We are pleased to announce our next AMA on July 1st 2021 at 11:00 AM UTC Time: Satoshi Club x Qredo
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Qredo Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Qredo Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Qredo
For more details:
Qredo Website – qredo.com
Qredo Telegram – @qredonetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hi QREDO!
I’d like to learn some more details about the QREDO wallet that allows to trade, transfer and take custody of digital assets on a decentralized network. The QREDO wallet allows to appoint an unlimited number of signers, and seamlessly delegate the authority to originate transactions. As I understand Gnosis Safe is your close competitor? Please share what unique features does your wallet have that make it better than the competing solutions. Thank you!
Hi QREDO!
You advertise that QREDO has a secure decentralized custody powered by a consensus driven multi-party computation network. It also eliminates private key risks by using a secure way to share and control access to users’ digital assets. Please share with us QREDO innovative approach to security, how exactly do you work around the need for users to protect and store private keys. How do the authentication and transaction signing systems work without the private keys? Thank you!
Hi QREDO!
I saw your article about the Security Tokens and how they can lead institutional investors to cryptocurrency. You say that security tokens could eventually act as a bridge bringing institutions to the heart of blockchain: Cryptocurrency. Could you please explain what exactly are the security tokens? Do you mean different tokens of multiple blockchain projects we currently have or are they completely different and new entities? What do you think will be the main security tokens use cases for the institutional investors? Thank you!
Users’ privacy and trust integrity is so much important in this kind of services, for Qredo, how would the team handle its security and the safety of your users/clients information given to you?
This is my first time to encountered decentralizing private keys, I saw in your website that Qredo uses Multi-Party Computation (MPC) which implemented using a Threshold Signature Scheme (TSS) in doing so. Can you please explain further how does this work and how safe and beneficial will this be for the project and for its users?
How can I fund my account, do you have a list of available mode of payment and the currencies to be used?
You have mentioned that there is no need for private keys when we use the Qredo wallet. It will be convenient. However, there is a saying, “Not your keys; not your coins”. When Multiparty Computation nodes generate private keys, don’t we have the risk of accessing our private keys by a third party? What kind of mechanism do you use to prevent this threat? Generally, it is our fault if we loose our private key. When using Qredo wallet, do you take that responsibility? If a private key becomes compromised due to a fault in MPC nodes, do you cover that loss? Are there any insurance providers with you to provide financial support in that kind of situation?
According to your roadmap, you are going to recruit strategic validators in Q3. What is the procedure and what have you done so far to choose appropriate validators? Your transition to DAO governance is planned to Q1, 2022. Do you think validators can complete their part in one quarter? Can you explain about their duties and responsibilities? I am asking this because it seems to me that you are rushing towards the goal of DAO governance. Do you think time period between the recruiting of validators and the launching of V2 mainnet is enough to complete all the work properly?
I read your instructions on inviting trusted parties. What are the benefits related to sending these invitations? Does it work as a referral program? Do you offer any rewards to both referrers and Referees? If so, how does it work? How and when will the rewards be distributed? By the way, can anyone join without an invitation from an existing user in the network? If an invitee refuses the invitation, is there any negative impact to the inviter? In order to avoid spamming, do you have implemented any restrictions on resending invitations?
Qredo is said to have messaging capabilities that allow transactions to be accompanied with sender and recipient identities, allowing easy compliance with emerging regulations like the Travel Rule. so how does this messaging capability work, how do you identify and associate sender and recipient with each transaction, what kinds of data and information do you use to identify the sender and receipients of a transaction. The issue of compliance varies across regions so how does Qredo adapt to compliance demands across different regions.
