/biz/ - Business & Finance

What does it do?

>>55923728
Qredo has a monopoly on institutional crypto wallets.

>>55923847
How?

And what does the token do? Like is it used for... what? Is it burned? Spent?

>>55924090
The token is needed and a crucial part of the project.

its needed so that the VCs can turbo dump all throughout the bear market. its needed so they can throw small bones to the plebs still bagholding by implementing "tokenology" (they used this term lol) that alleviates the supply dilution that has occurred and still will be occurring. Frequent use of rocket emojis, whimsical language and announcements for announcements etc. Sound like a solid buy yet, anon? At best buy this shit in 6-9 months. These hyperniggers are not done diluting and they are setting the path for more dumps with the typical "staking lockup" schemes right now. Mint a gorrilion tokens, burn 1/5 of a gorrillion. Wow very generous, very cool kanye etc.

>>55924843
>Frequent use of rocket emojis, whimsical language and announcements for announcements etc
Say no more, I'm in.

Can’t believe I bought this garbage, another vc scam

>>55924843
>>55926144
Qredo held various rounds with the cheapest round being the private sale selling tokens for $0.1525 each.
We're literally squeezing the VCs right now.
Kevin must have known something when he listed Qredo on Coinmetro, the only thing he got wrong was the timing, he however mentioned multiple times that he wasn't buying yet while Qredo was over 0.10, he's probably buying right now, we possibly can't go any lower than a 0.3x for VCs.

>>55926983
VCs who sold less than 5% of their stacks at half ATH are still in profit so they aren't at 0.3x. Or are you attempting to claim in good faith that they diamond handed held down 99.3% from being over 50x up at ATH?

>>55927038
There were no VC unlocks at ATH, the unlocks started after the initial dump, around $2.5 unlocking started, there was a very limited time frame to sell above $0.5.
Coinmetro doesn't list shitcoins, I have blind faith in the team.

>>55927102
So where did the tokens that were sold at ATH come from? They weren't mined.

>>55927118
There is "market maker mining" and they receive rewards.
Other sources of token are rewards, ecosystem and public round 2.
Public round 2 was $0.5 per token, which is presumably why it somewhat held for a while at $0.5.

>>55923287
Shitcoin scam with a fancy website, don't buy this garbage.

>>55927173
>Shitcoin scam with a fancy website
>fancy website
You already had me at >>55926044, but now I'm going all in.

>>55924090
kek I remember when this was getting shilled here two years ago and the most obvious question that comes from this project being a FUCKING WALLET is why tf does it need a token? The answer good sir is… IT DOESNT

>>55927260
It's not actually ONLY a wallet, but in the current state, yes it is.
The idea is to enable self custody trading on CEX.

>>55927260
It's THE institutional wallet, institutions have no other option but to use Qredo.

>>55927155
All of this feels like obfuscation to hide the fact that the team minted themselves 11 figures worth of ERC-20 tokens.
>>55927355
Explain why institutions will not use in house solutions?

>>55927703
They can't, Qredo has a monopoly on institutional wallets.

>>55927807
Qredo - institutions powered by walletnomics

Chloe "Kuro" von Einzbern

>>55929308
Just to be clear, you meant Chloe "Qredo" Von Einzbern, right?

>>55929341

>>55929421
I am not a footfag however, but thank you for thinking of me.

>>55929492
So this does nothing to you at all?

>>55930429
Well now that there's 2 cute girls involved I would be lying if I said it didn't...

>>55930489

>>55930537
Extreme smug levels reached.