Qredo is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Qredo are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Qredo token by explaining what the coin is about, tokenomics, roadmap, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Qredo?
Qredo is rearchitecting digital asset ownership and blockchain connectivity.
A radical new approach to bring liquidity and capital efficiency to the blockchain economy, Qredo has pioneered the first decentralized trustless multi-party computation (MPC) custodial network. This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access.
Qredo works at the cutting-edge of cybersecurity and blockchain. By utilizing the latest innovations in cryptography and distributed ledger technology, Qredo delivers a powerful global network for securing and trading digital assets.
Who are the core Qredo Team?
Anthony Foy, the CEO, is a Digital veteran and serial entrepreneur. He has 20+ years experience in VC-backed growth companies with 4 successful exits.
Anthony teamed up with Brian Spector, the CPTO, who is a Cyber Security expert and serial entrepreneur with a background in advanced cryptography.
In Q1 2021 Josh Goodbody joined Qredo as the COO – he is a well known operational executive with experience in scaling the world’s largest cryptocurrency exchanges (e.g. Binance, Huobi Global).
What does QRDO Do?
The QRDO token provides a means of utility and governance to the Qredo Network. Qredo is designed to include a “user centric” incentive structure that economically favors the participants of the Qredo Network – driving user adoption and utilization of the network.
The design takes into consideration the incentives required for each participant to drive a network effect. QRDO can be staked with validators and staking yield earned. Unique to Qredo, unvested QRDO are automatically staked and accrue staking yield.
There are 79,682,174.39 QRDO in supply worldwide.
Pros and Cons of Qredo
Pros of Qredo
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Qredo
Cons of Qredo
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Qredo Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Qredo have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Qredo Safe?
Being willing to invest in any token is a question entirely up to you to answer. Qredo token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Qredo on the comment section below. Don’t forget to rate and leave Qredo a review.