It is stated that In Qredo V1, all MPC nodes are controlled by the Qredo team, and that this control will be gradually relinquished to the community in a secure step-by-step process. with work on V2 already in progress, how do you intend to transfer total control of all nodes to the community, what will be the procedures and processes, what will be the requirements for community members who intend to own nodes in Qredo, and when do you intend to begin this transfer of nodes..
one of the most common problems of the decetralized world that Qredo intends to eliminate is the ” PRIVATE KEY RISK” which if eliminated will provide users a more Secure way to share and control access to their digital assets. so what kinds of risks associated with private keys does Qredo eliminate and how do you eliminate this Private keys risks in Qredo
Qredo platform claims that is capable to interact with Bitcoin and ether assets, so Qredo is only compatible with Bitcoin and Ethereum chains? Or are you compatible with other EVM based chains as BSC and HECO?
❤️ I read that the MPC has the intrinsic features the usage of the typical private keys, so can you explain us how this is able to do that? Apart of it, this way of work is more safe that use Private keys?
As I read in your medium article, there are 7 line of defense for the security of Qredo. However, I recognized in the 4th line “Global Node Distribution”, Qredo nodes are distributed among 6 different cities (New York, Chicago, London, Hong Kong, Singapore, and Tokyo) around the world. What was the reason of choosing specifically these cities? Do you plan to extend this number in the future or is this secure enough?
In an article published on your medium page in November 2020, you claim the solution to blockchain’s million-dollar problem (a very controversial and catchy title, kudos to you) is to fully decentralize private key management. However, no matter how intricate the solution, everything made to fix a specific problem can be considered experimental. I can see this be proven in your platform’s launch, where I could note you plan on having different versions of your mainnet. Having said this, I would like you to please let us know the potential risks of using your platform. Also, in case something does go wrong with your strategy, what are your backup plans and emergency responses, and how do you plan to make users’ safety the top priority of your platform?
What is the future of the private keys? Private keys are the way how people can secure their assets but everybody knows it is not the best. What do you plan to replace or even make better the system?
Why should people open a Qredo wallet? I mean there are already common, popular and also compatible many wallets in the market such as Metamask, TrustWallet etc… What extra do Qredo wallet offer to make people leave their existing wallets and start to use Qredo wallet as their main wallet?
Qredo has a lot of data centers distributed around the world, Hong Kong, Tokyo, Singapore, London, Chicago and New York, but some of these places are very strict with cryptocurrencies, so Qredo has its legal terms on day?
I was researching about the Qredo Partner API which allows authorized partners to create applications with the Qredo protocol, I’m not a programmer, maybe most of us aren’t, but can you tell us for what type of applications is useful your protocol? Do you have some examples of the potential partnerships that can use the Partner API feature?
I was looking the instructions for doing Atomic Swaps on the Qredo Network and all seems very technical and professional, but this can be a disadvantage for the less experienced users, tell us please … is this feature for every type of users within your platform ? Do you plan to simplify the process to make exchange of assets with a simple click?
Qredo looks like a very interesting network where Dapps developers can use to build, but do you offer any particular SDK o API to hel these developers?
In Qredo,Validators are node operators who each store a copy of the blockchain and must perform certain functions to keep the system secure.How many Validator slot does Qredo plan to launch on its platform?Why are Validators important to Qredo?What will be the responsibilities of a Validator in Qredo?What is the comission rate of a Validator on your platform? I really want to know Thanks.
On your documents regarding to the architecture of the platform it says that the Qredo blockchain uses consensus rules to map the cryptoasset address to Alice’s wallet through the MPC. I would like to know if these consensus rules are already defined in the project and if you could mention them, also exactly what will be the mechanisms by which the cryptoassets will arrive at Alice’s wallet? I would also like to know about the fact that the balance in the database key increases as more funds are added, what benefits would this bring to users and how can your developers use this to upgrade Qredo platform?
The version 1 (v1) mainnet launched late October, just as DeFi was starting to mature from its experimentation phase to a global phenomenon. And you plan to launch Qredo mainnet Version 2 soon.What brought about this new version? What will be the difference of Version 2 from 1? What does this new version holds out for users?
