Cube Network

2022: Cube Network launch

Jake Stolarski, CUBE Technical Committee Member

Brian Benson, Chief Operating Officer, Cube Labs, June 2022

Brian Benson: The launch took place two weeks ago, from that moment the Cube Network received a huge number of positive reviews: the number of addresses in the testnet (test network) exceeded 1.3 million. Since the launch of the main network, more than 20 organizations and institutions, including Wallet,,, Huobi Global Coinbase Ledger Poly iToken and Capricorn have supported Cube Network.

Tell us about your business model and project tokenomics.

Brian Benson: Our economic model has several main characteristics:

First, after pledging the tokens, users can choose to vote or earn the revenue to separate the voting right from the revenue right.

Secondly, we have created a community pool that performs two functions: to stimulate developers of decentralized applications, as well as this is a charitable foundation to help more vulnerable groups of the population who want to enter the world of Web3.

Third, unbalanced collateral revenue - the longer the users stack, the higher the revenue. This will encourage more users who continue to support the project.

The fourth is the chain control mechanism.

What do you think are the options for applying Cube in the industry?

Jake Stolarski: As a high-performance, EVM-compliant public network with low gas charges, we can support almost every business in the blockchain industry. Therefore, applications such as DeFi, GameFi, NFT, Metaverse, and so on can be deployed on the Cube network. With our interoperability and developer reward mechanism in our economic model, we are very developer friendly and welcome all kinds of projects to deploy on the Cube Network.

You say Cube is designed to solve traditional blockchain problems. In your opinion, what problems of existing blockchains hinder the development of the industry? Do you see a solution to these problems in the foreseeable future?

Brian Benson: The explosive growth of GameFi, DeFi and NFT has led to exponential increases in transaction volumes in these networks. Early public networks failed to meet users' needs for responsiveness or cost-effectiveness. For example, the Ethereum network takes about 10 minutes to complete a transaction during peak periods, and gas charges can reach several hundred dollars.

Now our developing industry is concerned about solving the so-called blockchain trilemma. It is widely believed that in terms of decentralization, security, and scalability, decentralized networks can provide only two of the three properties at any given time. All industry players, including us, are trying to find a solution to this issue.

To meet the needs of the industry, Cube uses high-performance Tier 1 blockchain as the basis for addressing blockchain expansion, offering users an efficient, low-cost and secure trading environment. According to the current architecture, Cube can handle about 3,000 transactions per second. We expect this to exceed 5,000 by the end of September 2022.

Tell us a few words about the team and who works for it. How much does the team contribute to the success of the project?

Brian Benson: Our team members represent many countries and regions, including the United States, Russia, India, Singapore, Vietnam, South Korea, China, and so on. We hope that Cube's inclusive and international vision will help it develop faster and more efficiently, and at the same time establish contacts and cooperation with users and institutions around the world.

Almost every crypto enthusiast talks about the upcoming introduction of blockchain technology into everyday life. How do you assess this prospect? What is Cube's role in this coming world, where blockchain will be everywhere?

Jake Stolarski: The blockchain industry has seen many success stories like cryptocurrency, GameFi and DeFi. With the breakthrough in technology and the development of Web 3, we believe that blockchain technologies will be applied in more scenarios. We are confident that Web 3 is the future of the Internet, in which blockchain and public networks serve as the main technology and infrastructure, respectively.