Qidax, following its prosperous launch on July 26, 2020, this morning released another sublime news – Qidax Pass, a platform currency grand debut on Ethereum Network ERC 20 chain, serves as the pioneer digital currency of Qidax exchange.
The incipient crypto token, known as Qidax Pass (QDP) was officially on-chain on August 8, 2020 at 8am, with a limited total circulation of 1.5 Billion volumes. The initial release price of QDP was 0.15 USDT.
Three of QDP distinct features include: 1. Discounted commission fees, 2. Entitlement as shareholders of Qidax exchange and 3. Fixed deposit income.
According to Qidax, QDP holders will enjoy a fee discount when trading on the Qidax platform. Traders can relish up to 10% off the maximum fee discount!
QDP holders are entitled to be the platform shareholders starting from basic level up to 1,200,000 QDP as an honorary shareholder of the Qidax exchange. The most attractive benefit being the shareholders is, users have the opportunity to enjoy fee dividend earned by the exchange, up to 70% of the fee dividend.
Another unique feature of QDP is fixed deposit income. The fixed deposit lead time is 99 days where the total daily release of QDP fixed deposit ratio ranges between 0.2% to 0.5% QiToken (QT). From 100th days onwards, there will be release of 2% QDP for a period of 50 weeks. At the same time, the release of QT can be re-converted into QDP, thereby multiplying the endless looping benefits.
Similar to the current major mainstream exchanges, QDP adopts a repurchase destruction mechanism. The quarterly platform commission fee acquired by Qidax exchange will be used to repurchase the QDP and directly channeled into the Black Hole address for permanent destruction. This will significantly reduce QDP liquidity, thus greatly increase the value of QDP.
According to the forecast of several senior blockchain crypto experts, predicated on the limited release of QDP and its bountiful offers, the issuance price of each QDP on 0.15 USDT may seen an expeditious soar to 1USDT. Qidax users unanimously said that the prospects for QDP is very optimistic.
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