Hello community,
Our main focus for the XQN wallet itself is a stable and resource light wallet, easy for the normal user and advanced enough for the hardcore staker.
We believe we have done this, and a time specific date will be given within 15-30 days on when we will release it.
Most of what we want to do, doesnt exist yet so we actually need to build it all ourself.
What we will do with this, is building the services/features on layer/network on top of XQN blockchain,(offchain until we figured all out) and this will be further expanded to the Quantum Service infrastructure network.
Coins which will be represented in this network is for now Crave, which we will re-brand to Crypt-Os.
The purpose of this network is acting as cross chain service hosts (Service nodes) to provide all services amongst Quantum Net.
These nodes will have hardware requirements instead of the need for locking coins down.
Quantum Net is a very futuristic and long term program, what we do have is what we believe is the framework we need to start building it on.
What do we need to get there?
Time, coders and funds.
We can do it alone, but that would likely take 5-10 years or more to complete.
We are actively looking for more coders looking for long term projects to join, we already got some top notch coders on board, but the magnitude of what we are wanting to build can probably never have enough coders.
Like we have mentioned, we have set up incentives for coders who do deliver, and taking some team role.
XQNPOSFUND is one of this tools, but its primary function is to work as a multi market liquidity feature, where we at same time reward token holders in our unique closed loop system.
A max profit loop for holders/stakers.
We also have mentioned the creation of new assets.
The "new" asset XQN-Micro Bankings is actually the oldest and main holdings, and is the asset that will back XQNPOSFUNDS 10 BTC guaranteed value.
If XQNPOSFUND should fall under 10 BTC value, XQN-Micro Bankings will add other coin/s to add up. When price goes up again, non base coins is returned to XQN-Micro Bankings.
This asset already holds bigger values than XQNPOSFUND, and is what is driving it all today.
It will generate incomes from more activitys than just passive staking, and will be a lot more actively, but still fair and ethical looking for mid risk investments in all markets of digital trade/exchange services.
A complete whitepaper will be made, but there will be a low amount of initial tokens available for purchase.
Not more than XQNPOSFUND
(ALL CRYPTO CURRENCIES WILL BE ACCEPTED AND USED FOR THE BEST OF THE ASSET) staked/traded/sold etc.
Price and distribution model not determined.
Either a set price each token, or a donation based crowdfunding.
It will not be made additional tokens of this asset, but after x months you will be able to burn x amount of XQN for 1 asset/token.
The payout currency is determined by a voting system, where its possible to vote for ANY currency as payout and also to do multiple currency
This will be a burn for vote, and XQN coin will be used.
This asset will be made public when we have all our tracking needs covered, and full transparency on all funds/trades/exchanges/wallets along with all possible live stats on performance of the various departments within the fund.
As promised, XQNPOSFUND holders will receive some free tokens when we launch it, in the future that will apply for all new asset/tokens made in the XQN umbrella for both XQNPOSFUND and XQN-Micro Bankings in equal splits.
XQNPOSFUND will be re-structured for more transparency, we have selected a group of coins who have performed relatively stable to defend the 10 BTC value. It will now consist of 7-10 Coins, where the staking addys/holdings addys for each coin is claimed on block explorer or given signed msg from wallet. It will be the same coins forever, unless some events makes it needed to change any of them.
DMD,VNL, and RADS are some of the choices.
We have realised we cant deliver XQNPOSFUNDS features like we wanted in an automatic way for quite some time, so we need to do it as easy as possible via the OTC thread.
The way we want it is to split the posfunds revenue in two lots, one goes to an in-wallet auction where you bid BTC for the coin lot you want. (EX:DMD)
If the winner bid is 1 sat, that is the price for the lot, you know in advance how many coins in the lot ofc.
The second lot goes to OTC shift, an instant exchange from XQN to the coin you select at 10% market discount..
Exactly how shapeshift works, exept only for XQN to the offered production of XQNPOSFUND.
While we are working on these and other things, we will need to do it manually via our OTC thread, and we are happy to inform that a community member has agreed to manage the OTC department for now, and update all coin amounts, and reply/exchange details for trades.
New positions we have gained lately, theese are all for longterm holding/trading:
ETH
XMR
MAID
BTS
BLITZ
CLAM
BURST
QORA
Each position varies from 0.2 BTC-1.5 BTC
There are also other coin/projects involved, but we are not ready to reveal who/what atm.
XQN is not a one man show and will be visible who we are, what we want and why at latest when official companies gets made to each specific Project/sub-project.
XQN, the only financial gateway you need
Happy staking/OTCtrading!
IW
