Description
QCOIN IS FOR THE WEB3 ECONOMY
Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. QCOIN is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.
QCOIN PROTOCOL
QCOIN is a ƊigiByte governance and utility token used within the ƊGB ecosystem to empower a decentralized community building at the forefront of web3.
As the open-source protocol layer of the ecosystem, QCOIN serves several purposes:
Governance
QCOIN is the ecosystem’s governance token, allowing QCOIN holders to participate in QCOIN DAO.
Unification of Spend
QCOIN is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.
Access
QCOIN provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.
Incentivization
QCOIN is a tool for third-party developers to participate in the ecosystem by incorporating QCOIN into services, games, and other projects.
QCOIN ALLOCATION
The total supply of QCOIN is permanently fixed at 100,000 tokens. No minting capability is exposed through the contract interface, thus the total supply will never increase. Similarly, the contract interface does not expose any token burning capability, so the total supply will never decrease.