We now have a situation where individual investors can freely interact with DeFi from retail wallets, while institutions operating under a larger set of constraints are locked out. They are deprived of the ability to borrow, lend and stake in DeFi, and prevented from quickly executing time-sensitive trades. This forces many asset managers to adopt a passive buy and hold strategy instead of capitalizing on volatility and yield-earning opportunities. Can you tell us your target customers? What type of projects and use cases are best suited to leverage Qredo infrastructure?And can you give us a typical example that can help us understand how Qredo will meet institutional standard with infrastructure.
One of the pillars of the architecture of your project is related to crypro currency, where you mention something called “The Node” which recurs on an external cryptoasset network and keeps a copy of the underlying chain, one of the functions of The node is to allow the monitoring of payments in and out of Qredo, I would like to know how the node works to achieve this? What are the currencies currently supported by the node? Can this node connect with others external to the platform and finally if this is the final version of the node or on the contrary do you plan to launch a new version soon that supports more crypto currencies?
HI Qredo
Going through your article especially your Layer 2 network,i tend to wonder How do Qredo plan to convince asset manager that access cryptocurrencies using Layer 1 blockchain such as Bitcoin, Polkadot etc to use Layer 2 network on your project? And with the much competition going on in the Layer 2 space.Do you have any competitors?If you do,who are they?And what is so magnificent about your project from your competitors? Thanks
Community is integral to any blockchain startup.How do you plan to get the community to be involved in Qredo? Does Qredo plans on launching any ambassador program,developing dapps on your platform?How what will be roles of this ambassadors?
In Qredo V1, all MPC nodes are controlled by the Qredo team. This control will be gradually relinquished to the community in a secure step-by-step process leading to the fully decentralized promised land. What are the step by step process?Will the Qredo Version 2 be controlled by the team or will the community have control over it?If users are allowed to control MPC in Qredo Version 2 will they need to set up Validator node?Can we have a sneak peak of what the Version 2 holds…
Qredo’s MPC is currently the only consensus-driven in the world, can you tell us about this, and what are the benefits and functionality of the MPC?
How can Qredo solve structural problems of the industry caused by the lack of liquidity and this in turn prevents operations in the financial market, what strategies can it apply to solve this considering that the lack of liquidity can be caused by external factors?
Qredo is still in the process of execution, but once completed, how will the process to incorporate it into the cryptographic market be, or will it be owned exclusively by Qredo Network?
I read on your white paper in the KEY FEATURES section specifically in the COMPLIANCE AUTOMATION section, that a fund manager sets up a fund on the Qredo blockchain, fills it with deposit wallets for different types of assets, allocates merchants and custodians to each type of layer 1 wallet and that the number of custodians and the threshold of signatures required to approve a transaction is extremely flexible, I would like to know how flexible are the requirements to be able to approve a transaction? Could you explain to us how do you consider that this system can comply with the commercial approval flows that are more complex?
In the Qredo token paper in the Tokenomics section you say that you have designed an “user-centered” incentive structure that economically favors all network participants to generate network effects and drive user adoption of the platform. Qredo, something that seems quite interesting and very attractive. I would like to ask, how can users participate in the platform to receive the incentives offered by Qredo that are both beneficial for users and the platform? Could you tell us a little more about the incentive structure that Qredo plans to implement? And in what way does Qredo intend to consider the incentives as well as the liquidity providers, custody users, validators and merchants and in this way to be able to motivate the Qredo community to allow a greater growth of the platform?
Could you tell us about how Qredo has grown in the market, i.e. how it started and everything you have achieved so far and of course tell us about the plans you have for the future with this project, what makes it a good long term investment for users?
How is Qredo’s economic system different, what elements make it secure, transparent and reliable for users, tell us about all this and what mechanisms do you use to protect the value of QRDO?
I researched on Apache Milagro project that provides core security infrastructure for the decentralized networks & distributed systems. Qredo also contributed to the Apache Milgro project. What is the purpose for contributing with Apche Milagi project except core security infrastructure system? Why do you need core security infrastructure protocal? And also you mentioned, Qredo MPC ( Multi party Computation) is an open source, open to public secrunity. What is the security condition of MPC? Is it audited? Can Any one build own Dapps powered by the Qredo network? What are the tools your network own to provide in building Dapps?
