Qtum Secures $1 Million in Funding on January 9, 2017

According to industry sources, Qtum received $1 million in funding on January 9, 2017. Investors in this round included Bo Shen, Anthony Di Iorio, Xiaolai Li, and Chen Weixing. Following this transaction, Qtum’s total cumulative funding reached $16.6 million.Qtum is a smart contract platform utilizing a Proof-of-Stake (PoS) consensus mechanism to validate transaction blocks and provide security assurances. The project is built on the Bitcoin Core architecture to ensure network security and stability and operates using the UTXO model. By integrating the Ethereum Virtual Machine (EVM), Qtum enables the execution of Turing-complete code required for smart contracts and decentralized applications (dApps). The platform also features a middleware component known as the Account Abstraction Layer (AAL), which ensures compatibility between the UTXO set and the smart contract execution layer.From a development perspective, Qtum raised $15.6 million via an ICO in March 2017 and officially launched its mainnet on September 13 of the same year. According to its latest roadmap, Qtum is scheduled for a halving event on November 30, 2025, at which time the block reward will decrease from 0.5 QTUM to 0.25 QTUM. Meanwhile, Qtum’s annual inflation rate has been reduced from its initial 1% to the current 0.5%, reflecting ongoing optimization of its token economic model.