Tokenomics Hub

Qredo

Cover Image for 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.

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