<Meet Quota!> Pre-Launch : Whitelisting
After months of intense research and product development, we are pleased to inform you that the QUOTA Protocol is finally ready for launch! Here’s a short teaser on the protocol but more importantly pay attention to the launch date.
Abstract
Since, the value of anything is dependent on its market supply/demand, and as current data shows that market sentiment and protocol adoption is directly correlated with network effects largely driven by community; A successful new digital asset protocol and its monetary policy must allow for scalability of adoption through maximizing ecosystem participant incentives whilst allowing for a decentralized, transparent, and autonomous governance system. This system should allow for the identification of problems and deficiencies identified by ecosystem participants, controlled by said participants. We are proposing QUOTA protocol, a community network effect driven protocol which allows for participation and incentivization at a granular level across all ecosystem participants and stakeholders, with rewards and incentives for participants at all levels of knowledge depth. This article starts to explain some of the design principles, functionality, features, and other details behind the QUOTA protocol’s core contracts.
Meet QUOTA
QUOTA boasts a completely unique DeFi ecosystem that is native to Polygon, with a long list of features. Protocol features include but are not limited to:
- NFT Membership Referral System:
The World’s FIRST NFT membership based multi-tier referral system that is completely unique in design and fully-decentralized by putting the entire system on-chain. This referral system functions as a membership system which allows for pseudonymous referrals by using the NFT as a referral ID and key. Mandate of referral rewards are logged and stored within the NFT meaning that it allows for the right to the rewards of those referrals to be stored in the authority of the NFT. This in turn gives a yield from referrals to be owned by the NFT and not a single wallet. - An NFT Factory/Issuer:
Which allows users to directly issue their NFTs themselves based on their respective membership TIER requirements/criteria. - AAS:
An automatically adjusted elastic supply which aims to reach price/supply equilibrium by contracting or expanding the supply based upon the market price comparison of the token to one of the world’s best performing market indicators, the S&P 500 Index. This autonomous algorithmic supply correction is intended to lower the volatility curve of the asset whilst allowing ecosystem growth contribution and stake based incentive mechanisms. - The Philosopher’s Springs:
A perpetual staking pool that is fueled by ecosystem growth and asset market performance. This is intended to not only serve as an incentivization tool for LPs but, also intended in game-theory design to act as an additional autonomous buffer for combating immediate surges in inflation/deflation. - The QUOTA Launchpad: (Coming soon…)
A fully functioning token launchpad that is community driven. Meaning that all protocols go through due diligence and approvals through proposals via community governance through the subDAO that governs the Launchpad, called the BetaDAO. - The AccelDAO: (DAOpaper coming soon)
An investment DAO and accelerator which governs the DAO treasury pool for investment allocations towards projects admitted to the Launchpad via the BetaDAO. - Decentralized Community Governance: (DAOpaper coming soon)
A fully decentralized on-chain community governance system that controls virtually every element of the protocol’s smart contracts and their parameters. - Bonds Program: (Coming soon…)
QUOTA bonds are a financial primitive tool for users to sell their LP tokens(Sell their liquidity) back to the foundation in exchange for 4.0 tokens at a 10% premium to the market price. In other words, QUOTA Bonds provide a 3rd party pricing mechanism for any paired liquidity for the 4.0 token and the other tokens used to provide liquidity. So a pricing mechanism without an oracle for the LP tokens. - Fair Distribution:
Decentralization of supply through initial fair distribution with no capital raised via private institutions or private sales.
To attract a large and vision-aligned community to steward the future of the protocol and token, 4.0 tokens are being distributed in the spirit of fair distribution rather than giving the founding team a portion of the supply. This means there will be no pre-mine, no founder shares, and no VC interests. Instead, equal-opportunity staking will be used.
50% of the total supply of 4.0 tokens will initially be divided equally among eight 50/50 staking pools, including WBTC, WETH, USDT, LINK, USDC, MATIC, UNI, GEN, and Uniswap V2/QUICKSWAP LP tokens. These pools were chosen on purpose in order to target both a sizable portion of the DeFi community as a whole as well as particular communities that have a track record of active governance and a thorough understanding of complex tokenomics.
After the initial distribution pools are launched, 3 other secondary 4.0 token pair Uniswap pools will be used to reward liquidity providers with perpetual rewards. By using this pool, Uniswap’s TWAP-based pricing oracle will be able to gather the data it needs for AAS computations.
We have a much more thorough article that will be released in the next few days so stay tuned. More than that we wanted to get our community ready by announcing the start of whitelisting and our official launch dates.
Our official launch date is set for November 29th, 2022 at 12pm UTC!!!
We apologize to the few members of our community who were expecting us to launch this week as we had originally planned. But, after going over final deployment scripts and bug testing our team has decided that it would be best for quality control if we were to launch a week later than we had originally planned.
We’ll be back soon with more updates.
QUOTA : DISCLAIMER
QUOTA is a full-range DeFi Protocol, which includes tiered NFT membership levels, staking pools for yield-farming, and an equilibrium seeking synthetic currency controlled by an AAS algorithm (Automatically Adjusted Supply). The reference point for its EP (Equilibrium-price) is derived from the current level of the S&P 500 Index value.
QUOTA is not an investment product. QUOTA is not intended in its design or distribution to be utilized as a form of investment, speculation, or as a financial product. No information herein constitutes financial advice. PLEASE do your own research before participating in the QUOTA platform. Neither the QUOTA team nor any representative affiliate of the QUOTA team will ever solicit investments.
To learn more about QUOTA, Visit our website or social channels below.
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