainable blockchain ecosystem and an updated token economic model. The optimization solution he proposed will not only improve the long-term sustainability of Abel Chain, but will also further enhance its anti-quantum performance and privacy protection framework, providing more stable security guarantees for the global decentralized ecosystem. ‍

As part of our long-term development vision, we are making key adjustments to tokenomics to further Improve stability, sustainability, and optimize the supply allocation of tokens. These optimization measures not only consolidate their anti-quantum properties and privacy protection frameworks, but also reduce inflationary pressures through sustainable supply release mechanisms and ensure long-term incentives for miners and network participants. The adjustment of this economic model reflects Abel Chain's firm commitment to building a strong, decentralized, future-oriented blockchain infrastructure.

Quartering replaces traditional halving - Mining after the block height is 400,000 Rewards will be significantly reduced from 256 ABELs per block to 64 ABELs. Starting from the second mining cycle, the mining reward will resume the traditional halving mechanism, that is, at the end of the second mining cycle, the mining reward will be further reduced from 64 ABELs to 32 ABELs.

Double the duration of the mining cycle – Starting from the second mining cycle, the number of blocks per cycle will increase from 400,000 to 800,000, meaning the Two miningThe cycle will last for 6.5 years.

Total mining time extends – The mining cycle has been extended from 32.5 years to 62 years, ensuring a smoother and sustainable token release mechanism.

Total supply remains unchanged – the total supply of ABEL tokens remains fixed at 225.2 million, ensuring long-term scarcity and stability of value.

Token supply release slows – Due to the extended mining cycle, the issuance rate of new ABEL tokens will slow down, helping to maintain market stability.

Mining Reward Adjustment – ​​Block Rewards will be reduced from 256 ABELs to 64 ABELs, in line with our strategy to create a more balanced, deflationary economic model.

Abel Link sincerely thanks all partners, speakers and community members for their strong support, making this event a complete success. In the future, Abel Chain will continue to be committed to promoting the innovation and application of quantum security blockchain technology, and work with industry partners to jointly shape a decentralized future. Stay tuned for more latest updates and move towards a new era of blockchain with us!

Abel Chain is a Layer1 anti-quantum blockchain infrastructure, digital gold 2.0, and empowers the post-quantum encryption ecosystem. For more information on the quantum Abel Chain resistant blockchain and the $ABEL token economic model, please refer to our documentation page for more details.

Abel Link welcomes everyone to provide feedback on technology development and upcoming updates. Join us for discussions and learn more, please visit our social media and community channels, click linktree below for details: https://linktr.ee/officialpqabelian