Open Custody Protocol (OPEN)

The Qredo protocol is a Layer 2 decentralized custodian protocol with compliance and governance controls built-in to its consensus mechanism. On top of the Layer 2 exists a Layer 3 decentralized communications plane that enables conversations to be replicated across all peers instantaneously, yet provides built-in end-to-end encryption for privacy and security. Conversations can be machine to machine, machine to humans, or human to human. QRDO is a utility and governance token for the Qredo Network. We’ve designed a “user-centric” incentive structure that economically favors all network participants to build network effects and drive adoption. As such, the design takes into consideration the incentives required for each participant; including validators, liquidity providers, traders and custody users. Qredo IEO will begin on July 8th, 2021\. The IEO token supply represents 4% of the total token supply, so there is a total of 40,000,000 QRDO tokens available, for 0.5 USD each. The IEO will take place at Coinlist. **Token Reserve Split (96%):** * 22% TEAM; * 21.3% SEED; * 13% ORDINARY; * 11% ECOSYSTEM; * 10% QREDO DISTRIBUTION; * 7.216% PRIVATE SALE; * 4% INITIAL VALIDATORS; * 3.784% TREASURY/RESERVE. * 3.7% ADVISORS. The sale begins on July 8th, 17:00 UTC and has two public options: **Option 1:** * Date: July 8, 17:00 UTC * Price: $0.50 per token * Min/max: $100 min, $500 max * Cliff: 2 months * Release: 0 months * Supply: 30M tokens **Option 2:** * Date: July 8 2021, 23:00 UTC * Price: $0.225 per token * Min/max: $100 min, $1,000 max * Cliff: 6 months * Release: 12 months at weekly intervals * Supply: 10M tokens The registration deadline for the Qredo sale is July 6, 00:00 UTC.