WhitePaper

Whitepaper

Executive Summary

The QUC Missions System is a groundbreaking blockchain platform designed to integrate decentralized finance (DeFi) and non-fungible tokens (NFTs) into a unified ecosystem where users can engage in diverse missions, earn rewards, and participate in governance. This whitepaper outlines our strategic plan to develop and expand the QUC ecosystem, leveraging the Polygon blockchain's security and our innovative smart contracts to ensure transparency and efficiency.

Introduction

Our platform has been 2 years in the making, the original plan was to create a 3D play to earn game, but we didn't launch at the time because we saw it was more important to do more research into this new market. After 2 years of research we came to the conclusion that trying to establish an economy based on one game is unsustainable, we also found out an error most of the play to earn games on the market have in common, which is minting so many tokens as rewards to attract more users while there is no real utility to there tokens other than selling these token for fiat currency. This is when we came up with the plan of our QUC Network, we are building a media network to act as utility to our token (QUC). The network will be introduced in phases starting with the QUC minting and staking mechanism. QUC Missions System addresses the need for a more engaging and participatory model in the digital economy. By integrating missions directly into the tokenomics, we create a dynamic environment where users can earn tokens through active participation rather than passive staking.

Market Opportunity

Blockchain technology and NFTs have transformed various industries by decentralizing ownership and creating more user-engaged economies. QUC taps into this transformation by offering a platform where token holders not only benefit from market appreciation but also actively contribute to and benefit from the ecosystem's growth.

Project Overview

Technology Stack: Blockchain: Polygon, Smart Contracts: Solidity, OpenZeppelin libraries, Frontend: Vue.js, Nuxt.js, Backend: Node.js, IPFS for decentralized storage. Missions System: Users participate in missions to earn QUC tokens and Missions NFTs. These missions are based on our first novel to be published by our upcoming publishing house and our upcoming 3D game, where rockets are launched to Ganymede moon for mining and trading operations and each user can select the amount of trips they want to reserve on that mission. There's 3 mission tiers, Common(30 days), Rare(60 days) and Legendary(90 days) each of these missions will have a different amount of rewards assigned to them and also Mission NFTs with the same tier Common, Rare and Legendary, every day we launch 1 mission of each tier so 3 in total, users will have 24 hours to join the mission, once the missions launches no one can join that mission. When a user join a mission they will have to burn a set amount of QUC, these tokens while being burnt from circulation for the duration of the mission will be minted again plus the reward amount to each user, so each user will get the QUC that they burnt in addition to their share of the reward. For every trip a user book on a mission they will receive 1 Mission NFT of the same tier as the mission.

QUC Tokenomics

QUC Utility: Payments: For services within the platform, Staking: To participate in missions, NFT Purchases: currently we are using USDC for the purchase of the Mission Permit NFTs (QUCP), but withing Q3-Q4 of 2024 once the missions system mints enough QUC for liquidity, QUC token will be used for all purchases and services on the QUC network, Governance: Mission NFTs (QUCM) holders can vote on key project decisions. Token Distribution: Total Supply: 100 million QUC, Early Users Rewards: 1%, Missions: 99%. we only minted 1 million QUC (1%) to be gifted to early users when they purchase Mission Permit NFTs. This 1 million is locked in the smart contract and will only be available when users buy Mission Permit NFTs. Revenue Model: Revenue is generated from assigning 1% of every mission to the project, this will be used to maintain the project expenses and for future services implementation.

Technical Architecture

Because of the complex design of our missions system, we had to separate the logic of the system into 4 interconnected smart contracts deployed on the Polygon network. Mission Storage contract is where all the missions, QUC and NFT events are stored, QUC contract is the smart contract for the ERC-20 token for the QUC token and it includes the minting, burning and spending mechanisms of the QUC token, Mission Management smart contract and this contract is where the logic to create and join missions, also has the logic to claim mission rewards and staking the Mission Permit NFT to qualify to join missions and also has the logic of minting and spending Missions NFTs (QUCM) as part of the missions rewards. Finally the fourth smart contract is the Missions Permits (QUCP) NFT contract that hold the logic to mint the Missions Permit NFTs (QUCP).

Phase 6 of implementing total QUC network decentralization, decentralization will done done over multiple phases.

Governance

DAO will be implemented in future phases of our roadmap. Our reliance on Mission NFTs for DAO votes instead of QUC tokens is due to the deflationary nature of the missions system.

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