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.
Type:
Layer 2
Token Strength
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Our Take
- Qredo goes beyond regular PoS tokenomics by requiring market makers to stake and hold tokens.
- Aside from that the token is not really embedded into the application hand lacks real use or connection to the business model.
- Most token allocations are vesting over the coming year.
- Qredo has got some good partnerships including MetaMask
Deep Dive
- The first 1 billion is issued (partially vested) over the course of two years. A second billion $QRDO tokens will be distributed to network users via inflation over a runtime of 50 years to incentivise network usage.
- The allocation to investors is unusually high.