Qredo
Qredo offers decentralised custody to institutions. Multi party computation enables securing and trading of assets across chains. $QRDO is used to incentivise usage of the network, for staking and staking rewards.
Categories:
Layer2
Updated:
2022-12-20
Tags:
Ticker:
QRDO
Token Strength.
Token Utility:
PoS token, deposit as backing for market makers.
Demand Driver:
Main demand comes from market makers having to stake token to assume the role of market makers.
Value Creation:
Target institutions, it offers MPC custody of tokens secured by a PoS L2 blockchain and allows cross chain trading of synthetic assets with settlement on L1 when required.
Value Capture:
$QRDO needs to be staked by market makers and validators, creating demand for tokens with growth of the ecosystem.
Business Model:
Takes a monthly fee from users of custody service and a trade fee from traders. Fee is given to treasury / redistributed to validators.
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Protocol Analysis.
| Problems & Solutions | Qredo goes beyond regular PoS tokenomics by requiring market makers to stake and hold tokens. |
|---|---|
| Predecessors |
Investment Take
... coming soon
Tokenomics Timeline.
2021-07-09
ICO
Qredo launches $QRDO
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Allocation and Emission.
No calculation connected
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Resources.
Author.
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