**[Quai Network Launches SOAP Mining Mechanism]** Foresight News reports, according to The Block, that Quai Network (QUAI) has announced the launch of the SOAP (Subsidized Open-market Acquisition Protocol) mining mechanism, transforming Proof-of-Work (PoW) and merged mining into token buybacks to ensure security. SOAP no longer directly pays parent-chain rewards to miners but instead routes 100% of the parent-chain coinbase output to a protocol-controlled address. This address immediately converts the parent-chain tokens into QUAI on the open market, then either burns the purchased QUAI or allocates it to time-locked staking rewards. Miners continue mining QUAI according to Quai's algorithm (KAWPOW) and earn QUAI as usual. Meanwhile, hardware from the parent-chain can submit work shares to Quai. These parent-chain blocks route rewards to the protocol address. The protocol address sells the parent-chain reward tokens and purchases QUAI. The purchased QUAI is either burned or locked for staking reward distribution.