How has Qredo designed a decentralized custody system, since the word custody in essence makes reference to a third party? I would like to know, how have you achieved a secure and trustable custodial algorithm that doesn’t involve trusting a third party
Qredo’s Public Token place will start on July 1st. Regarding to that point I would like to clarify some points about purchasing $QRDO:
-Where will the state take place, is it a place with enough se urity requirements?
-What would be the minimum and maximum amount to buy per buyer?
-Do you have any antiwhale measures?
I think that with that information clear many from the community will feel more confident to buy!
You said, The network is run by an open, distributed network of Qredo Validators that operate multi-party computation (MPC). So how will this protocal leads to open source, DAO in future? What is the speciality of MPC, supportive to the cryptography? And you mentioned about validators. Who are these Qredo validaters? Are they like mineres? Are they consistent of Qredo community or Qredo Developers?
I have read that the Qredo network is constituted by two cryptographically linked protocols, could you please give us some information about this, how important are these protocols for the project and how they benefit the users?
the token is important, so could you tell us the details of your tokenomics, tell us, about your token, what are the main use cases, how many ways to generate more of these exists in the Qredo network, how investors can acquire it for the first time, what powers it gives with respect to the decision making of the project and any information you consider important to share with those present related to it?
You point out on your website that since the invention of cryptography, the greatest cryptographic advance is to implement multiparty computing (MPC), but could you really tell us what it is? is it really an algorithm, a mechanism, a protocol or what? And is this used in all blockchain projects, or only a few like Qredo?
I was able to read that despite the benefits that MPC provides, it may also have a counterparty risk, so could you give us more detail about this possible risk? Will it be a risk of operation or is it vulnerable to cyber attacks?
Blockchain came on the market showing itself to be a super secure technology against cyber attacks, but as time passed, this security was diluted, so many projects propose to completely privatize blockchain and DeFi, do you think this will be the only way to guarantee security? Or with Qredos it could be achieved without implementing privacy?
You point out that Qredo is a “NEW RADICAL INFRASTRUCTURE”, but could you really tell us about its characteristics that make it a “RADICAL” infrastructure, which cannot be found in other blockchains?
I understand that they are developing a totally innovative network called “Qredochain” which is a Layer 2 network, but really apart from providing the security that Blockchain actually requires, it also provides the best benefits of speed, low security rates and interoperability between chains? or will they only focus on security?
I could read that they relate a lot to Qredo with Bitcoin and satoshi, I understand that at the beginning it was what inspired its founder to expand into the crypto world, but apart from that, does Qredos have any similarity in its chain with the Bitcoin network?
You mention that with Qredos you will be able to obtain “Safe and fast movement of digital assets”, but we really do not get that and even in greater proportion with other networks in DeFi such as BSC? If not, could you show us a comparison between Qredos and other networks to validate their superiority?
I understand that you are developing a blockchain that focuses on improving and ensuring security in DeFi, but are these features really fully adapted to all existing products in DeFi? such as NFT tokens, stakes, yield generators and more?
There’s a link in relation to your community section in the website for accessing to Apache Milagro, “a core security infrastructure for decentralized networks and distributed systems”, can you tell us their role on your security system and what what’s the importance for your community?
For your exchange feature, I see the users will be able to choose between creating a Dedicated Wallet or a Multiparty Wallet. Can you explain the difference between each one? And what assets does them support?
Another feature of the Qredo Network is the Organisation Account, which allows multiple users to be added to an account and allocated different roles and features. Also emphasized is the fact that, a user can belong to multiple Organisations and assume different roles. Been that these organisational accounts are set up for varying functions, what are the available roles an individual can play within the organisation account, is there a limit to the number of persons that make up an organisation account, and from a security angle, can users without an assigned role be able to influence security structure and administration of an organisation account?
