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Open Custody Protocol (x Qredo)Open Custody Protocol (x Qredo)by0xe5e4dE6c6d95b82A4029053D73D44562B08b44460xe5e4…4446

QPIP-3 ADJUSTING QRDO PROTOCOL FEE AND BURN

Voting ended over 2 years agoSucceeded

The QPIP-3 proposal aims to adapt the protocol fee burn ratio within Qredo Network to maintain an appropriate balance between the transaction cost and the price of QRDO tokens. The current protocol fee, which burns 2 QRDO per transaction, was established when the QRDO token was valued at $0.05.

With the price of QRDO now at $0.03 per token, this proposal suggests increasing the protocol fee (and therefore, the burn ratio) to 5 QRDO per transaction.

Off-Chain Vote

Yes, increase to 5 QRDO per tx
4.8M QRDO99.9%
No
2.5K QRDO0.1%
Download mobile app to vote

Discussion

Open Custody Protocol (x Qredo)QPIP-3 ADJUSTING QRDO PROTOCOL FEE AND BURN

Timeline

Oct 19, 2023Proposal created
Oct 24, 2023Proposal vote started
Oct 26, 2023Proposal vote ended
Oct 26, 2023Proposal updated