Quarashi will use a hybrid model to token economics: the issuance of innovative utility tokens that are not fungible like Quarashi tokens and the traditional approach used by most blockchain-based projects, based on staking. The nature of highly innovative utility tokens can present undesirable collateral effects for their community. The short lifespan makes the majority of stakeholders unable to correctly evaluate its evolution due to the domino effect and creates considerable inflation risks for holders. Our goal is to lighten these effects through a policy of controlled output in order to strengthen our confidence in the value of our project.
The Quarashi ecosystem is based on the belief that community support gives projects that can change the face of society and make it better. This is why Quarashi have created a mechanism to reward the community for their support through our token QASH. Although there are many other tokens that delegate rewards to their supporters, Quarashi's strategy seeks to avoid inflation by basing the reward on economic parameters according to their dynamics. The economic index used is not exclusive and we empower users to suggest new mechanisms that may promote sustainable growth.
The Quarashi token will rely on institutional support, to be sustained, but it will be supervised by the community of Quarashi. For example if the community will not reach X million tokens, a reward system like that in traditional entities might come into force.
The Quarashi token is the fuel for the Quarashi reward ecosystem and can be used to sponsor new talents, or commission work from professionals.
Quarashi tokens will be used by people from all walks of life, from celebrities and sports superstars, to small business owners and regular Joes. With the definition of entertainment as a lifestyle integrated into the subculture of celebrities and sport stars, Quarashi will revolutionize all aspects of the entertainment, making it easier for people to enjoy all forms of entertainment from news and information to music, TV, movies and sports.
Quarashi QSR is a new cryptocurrency that has been created with a dual purpose in mind: to serve as a token of value, and to be a reward for all the social activity of each user both on the Internet and offline.
Quarashi uses a two tier masternode/staking reward scheme. This differs from conventional blockchains that award new tokens to staking nodes based on the number of coins being staked. What this ultimately means is that the rewards are both inflationary and more frequent, but Quarashi's masternodes are required to vest for 1 year before any rewards are paid out.
There's more to Quarashi than just producing a great platform for music, artists and audiences alike. Behind the scenes, the Quarashi team is working to create an economy that stimulates growth and development, where everyone is motivated to produce and perform their best work.
Quarashi is a support group that offers a stable, secure and decentralized platform for personal transactions. Assured by the immutability of the blockchain, Quarashi will be an economic paradise where individuals can trade safely, transparently and securely. It will offer the most attractive products from the varied world of e-commerce, promoting the convergence of classical marketplaces with those that exist on blockchain technology.
Quarashi uses a purpose-driven philosophy, which can be seen in their raised capital through an Initial Coin Offering (ICO). The company intends to use the funds for its growth and development. In the short term, investors can expect the announcement of collaborative partnerships within the crypto community.
For More Information:
Website: https://quarashi.network/
Facebook : https://www.facebook.com/Quarashi-Network-101478615449502
Github : https://github.com/quarashi-network/
Medium : https://quarashinetwork.medium.com/
Telegram : https://t.me/quarashinetworkofficial
Youtube : https://www.youtube.com/channel/UC0AZmP1lAMjFg8mud10gw5g/videos
Author
Bitcointalk Username: Ryoko Kenshin
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3398199
BEP-20 Wallet Address: 0x7aB0483F92b56c1B43e37f03fa5782Ffdcf1A4B4