Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Quadency 28 January, 2022. This guest star,
- Rosh Singh — CEO & Co-Founder
Hi All! Rosh here, CEO at Quadency. It’s a very exciting time in the evolution of our platform, and I’m happy to answer your questions today.
What’s Quadency? What triggers you to launch Quadency? How does Quadency work?
Quadency is a multi-exchange crypto trading platform. It started as an idea in 2017 when I noticed the fragmentation of crypto assets across many different exchanges and how that contributed to bad user experience, lack of sophisticated tools for proper management of crypto holdings, and little to no options for easy automated trading. I made it my mission to fix these issues and begin working on Quadency together with my co-founders in 2018, and we launched the platform in early 2019. We’ve grown to nearly 100,000 traders across the globe with integration partners such as Binance, Kucoin, Coinbase and 10 others. We have exciting plans for the future which I’m happy to share about today.
Why Quadency? What are some of problems that Quadency aims to solve? What solutions are offered?
As mentioned above, we have been live since 2019, however we’re entering a new phase of the platform’s evolution — we’re launching a token! But why? You may ask. QUAD token will serve as the foundation of our new revenue model. Instead of charging subscription fees, the platform will be available at a deep discount to QUAD token holders. There are many other benefits of QUAD, you can read more about it here: https://whitepaper.quadency.com/, and here https://quadency.com/quad-token
In addition, we are launching Quadency Exchange, which will offer very low fees and access to broad range of assets from trading. We enable this through unique technology that aggregates liquidity from various sources including centralized and decentralized exchanges for easy, cheap, and fast access. The exchange will be compatible with our existing robust automated trading bots, which have been popular among our users.
What actions has Quadency taken to keep investors and users funds secure? Has Quadency been audited ?
Great question. My background is in technology, and I’ve personally been in the trenches thwarting attacks from hackers. From the very beginning security has been our number one priority and therefore Quadency is built on top of a robust and secure foundation. You can learn more about the security of our platform here: https://support.quadency.com/en/articles/2714901-is-quadency-secure
In addition to the security of the platform, which is battle-tested and routinely undergoes penetration testing, we’re proud to have passed the security audit of the QUAD smart contract. The contract was audited by Zokyo, a prominent name in the blockchain security space. More details here: https://whitepaper.quadency.com/additional-resources/security
Can you share Quadency tokenomics? Also tell us where allocation QUAD tokens?
The tokenomics of QUAD were designed to incentivize holders in many ways.
1. Lowest possible trading fees through a combination of best-price execution and fee-tiers based on your QUAD holdings
2. QUAD will have a decreasing supply over time via quarterly token burns equal to 25% of the revenue generated on the platform, until the total supply is reduced by half. Tokens burned will come from a combination of sources including trading fees paid in QUAD, company reserves, and direct buybacks on the open market.
3. Lockups and Vesting — all QUAD purchased via private, pre-sale, and public sale rounds are subject to vesting periods ranging 3–9 months. Team tokens are vested over 3 years — this is to ensure our longterm commitment to the company and project.
4. QUAD holders automatically earn 64% APY yield in our staking programs, and will have the ability to vote on new features and products.
5. There also will be community rewards available for brand ambassadors and contributors
What are the major milestones Quadency achieved so far and what are in future pipeline?
Unlike many exchanges out there that look and work the same and have terrible user experience, Quadency was built from the ground up with a keen focus on user experience for serious crypto traders. One of the key elements of the platform are the Dashboard, and Portfolio, where users have a holistic view of their entire portfolio in one place. For traders, it is extremely important to know their profit/loss on their holdings in real-time so they can react to market movements quickly and make wise decisions. PnL reporting is a highly valued feature that is available for everyone. We continue to iterate on the platform and it’s features through feedback from our users, and our design and development team is growing to keep up with the demand.
Our focus has always been building — we’ve been building since 2018 and continued building through the bear and bull market. We are ramping up our marketing in addition the planned launch of our exchange in February 2022, which will bring the benefits mentioned above. We have existing partnerships with large exchanges including Binance, Kucoin, HitBTC, AAX, Liquid and many others. We plan to leverage these relationships to create liquid and healthy markets on other centralized exchanges, in addition to of course decentralized exchanges such as Uniswap. Our current focus is global — all territories excluding United States and US-sanctioned countries.
A portion of projects must discuss “long-term vision and mission,but what are your *Quadency”short-term goals? What are you currently focusing on? The first step, particularly the diversion, is always critical in establishing a financial foundation for the subsequent steps?
Current focus is the launch of Quadency Exchange, which is coming up in February! This will be a native addition to the existing platform and offer many of the benefits mentioned prior. Soon after, we will be re-launching our referral program, enhanced incentives program for traders, and industry-best staking/earning program. Much more to come, so keep an eye on announcements.
One of the products of Quadency is Premium Bot. How easy is it for newbies to operate Bot and how is this bot algorithmically programmed to analyse market trends and decide on effective trading options? What are the conditions to use this bot?
We offer many bots on the platform, each with a distinct strategy for accommodating different trading styles. Strategies range from simply DCA (dollar cost averaging) to more complex ones such as Portfolio Rebalancing, Grid Trading, Market Making etc. All are available for free within an easy-to-use and intuitive user experience. Users are free to choose the strategy that’s suitable for them and the market condition at the time.
What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
QUAD will over many benefits to holders, including:
⁃ Discounted trading fees on upcoming Quadency Exchange
⁃ Low cost access to bots on all exchanges, free on Quadency Exchange
⁃ Rewards for market makers and liquidity providers
⁃ Staking rewards for QUAD holders (currently 64% APY)
⁃ Industry best referral and affiliate rewards
⁃ Exclusive access to upcoming Token Launchpad
⁃ Ability to suggest and vote on feature requests
⁃ Many more!
What major partnerships does you project intend to use or how does your project bring its products to the average consumer — especially non-crypto users?
As mentioned before, we already have several key partnerships including Binance, Kucoin, OKX, Liquid, AAX and many others. These partnerships will be instrumental in gaining wider reach for QUAD in addition to DEXs on several chains such as Ethereum, Polygon, and Binance Smart Chain. For non-crypto users, we will be introducing easy onboarding into crypto via fiat onramps supporting many different deposit/withdrawal options.
Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Yes, initial supply is 400m QUAD, 50% will be burned over time through quarterly buy-and-burn program. Details are available in the whitepaper at https://whitepaper.quadency.com
How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?
We’re currently a team of 24, including designers, developers, product and marketing. Core team is based in New York and rest is distributed across the globe.
Where I can get the latest updates or more information about the project?
Sign up for a free account on https://quadency.com and keep an eye on announcements
I am interested to invest in your project. When and where can I buy your tokens? Is it already listed exchanges?
Today is the last day of the token sale, you can buy from https://quadency.com/platform/launchpad/quad
Every project has an interesting story before it is created. what motivates you to build and develop great projects like this ??
I am a crypto trader and investor first and foremost, so it’s important to me that we build from that perspective to help other traders succeed.
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Quadency.
Join our Telegram Group and you can talk directly with other Communities and enjoy some of the events that we created. We are always here to support.