ACADEMY
MODULE 11
LESSON 7
Example — QubicBay
QubicBay’s IPO was the first protocol-level launch. It used:
The Dutch auction system
A 3% fee structure (1% shareholder, 2% marketplace)
Burn logic and emissions tracking
A claimable token with on-chain revenue rights
This wasn’t a theoretical demo. It was a real token launch — and it worked.