I heard about Qredo’s public token sale is to be hosted at COINLIST on 08th of July. What is your trageted Hard cap & Soft cap in Public sale? Will there be a minimum investment of $QRDO public sale? There is a news about a restriction for the residents of US, canada & China. We know , those countries are crypto banned/ restricted countries. But can’t they use a vpn to participate $QRDO public sale? Will you allow to residents of US, Canada & China those who use VPN to participate?
The Qredo Network token $QRDO, is best described as a user-centric token which fuses functions of utility and governance designed to reward all network participants. The $QRDO as stated, is tailor made for Layer-2 solutions, offering rewards to all users through a model of fee-based and inflation-based compensation to drive aggressive rewards. With such unique token functionality, can you briefly explain the $QRDO compensation models as mentioned above, and as a governance token with 50% of it’s 2 billion total token supply allocated to community, how will these community tokens be efficiently distributed to the respective stakeholders and what are the vesting periods?
What is the QREDO market entry strategy? What investment plans do you provide to your clients? What distinguishes QREDO from other launch platforms?
Hi!!!
I am a little unclear as to the role of the treasury fund in the whole process. What function do they serve that the validators, market makers and liquidity providers cannot.
Thanks
Ian
Hi Guys!!!
How does Qredo Finance Ltd, whom seed investors of course got equity in make its money from the Qredo wallet/cex/defi hub.
What part of this generates income for the parent company.
Thanks!!!
Ian
75 Basis points per month to hold assets on Qredo does not sound appealing as opposed to using a trust wallet or holding private keys myself. How can you effectively incentivise people to hold on Qredo?
If I have say 5 Eth I dont want 0.75% per month eroding away and being rewarded with a native token from the site but it seems as if this is the system you guys have.
1. There will be measures taken on a macro level in the upcoming years, which would attempt to classify crytocurrency speculators, developers and defi users as VASPS, has qredo taken measures to easily be able to incorporate measures like this in the scenario that they do become legitimate?
2. How does QREDO Differentiate itself from the COSMOS blockchain specifically?
3. What motivates the developers at QREDO to wake up every day and work on the project? 😀
Qredo operates 6 validators. Typically, the validators that will deal with the processing of blocks are chosen at random. However, their selection is influenced by a number of points. In particular, this is the age of stake, the state of the node itself, the number of tokens that have been locked. How are validators selected for Qredo and what factors are taken into account? I would also like to know what programs are developed for validators and what rewards they receive? Are you planning to increase the number of validators in the future?
Will the qredo team launch a token burning program in the future ?
Today I received an alert from CoinList about the Qredo Public Sale, which will take place on July 8th. Can you tell me how I can take advantage of this invitation from CoinList and participate in the Qredo Public Sale? What conditions do I need to fulfill and what information about myself will I need to provide?
While studying the information about Token Sale Qredo, I noticed one value – CLIFF, which is in Option 1 (2 months) and Option 2 (6 months). I have not seen a similar parameter. What does this mean and what do the terms that are assigned to CLIFF in each Option mean?
Qredonetwork is a decentralized custodian protocol that allow user to transfer blockchain asset, but i read that you have unique system name with MPC (Multi Party Computation), can you describe how MPC work in your system?
Community is integral to any blockchain startup and i read Qredo now are looking for Qredonians who want to help lead the charge. Im really interested to become QRedonians but what are the requirement to become one of them? And what is the benefit for me after become one of QRedonians? What are the reward?
I read on your light paper there are 3 main Unique selling poin that QRedo provides that are: Decentralised self-custody, Cross-chain liquidity and settlement and last is Ability to replicate corporate financial governance structure on-chain. Can you explain what is the meaning from crosschain liquidity and settlement? How thats can give benefit for user?
Q: how can the protocol be decentralised if it is under the umbrella of the parent company?
Q: what is the specific role of markerdao in the protocol?
Q: Could you explain for what the funds raised in ICO are being used for?
Both Brian and Anthony worked together for many years at Workshare – What was something that you worked on there that you are proud of?
What do you think is the greatest strength of the project?
Can you Explain like I am five Decentralised Custody?