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:
2023-04-03
Tags:
Ticker:
QRDO
Token Strength.
Token Utility:
$QRDO PoS Token: Qredo Network Protocol's $QRDO token is used as the proof-of-stake token for network security. Market Maker Staking: $QRDO is required to be staked by market makers to participate in the Qredo market and earn trading fees. Validator Staking: Validators must stake $QRDO to participate in network consensus and receive rewards. Network Governance: $QRDO is used for governance decisions on the Qredo protocol. Protocol Fees: Transaction fees on the Qredo protocol are paid in $QRDO, creating demand for the token.
Demand Driver:
Market Maker Staking: Market Makers must hold $QRDO to participate in the Qredo Network and provide liquidity, driving demand for the token.
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:
Value accrual to token: $QRDO is staked by market makers and validators, removing circulating supply and thus somewhat mapping the value created. Value accrual to protocol: Qredo protocol captures value via a treasury that is funded by transaction fees and managed by a DAO, which allocates resources for ecosystem development and community initiatives.
Business Model:
The business model for Qredo protocol: Revenue comes from: Monthly fee from custody service users, and trade fee from traders. Revenue is denominated in: USD or Qredo token (QRDO). Revenue goes to: Treasury or is redistributed to validators, with percentages not specified.
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Protocol Analysis.
| Problems & Solutions | Problem: Institutional investors face challenges in securely storing and trading assets across multiple chains. Solution: Qredo provides decentralised custody to institutions, leveraging multi-party computation to secure and trade assets across chains. QRDO incentivises network usage through staking and rewards, with market makers required to stake and hold tokens for added security. |
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| Predecessors | Oasis Network: A privacy-focused blockchain platform that uses secure multi-party computation (MPC) to enable secure and scalable data analysis and processing. Enigma: A privacy-focused blockchain protocol that enables secure and decentralized computation of sensitive data through the use of MPC and secure enclaves. NuCypher: A privacy-focused decentralized key management and encryption network that uses MPC to provide secure access controls for data sharing and storage across multiple nodes. |
Investment Take
... coming soon
Tokenomics Timeline.
2021-07-09
ICO
Qredo launches $QRDO
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