QUI Market Mechanism
The mechanism of the QUI market mechanisms with its supply and demand
The participants of Quinoa protocol are users who invest in fund product, the strategist group DAC making the fund product, the borrowers and lenders of NFT Fund loan service, the DAO members who propose and vote for the governance, and the developers and of the protocol.
Supply
QUI is the ERC-20 token that incentives the all participants to act for Quinoa ecosystem. To facilitate the good act for the ecosystem, the protocol benefits the contributors including sQUI holders, the lenders of the NFT loan service (for now) and liquidity providers.
Demand
QUI is a utility token for being used as a collateral of NFT loan service and a collateral for the investment vault setting by the DAC. Fee is collected from fund product purchasing and harvesting and NFT borrower's borrowing transaction.
After initial liquidity supplied, the token is paid back to the sQUI holders from the market by the protocol treasury.
Distribution
Max Supply : 100,000,000
Ecosystem: 33%
Liquidity Incentives: 31%
Team : 20%
Fund raising: 10%
Initial Liquidity: 4%
Advisors: 2%
The emission for liquidity incentives are for currently asset lenders to NFT loan service and sQUI holders. The token emission rate can be changed by weekly governance to increase QUI price by slowing down the new supply rates smaller than the QUI being used and locked.
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