Some questions received by community members recently (and their answers):
Q1: After implementing both protocol and service fees in full, will the entire transaction become billable? According to your tokenology, 80% are not billable. Please elaborate.
Answer: Wallet creations, policy updates, approvals, etc. these are non-billable as on service fees.
Q2: If the community voted to increase burn per transaction to 3 QRDOs, will you accept it?
Answer: We could, but there are things to think in relation to this. Adding high transactional costs would impact some of the current projects building, making Qredo Network less attractive and effectively pushing them out into other blockchains. A debate would need to be created.
Q3: Is the volume from Ankex over qredo for derivative transactions included in service fees?
Answer: Trading volume is independent. Ankex uses Qredo Network for settlements of PNL with its users, not the trading volumes, as it is a derivatives exchange.
Q5: When will ecosystem fund start buying from market?
Q7: When will fees be forced on whole customers? Some customers didn’t pay any cent yet. It looks like not forced yet. Why is that?
Answer (for Q5 / Q7): During Q4 will see the enforcement of service fees to users. From this moment is when all of the mechanisms will get activated.
Q6: When will you announce the roadmap of Qredo? As most of current items have been implemented?
Answer: This is something that needs to be discussed and announced at a later stage this year.
Q9: What will equity investors get? Are they getting 70% of the service fees or what? We need to know what belongs to us what belong to them.
Answer: Equity investors will not get fees directly. This is not how companies work. All service fees belong to Qredo Ltd group. Qredo will tip to the network a % as disclosed.