QuarkChain will take a snapshot for token distribution on May 13.

On May 13, QuarkChain will take a snapshot of token distribution to record balances ahead of the upcoming vote on the network's transition to Ethereum's second-layer solution.

The results of the snapshot will determine the right to participate and the weight of votes in the subsequent decision-making process.

Information about QKC

QuarkChain is a high-performance next-generation blockchain platform designed to solve the scalability problem, which is one of the main issues facing current blockchain systems.

QuarkChain uses a two-level structure. The first level consists of independent blockchains (shards) for processing transactions. The second level, the main blockchain (root), confirms the blocks of these shards. QuarkChain supports transactions between different shards. With this structure, QuarkChain can ensure high throughput, processing thousands of transactions per second.

The project token is called QKC and is used for governance, fee payment, and participation in the ecosystem.