8th Qubic Steering Committee Bi-Weekly Update

Steco Governance

New Hires

• We welcomed @senhs, our new video content creator for marketing

• @shedingdog joined the marketing team as our latest technical content writer

Technology Update

• Team Expansion: We have successfully finished the current hiring phase for core developers. Notably, fnordspace will join the team on November 1st.

• CCF Smart Contract: The new CCF smart contract is running smoothly, with further development underway.

• Tech AMA: A session on transactions, transfers, and how to use Qubic event logging.

• Updates: Several improvements were made to the wallet, explorer, and Qubic tools.

Key Achievements:

• Optimised network stability and core score performance.

• Successfully rolled out new mining parameters and revenue algorithms.

• Introduced extended logging with dust-burning reports and security deposits for solution transfers.

• Achieved one of the fastest non-seamless epoch transitions (~14 minutes).

Marketing Update

• Brand Narrative: The collaboration with Serotonin on Qubic’s brand narrative is complete. The Growth & PR Kickoff has launched. The team is experimenting with campaigns across target locations and the Qubic team will be presented several media opportunities over the next weeks. 

• Qubic Academy: Documentation is in progress.

• Events: Part of the team will attend "The Merge - Crypto Conference" in Madrid, where we will meet David Vivancos to discuss Qubic AGI. Additionally, a Dubai meetup is scheduled for October 30th with community members, investors, and partners.

• Engagement Performance: Qubic content is exceeding industry standards, with 91% of posts having over 5% engagement on X and articles achieving an average engagement rate of 9.2%.

• Campaigns: Upcoming marketing campaigns are planned for Asia, in partnership with Bitkan and Blockbeats.

• UPoW/dAI Roundtable: Crypodeighs hosted a roundtable on X where he was joined by Alber representing Qubic, and representatives from Octaspace, Dynex and Commune AI.

Grants Update

• Projects in Progress: Ongoing work continues with our current grant projects.

• Next Batch: A new round of grants is expected to be launched after November’s Hackathon.

Hackathon Update

• Barcelona Hackathon: The event has been postponed to maximise impact. We are considering Madrid as a better location to attract top companies and developers. The plan for November is to make it easier for developers to participate and focus on a more targeted Request for Proposals (RFP) approach.

Partnerships Update

• Token 2049 Insights: Team members, including Foley, Alber, and Eric, connected with key partners such as MEXC, Gate, and Bit2Me while also forming new relationships with Ballet, Bybit, Bitmart, OKX, Ledger, Fireblocks, and others in the DeFi and infrastructure sectors.

Ambassador Program

• New Opportunities: The Ambassador Program will offer dedicated community members a chance to earn recognition as official Qubicans.

• Timeline: Official launch date is soon!

Community Update

Upcoming Events:

• Madrid Merge Event: Featuring Alber and David Vivancos.

• Hong Kong Crypto Conference: Eric will represent Qubic, offering 30 free tickets to the community.

• Lisbon Event: Eric, Alber, and Tiger will attend.

• Dubai Investor Meetup: Organised by CryptoDeighs and Eric, with limited free spots for community members.

• Pilot Investor Relations Roundtable: Scheduled for mid-October, targeting high-net-worth individuals.

Roadmap Update

Objectives and Bets

• The team is planning a Q3 Roadmap review on the 14th October.

Governance

The proposal for allocating 8% of weekly QUBIC emissions to the Computor Controlled Fund (CCF), which serves as a treasury to support the growth and development of the Qubic ecosystem, has been made. 

Summary

• Purpose: It acts as a funding pool for Qubic-related projects, development, and community initiatives.

Mechanism

• Any Qubic project, developer, or team can apply for funding from the CCF.

• Funding requests are managed through a smart contract, where 'computors' (miners) decide on the allocation of funds.

Examples of Fund Usage

• Airdrops: If approved, one could receive QUBIC tokens for distribution.

• Salaries: The core development team could apply for salaries.

• Listing Tokens: Individuals like "Mister X" could get funds to list the CFB token on  exchanges.

• Marketing: Funds could be requested for promotional activities like exhibitions.

Adjustment

• Computors can adjust the 8% weekly QUBIC emission at any time, ensuring sustainable funding without overwhelming the supply.

This system aims to democratically distribute resources within the Qubic community for various growth-oriented activities.

As always, we encourage the community to stay engaged and follow our progress closely. Stay connected in our Discord and Telegram.

Next Update: 14th October 2024

What is SteCo?

SteCo is the governance body of Qubic, elected by the “quorum” to ensure network security and streamline activities that drive Qubic’s growth. Our mission is to pioneer advancements in the blockchain and AI domains. We look forward to your participation in our upcoming AMA session and to sharing more exciting developments with you.