Voting period Friday 8th March 12pm UTC / Sunday 10th March 12pm UTC
Snapshot Link: Here
Final Proposal:
As we reflect on the journey of QRDO, our beloved token, it’s clear that it has been the heartbeat of the Qredo Network, propelling us towards our vision of becoming the premier decentralized custody protocol. Despite facing challenges such as market fluctuations and concerns over token utility and supply, we’ve witnessed a remarkable transformation. The QRDO ecosystem is thriving, showcasing significant recent growth and future prospects for all token holders.
We’ve made considerable strides, notably through the massive reduction of token supply, alleviating concerns of market dilution, and enhancing QRDO’s utility as the origin token for groundbreaking projects like the Warden Protocol and Fusionchain. These developments not only secure a bright future for QRDO holders but have also catalyzed the rapid expansion of QRDO staking.
Yet, a pivotal question lingers: What lies ahead for QRDO?
We still believe that QRDO’s destiny is to advance the state of decentralized and open custody primitives. Rather than concentrating on a singular solution, we envision QRDO as the central element for a multitude of successful protocols, serving as both the relayer and as a universal gas token for custodians and key management solutions. This strategic shift promises to significantly boost QRDO’s utility and demand.
Our mission is more vital than ever: to power the future of open custody solutions. To realize this vision, we propose a strategic reallocation of ecosystem resources:
PROPOSAL
Expanded Marketing Strategies
Marketing Reactivation (15M QRDO): A detailed approach to reinvigorate the QRDO brand and community engagement through a multifaceted marketing strategy:
- Rebranding Initiative: A comprehensive rebranding to reflect QRDO’s expanded vision and capabilities. This will include a new name, logo, brand messaging, and a user-friendly marketing website designed to clearly articulate the value proposition of the token to new and existing stakeholders.
- Community Management and Engagement: Expanding our team of community managers and ambassadors to foster a vibrant, informed, and engaged community. This involves regular updates, educational content, and direct support to ensure our community feels valued and heard.
- Collaboration with Key Opinion Leaders (KOLs): Partnering with influential voices within the crypto space to educate and spread awareness about QRDO’s unique value proposition. These campaigns will leverage various channels, including social media platforms and crypto-focused forums, to reach a broad audience.
- Exchange Partnerships and Campaigns: Initiating new campaigns on exchanges to increase QRDO’s visibility and trading activity. This includes trading competitions, buy-and-hold challenges, and other promotional activities designed to attract new users and investors. New listings will also require large allocations for marketing initiatives, which will probably require additional allocations.
- Event Participation and Partnerships: Actively participating in key industry events to showcase QRDO’s advancements and forge strategic partnerships. These efforts will demonstrate our commitment to innovation and the growth of the decentralized finance ecosystem.
- Media Partnerships and Public Relations: Launching targeted PR campaigns to maximize exposure across various media channels. This includes collaborating with media partners to produce compelling content that highlights QRDO’s developments and future plans.
Expanded Development Initiatives
Resilience Development Fund (15M QRDO): This fund is allocated to ensure QRDO becomes the backbone for a myriad of open custody solutions. Here’s how we plan to utilize this fund:
- Protocol Development and Integration: Investment in the development of QRDO as the essential gas token and relayer for various decentralized custody solutions. This includes expanding its use beyond Qredo Network to support permissionless protocols like Warden Protocol and Fusionchain, enhancing QRDO’s utility and market demand.
- Governance, Staking, and Vesting Infrastructure: Funding existing and establishing new, user-friendly governance mechanisms and infrastructures for staking to ensure QRDO holders have a voice in the ecosystem’s direction and can benefit from its growth.
- Third-Party Integrations: Allocating funds for grants and incentives to prioritize integration with key third-party services, enhancing the QRDO ecosystem’s functionality and accessibility.
- Infrastructure Expansion: Development of robust, scalable infrastructure to support the increased activity and ensure seamless operation across all interactions within the QRDO ecosystem.
- Security Audits: Becoming the hub of open custody has its risks. Any development will be required to be properly audited by professional firms.
Since the initial discussions on the content of this QPIP, the requested allocation has decreased by 10M QRDO. The QRDO allocation will be utilised over time, according to the needs that arise in the coming months, rather than being deployed all at once. It’s important to note that the full amount may not be utilized. The actual deployment will depend on the pace at which we drive growth and development, which may necessitate the allocation of additional resources.
Through these expanded initiatives, our goal is to not only enhance the token utility and market presence, but also to cultivate a strong, vibrant community that supports and benefits from the wider ecosystem’s growth.
We also remind QRDO holders, that due to the successful approval of QPIP-5, there is an airdrop allocation of a total of 1M QRDO tokens to voting participants from QPIP-5/QPIP-6.
We are committed to transparency and collaboration, inviting all community members to engage with us as we embark on this exciting journey towards redefining the future of custody solutions with QRDO at the helm.
