Even though the crypto currency industry has gained widespread acceptance and made many individuals wealthy, we still witness unequal and unfair distribution. The only option to give people monetary power or redistribute wealth in the cryptosphere now is through a socially inefficient deflationary strategy and an unfair tax intrade.
If universal social capitalism is constructed without taxes in trade as a fair and incentivised alternative means to make money for everyone by giving financial and democratic power to anonymous social beings, it can shift the money distribution in the cryptoverse.
Solution is Qindo!
What is Qindo?
Qindo is a project that aims to provide everyone in the cryptoverse with fair and equal profits. It is compatible with the alpha and beta networks.
The project will include a mechanism that can have an impact on any crypto community by underlying your own NFT with your own fungible in order to balance with the community an NFT-based index fund that will be utilised as over collateral in an NFT-based P2P lending system (underlying NFTs with lending claims and debts). The index fund is capped at ETH, and the underled value in NFT is automatically rebalanced, and your augmented NFT can be traded via the Qindo interface.
The mission of this project is to build a universal social capitalism without tax in trade as fair and incentivised alternative way to make money for everyone by giving financial and democratic power to anon social beings whatever its holding to regulate financial powers.
The first network allows you to earn perpetual $QINDO-based passive incomes by linking your NFT to your social network profile and giving relative-difficulty-based unlimited upvotes to your favourite content creators, or simply by holding $QINDO, thanks to a first-of-its-kind Proof-of-Social-Utility algorithm that functions as a disinflationary social farming system.
By underlying your own NFT with your own fungible tokens redeemable at any time, the second network allows you to communally drive an NFT-based index fund utilised as over collateral in an NFT-based P2P lending system.
How to work with Alpha Network?
● Connect with a web 3 provider and a web 2 authenticator.
● Link an NFT to your own profile or publication.
● Use a $QINDO — based unlimited upvote system in an NFT social-API-based search engine with a relative difficulty in use built by the Proof-of-Social-Utility algorithm that differentiates votes from the candidate (A) and from tiers (B).
● $QINDO upvote quantum for receiver : Q = (∑B+1)/(∑A+1)
● Social Score for receiver : S =(∑A+1)*(∑B+1)
Profit from the Qindo disinflationary Proof-of-Social-Utility algorithm, which allows you to earn $QINDO from tiers users via a positive reflection process or by receiving $QINDO based upvotes and earning $QINDO over time via a negative reflection method.
● Daily $QINDO claimable reward for tiers upvotes and per upvote given : R = 1/Q
● $QINDO reflected reward for $QINDO holders per upvote given by the community : P = Q/3
● $QINDO available reward to claim for upvote received from tiers and by burning S : C = Q/7
How to work with Beta Network?
● Underlie your NFT with custom fungibles set lock.
● Community underlying token weights balance an index fund.
● You can buy a share of this index fund with ETH and underlie your NFT with it.
● Each time someone buys a share with your share is rebased if the balance has changed.
● Use an underlied face as non custodial collateral you want to borrow without term and liquidation risk.
● Add a share as over collateral and choose your interest rate to attract lenders.
● Lend by underlying an NFT with a claim.
People are becoming poorer as a result of inflation, and newcomers are becoming less productive as a result of deflation. Simple trade taxes and holding-driven redistribution schemes failed to produce a fair system in an anonymous sphere. This project will create a disinflationary social capitalism without trade taxes by using NFT and social-network-API-based Proof-of-Social-Utility methods to create incentivised solidarity systems and a monetary system based on self-regulated democratic and financial authority.
● Social Promotion
Use $QINDO in an NFT-and-social-network-API-based permissionless upvote system.
● Social Harvest
Right to mint $QINDO in time for ever rewarding $QINDO users.
● Social Staking
See your $QINDO balance growing each time someone uses $QINDO
● Social Farming
Burn your upvote score linked to your NFT to get your share of a $QINDO reserve
● Social Reflection
Utility-driven reflection stabilizes total supply by impacting holders and reserves when $QINDO is burnt and mint.
● Social Pool
equest money from your friends and track your activity in a friendly way
● Social Lending
Use a Communitary Elastic Index Fund and your own NFT to lend and borrow as never before
● Social Legacy
Trade your NFT in Qindo interface and track their 4 augmented values (collateral, claim, future reward, social score)
Trade your NFTs on the Qindo interface with the average future $QINDO perpetual social yield, monetizable social rank, loan claims, underlied tokens, and collateralized funds, or merge augmented NFTs. Through the QINDO interface, who you are and what you do in your community will truly push the bounds of your holdings valuation.
Total Supply : 1,000,000,000
Ticker : QINDO
QINDO contract : 0xe07332FdCf3A8489B752CD86f3FdCD79eE9C373A
40% for bounty program and
40% for LP lockers before
01/01/22 (from 3 to 8 months).
10% for team and 10% for
$Qindo Social bounty 40%
$Qindo LP bounty 40%
Qindo Beta Network
Qindo Alpha Network
In the cryptoverse, this project, with its unique algorithm and qualities, feels quite innovative. This project shows that the incentives and rewards are for everyone and should be distributed evenly.Hence it should be chosen by everyone for gains and to bring a system of fair and equal profits.
For more information
ANN Thread: https://bitcointalk.org/index.php?topic=5363425.0
Bounty Thread: https://bitcointalk.org/index.php?topic=5364542.0
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654