Recently I see growing hype around $QRDO. But why does this project have so much potential? I made an in depth research of @QredoNetwork and in this thread you can learn literally everything: Problem&solution, Product, tokenomics, the team and potential. Let's go! 
1/15Qredo is a decentralized digital asset management infrastructure designed to unlock new opportunities for institutional investors allowing them to securely participate in new DeFi innovations.Qrdo eliminates the issue of private keys management and fragmentation of liquidity.
2/15
How it works?
Shares of the cryptographic key are contained in the MPC nodes, which are distributed on the network. This is standard practice
How it works?
Shares of the cryptographic key are contained in the MPC nodes, which are distributed on the network. This is standard practice
3/15
But in most MPC implementations these nodes are typically controlled by the same organization, leaving assets exposed to rogue employees or conspiring cloud providers,
But in most MPC implementations these nodes are typically controlled by the same organization, leaving assets exposed to rogue employees or conspiring cloud providers,
4/15
And here comes @QredoNetwork, the MPC nodes are distributed between security-hardened tier 4 data centers distributed across global financial hubs, and controlled by the Qredochain. So this is how Qredo is solving the problem of centralized private keys.
And here comes @QredoNetwork, the MPC nodes are distributed between security-hardened tier 4 data centers distributed across global financial hubs, and controlled by the Qredochain. So this is how Qredo is solving the problem of centralized private keys.
5/15 Partnerships
Qredo has partnerships with one of the biggest and most known crypto companies such as
@MetaMask
@coinbase
@CelsiusNetwork
@NexoFinance
@DeribitExchange
Hex Trust
Qredo has partnerships with one of the biggest and most known crypto companies such as
@MetaMask
@coinbase
@CelsiusNetwork
@NexoFinance
@DeribitExchange
Hex Trust
6/15
Qredo is also selected as decentralized custodial infrastructure for the Bitcoin Alliance to power bitcoin banking solutions in El Salvador.
Now, let’s move to Qredo’s team leaders:
Qredo is also selected as decentralized custodial infrastructure for the Bitcoin Alliance to power bitcoin banking solutions in El Salvador.
Now, let’s move to Qredo’s team leaders:
7/15
Anthony Foy
has more than 20 years career as CEO, Board Director, and Group Managing Director for VC- and PE-backed companies headquartered in the USA and Europe operating globally.
Anthony Foy
has more than 20 years career as CEO, Board Director, and Group Managing Director for VC- and PE-backed companies headquartered in the USA and Europe operating globally.
8/15 Brian Spector
Chief Product and Technology Officer
Cyber Security expert with over 20 years of experience. Specializes in advanced cryptography
Former founder and CEO at MIRACL – one of the fastest-growing cybersecurity companies in Europe.
Chief Product and Technology Officer
Cyber Security expert with over 20 years of experience. Specializes in advanced cryptography
Former founder and CEO at MIRACL – one of the fastest-growing cybersecurity companies in Europe.
9/15 Josh Goodbody COO
Operational leader scaling the world’s largest cryptocurrency exchanges (Binance, Huobi Global) with 15+ years experience. who was previously working as financial markets lawyer.
Operational leader scaling the world’s largest cryptocurrency exchanges (Binance, Huobi Global) with 15+ years experience. who was previously working as financial markets lawyer.
10/15
Overall the team is really impressive. They bring massive experience to the table and are successfully developing their project.
Overall the team is really impressive. They bring massive experience to the table and are successfully developing their project.
11/15
Tokenomics - a lot of people freak out about massive fully diluted market cap but this is totally irrelevant. Here is why:
Total supply 1b tokens. The number of $QRDO circulating in exchanges and wallets is about 33M.
Tokenomics - a lot of people freak out about massive fully diluted market cap but this is totally irrelevant. Here is why:
Total supply 1b tokens. The number of $QRDO circulating in exchanges and wallets is about 33M.
12/15
So this represents approximately only 3.3 % of the total supply.
Now, you might be thinking that this makes this project insanely inflationary but allocations to investors, advisors, team, treasury are all locked until next August
So this represents approximately only 3.3 % of the total supply.
Now, you might be thinking that this makes this project insanely inflationary but allocations to investors, advisors, team, treasury are all locked until next August
13/15
Tokens will then trickle out through a vesting schedule spanning several years
When Qredo fully decentralizes which is supposed to be in next year, these tokens will be gradually earnt by the community as rebates on fees and inflationary rewards over 50 years
Tokens will then trickle out through a vesting schedule spanning several years
When Qredo fully decentralizes which is supposed to be in next year, these tokens will be gradually earnt by the community as rebates on fees and inflationary rewards over 50 years
14/15
Summing this thread up, In my opinion Qredo has 5 really important factors that might define it’s success as a potential high reward altcoin pick till the end of this bull run, These are
Summing this thread up, In my opinion Qredo has 5 really important factors that might define it’s success as a potential high reward altcoin pick till the end of this bull run, These are
15/15
Solving real and important problem
-Working product
-Backed by big well known established companies
-Experienced team
- tokenomics that will for sure not impact it’s price in next months
Solving real and important problem
-Working product
-Backed by big well known established companies
-Experienced team
- tokenomics that will for sure not impact it’s price in next months
16/15
For me $30 per $QRDO is a no brainer. Maybe we can go even as high as $80-90 in this bull run :)
If you enjoyed this thread about @QredoNetwork like and retweet! Follow me for more :)
For me $30 per $QRDO is a no brainer. Maybe we can go even as high as $80-90 in this bull run :)
If you enjoyed this thread about @QredoNetwork like and retweet! Follow me for more :)
For those interested in learning much more about $QRDO I posted thorough research on my youtube channel
Disclaimer: after watching this you can become even more bullish.
Disclaimer: after watching this you can become even more bullish.
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