Token Utility and Details
Last updated
Last updated
QuantDAO's goal is to have a active, responsive, and engaged community. The QuantDAO token ($QD) utility primarily acts as an active governance token directly affecting weekly operations.
The protocol is designed for decentralized ownership. The core concept of QuantDAO is for the DAO to make group-wise agreements leading to the maximization of buyback and burn events.
The QuantDAO token supply was created with 100,000,000 (100M) tokens, less deflationary effects over time. Regardless, only one mechanism for rare, short term inflation, triggered by , can allow the supply to increase, however unlikely. Week to week, deflationary events significantly eclipse any effect QB-driven inflation may impose.
90% LP (90M originally paired with 2 ETH in the genesis liquidity pool)
LP locked until EOY 2025, where upon expiration, LP tokens are redistributed/awarded to stakers in order to fully finalize decentralization efforts
Anti-sniping measures were implemented for the first block following liquidity pool creation and address assets were locked/blacklisted removing XX,XXX,XXX $QD from circulation.
5% External development/extraneous costs
Audits, consultations, partnerships, and miscellaneous operations such as outreach efforts, premium social services, strategic actions, etc
5% Team maintenance salaries
All foreseeable direct development efforts, future short and long-term recruitment (vested 6 months, depending on tenure/contract period)
After the vesting period, the protocol will have made the transition to
Trading taxes are a key element to generating weekly revenues used for the core deflationary thesis of the protocol, which are used to directly reward stakers and/or reimburse bonds.
The token purchase tax is 3% where all proceeds to go the weekly asset vote, whereas the settlement tax to exit the DAO is 3%, paid back in full to stakers. The barrier of entry for those willing to join the DAO remains responsibly low while those leaving award those that are resolute.
As stated within the taxes will likely be lowered over time, as the protocol upgrades.
