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Published Apr 7, 2022

By Qredo Team

Qredo Monthly Update: March 2022

Welcome to our monthly roundup of all things Qredo!

In response to community requests and to provide more regular information about how the Qredo project is evolving, here is our monthly recap of Qredo Network activity and highlights.

NETWORK 🌐

Tokenomics update

Qredo has achieved some big things since the QRDO token sale in July, but there has been some concern from token holders and the community about our tokenomics. We decided to address this in March, launching a range of measures and some exciting new features.

Taken together, these will dramatically reduce the existing QRDO total supply by 140m through 2022 (14% of Total Initial Supply).

Indeed we started putting this plan into action on March 29th when we burned 40m QRDO as part of the innovative new Validator NFT program.

See all our tokenomics initiatives here.

Qredo stats 📊

Total number of Qredo Wallets: 60.3K
MoM growth in AUM from MetaMask Institutional (MMI) integration: 30x (3,000%)
MoM growth in MMI addresses: 158%

Can you still enjoy the Qredo Auto-Staking Bonus? Oh yes....

That’s right, our 3 Month Deposit Bonus Staking program, launched in February, runs until the end of April. You can still stake QRDO and earn 20.2% APY – valid for both new and existing deposits.

💸 DEPOSIT NOW AND EARN!

PRODUCT 👩‍💻

Roadmap update

Supported by a healthy warchest from recent funding rounds and a growing team, we’ve updated the Qredo roadmap.

This will see us further refining Qredo Network with new features and improvements, and continuing on our path to decentralization. Read more
Download Qredo Roadmap as a PDF

Qredo-MMI integration – Out of beta!

Launched in October 2021, Qredo’s beta integration with Metamask Institutional has been a great success, giving professional investors a secure and efficient way to engage with DeFi.

The beta program has now ended and we’ve entered into full production. There’s a special introductory discount with fees at 0.0% until June 10th for funds and professional traders who want to try out the leading DeFi access solution.

📺 Want to see the Qredo-MMI integration in action?

Watch John McCane-Whitney, Qredo Director of Product, and Phil Langfelder, Director of Customer Development, in this webinar demonstration:

Qredo achieves SOC2 compliance

Our commitment to setting the highest standards in institutional-grade custody took a step further with the Qredo securing SOC2 Type 1 certification.

New L1 native support on Qredo

We also welcomed Solana and Cardano to the Qredo ecosystem last month. These are the latest coins that can be now held, transferred, and swapped on Qredo’s Layer 2 network.

You can see the current list of assets currently supported by Qredo here, with Polkadot, BNB Chain, Avalanche, Fantom, Terra, Near and over 60 ERC20 tokens in the pipeline.

LISTINGS 🚀

Continuous growth in QRDO listings raises awareness of the token, increases market depth, and improves access to new investor communities in different countries.

New March listings include:

Huobi

COMMUNITY 🥰

AMAs are an important part of our program of engaging with, and building community, Here’s a recap of our March activity:

QredoTokenomicsAMA - March 25th

LittleDogs AMA - March 24th

Huobi AMA - March 21st

Coin68 AMA - March 16th

Crypto.com AMA - March 15th

MMI Webinar - March 10th

Qredo & Clearpool AMA - March 8th

LAtoken AMA - March 3rd

More events coming soon! Watch our feeds (Twitter | Telegram) for details

💡 Our community is very important to us and we’re always listening to your feedback and ideas. Anything you’d like to see from us?

LATIN AMERICA 🌎

Qredo sponsors Bitcoin education in El Salvador

As you may know, we’re excited about Latin America's potential as a global crypto hub.

In El Salvador, we’ve been involved with our partners in supporting a new generation of blockchain-friendly banking solutions, and in November helped organize the country’s first Bitcoin Bankathon.

In March, we were very happy to sponsor the classes delivered by the educational non-profit MyFirstBitcoin. They’re doing great things at a grassroots level to educate Salvadorians about Bitcoin.

JOIN THE REVOLUTION 💼

Dan Burke joins Qredo from BitGo

We were delighted to announce that Dan Burke, based in Singapore, has joined the team as Head of Qredo APAC. He brings a wealth of trading and crypto experience and will play an important part in building out Qredo's global footprint.

Dan’s 10 reasons for joining Qredo

#Buidling

We’re growing fast and recruiting for a wide range of different roles.

With over 115 employees already, Qredo is a remote-first team that prizes skill, creativity and collaboration. See if there’s a role that suits you or someone you know:

See Qredo open positions