QB Token
As a symbol of QB Wallet, QB Tokens can be stored in several ways, including digital wallet (hot wallet) and cold storage formats and runs natively on Ethereum Blockchain conforming the ERC-20 token standard. NFT Loyalty Program and Credited Transactions loyalty programs are implemented.
A STRICTLY LIMITED TEN BILLION QB TOKENS ARE CREATED WITHIN A FORSEEABLE FUTURE.
The intrinsic value of QB Token is the QB Wallet Platform, a decentralized exchange. QB Tokens is one of QB Wallet Platform’s key base assets and gas to spend. QB Wallet is a crypto wallet and payment app. Users can use QB Tokens to pay the fees incurred on the platform such as exchange fees, withdrawal fees, Listing Fees, etc.
Discounts may apply with the discretion of QB Labs if users use QB Tokens as their means to pay services and transactions occurred on QB Blockchain Platform.
A. QB Tokens Token Economics:
Token Symbol
$ QB
Protocol
ERC 20
Collaborative Blockchain Platform
Polygon
Total Mint
10,000,000,000
Divisibility
Divisible with 4 decimals
Digital Token Identifier (“DTI”): ISO 24165-2: 2021
B. QB Tokens Distribution Pattern:
Loyalty
70%
Founders & Board Members
10%
Private Sale
7.5%
Marketing/Legal/Administration
5%
Operational Expenses
7%
C. Vesting Plan of QB Tokens
i. NFT Loyalty Launch Program-70% 70% of the QB Tokens is available for the general public to purchase and trade while applying its utility functions. The correlation series of NFTs will be created to represent the ownership of QB Token. QB NFTs have four series, Bronze, Silver, Gold, Platinum.
Series Name
Collections (Number of NFTs)
Launching Price (USD per unit)
Total Fund Raising (USD)
Bronze
10,000
$50
$ 500,000
Silver
5,000
$100
$ 500,000
Gold
2,000
$250
$ 500,000
Platinum
1,000
$500
$ 500,000
Total
18,000
$ 2,000,000
Table 1.1 QB NFTs launching program
Series Name
Weekly Reward ($QB Token)
Number of Weeks
Total Reward
Bronze
1,000
100
100,000
Silver
2,500
80
200,000
Gold
7,500
67
502,500
Platinum
20,000
50
1,000,000
Table 1.2 QB NFTs Reward Mechanism and Schedule
Investors can view the QB NFT token limited, listed and upload critical information that will be embedded on the Ethereum blockchain as a smart contract.
Besides after the expiration date of holding period, the QB NFT is not freely trade among other investors. Nevertheless, the real-time value of the QB NFT market price is viewable on QB Wallet Platform and other Blockchain Platform(s) where the QB NFT is listed. The real-time price of the QB NFT is calculated based on the trading activities of QB Tokens and other factors such as the popularity of QB Network, the usage of QB Token, the reputation of the QB Labs, etc.
Investors of QB NFTs are required to hold the NFT for at least 25 months. The funds will be applied to the liquidity pool of QB Tokens on at least three crypto currency and/or defi exchanges. While 12.5% of the QB Tokens will be used for the development of QB Network, the expenses and spending funds are redeemed from the platforms where QB Tokens are listed, so the investors can view the record at their will.
A partial fund raised through QB NFT will be applied to the liquidity pool of QB Token. The fund will be exchanged to fiat currency or stable Crypto Currencies such as BTC, ETH, etc., to serve as part of liquidity pool on at list three crypto exchanges within the 6 months upon the clearance of the fund.
Table 1.2 lays out the number of QB Token to be awarded to the NFT holders. A compliance team will constantly monitor the trading activities of QB Tokens to alert any suspicion transactions and/or malicious crypto currency price manipulations.
After the correlation holding time of a particular NFT has been past, at the investors’ choice, they may either to trade the NFT to another qualified investor(s) at the secondary market or redeem the correlation number of QB Tokens. The QB Token price mirroring the NFT is locked at the time when such investor has completed the purchase of the QB NFT.
The QB NFT will be permanently burnt by locking into a smart contract, unable to be re-release or spent upon the investor choose to redeem his/her QB NFT with QB Token.
As some QB NFT will be burnt, the QB NFT has its intrinsic value to represent the membership of QB Wallet Platform as the value of QB Token may increase overtime.
ii. 10% Founders & Board Members
10% of the QB Tokens will be distributed as team incentives to award team members’ devotion to this project. The duration of the vesting plan is 100 months, and the incentives are awarded based on each member’s commitment and contributions to the project.
Monthly Unlocking (Percentage/Amount of Token)
Duration (Months)
Total (Percentage)
0.5percent/5,000,000
1st to 50th
25%
1 percent/10,000,000
51st to 70th
20%
1.5percent/15,000,000
71st to 80th
15%
2 percent/20,000,000
81st to 100th
40%
Total
100 Months
100%
Table 1.2 Founder and Board Member QB Token Reward Mechanism and Schedule
As stated in the Table 1.2, 2.5 percent (250,000,000 equivalent number) of the issued QB Tokens will be awarded to the appropriate team members during from the first to the 50th month after the QB Token is minted. The 7.5 percent (750,000,000 equivalent number) remaining QB Tokens to be unlocked after the 51st month until the end of 100th month, with 1%, 1.5%, and 2% to be unlocked respectively.
iii. 7.5% in Private Placement
This project has attracted countless investors therefore 7.5 percent (750,000,000 equivalent number) of QB Tokens will be used in private placement.
The price of QB Token will be set at 0.0002 USD each to meet the target fund raising amount $ 150,000.
Similar to the QB NFTs, the fund raised through private placement will be exchanged to fiat currency or stable Crypto Currencies such as USD, USDT, BUSD, etc., to serve as part of liquidity pool on at list three crypto exchanges within the 6 months upon the clearance of the fund.
The Investors of QB Token via Private Placement is required to hold the QB Tokens for at least One Year. However, during the year, such investor will be awarded with free-traded QB Token utility Token as interest.
iv. 0.5% Airdrop & Bounty Distribution
0.5 percent (50,000,000 equivalent number) of QB Tokens are airdrop to the users who have contributed to the QB Platform. Activities that are deemed as “contribution” include:
Inviting Bona-fide Crypto Wallet User to sign up as a QB Wallet user,
Participating in QB Wallet’s investment, deposit, and lending activities, and
Contributing high-quality analytical or review articles which get selected by the admin and published QB Wallet Website and/or social media platforms.
To grow and promote our social media platform and make the strong community for the project.
To create promotional materials like videos, articles, blogs, etc
5% Marketing/Legal/Admin
In order to make QB wallet popular among investors and attract more blockchain users to QB platform, 5% of the QB Tokens are applied to Marketing, Legal and Admin department of QB Labs LLC.
When continuous and regular promotions, advertisement, compliance, network maintenance and other related business activities of this project, under the authorization of the management team, a part to whole of the 5% QB Tokens may be liquidated for the activities mentioned above.
0.20 percent (20,000,000 equivalent number) of QB Tokens are unlocked for 25 months on a monthly basis.
vi. 7% Operational Expenses
The Operational Expenses are applied to the following business operation activities of QB Wallet, including but not limited to, (1) Team recruitment, training, and development, (2) Salary or Wages of Employee and/or Independent Contractors, and (3) ordinary business operation expenses such as rent, server, network maintenance, etc.
0.28 percent (28,000,000 equivalent number) of QB Tokens are unlocked for 25 months on a monthly basis.
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