Concise Overview
QuantDAO’s mission
Another DAO? Really? With this one, members are actually in control. The aim is to reduce the supply of $QD tokens by buying and burning them every week from investments.
How though?
Token holders pick assets to invest in each week. Profits from these tax funded investments are used to buy back $QD, which is then destroyed.
Wdym bonds?
Bonds let purchasers earn at least 2.5% each week. While they can cause inflation, under most circumstances, they help to reduce $QD supply.
Inflation? Inflation is bad!
Inflation can happen and can be a good thing for QuantDAO, but is likely exceedingly rare. While possible, over time, these inflationary events won't make a dent in the long term deflationary effect.
Taxes, really?
It's more of an investment in and of itself to reduce the supply. Every buy, every sell, in the end, ultimately destroys $QD. There’s a 3% tax when you buy and a 6% tax when you sell.
Does the team skim the taxes?
Nope. All tax revenues are used for protocol mechanics, less savings reserved for transaction and petty ongoing costs, which are rolled into the next cycle and ultimately utilized.
Future Plans
Multichain maybe? Problem is bridges and networks change nuances all the time and makes publishing autonomous contracts a pain. Lots of advancements have been made to make these more straightforward, but we'll see.
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