About QAO Project

Distribution:

4.5 Trillion of token supply is initially burned as a first scarcity stimulator. An additional 3.5 Trillion was burned decided by a community vote.

Following the path of major projects, nearly half of the QAO token supply was immediately burned to ensure a fair distribution from the very start.

1 Trillion of token supply permanently locked for liquidity pools only.

These funds are reserved to the DEXs(Uniswap, 1inch, Sushiswap, etc) QAO and ETH pair to be locked forever. This ensures there is no way to remove any starting liquidity from the pools therefore removing any possibility of initial liquidity drawdown by the team.

1 Trillion is locked in QAO Treasury and will be managed only from community votes, minted yearly for the first 4 years only, in order to achieve self-sustainability, and therefore this ensures there is no drawdown from team selling QAO as funds moved will remain locked in smart contracts on Ethereum blockchain.

QAO Token Utility

Community management of Rarechain, a next generation DeFi API.

Voting/staking mechanisms to incentivise long term loyalty to the protocol.

Rarechain API Features:

Multisig Accounts, Watchlists, Compare Data, Multi-Exchanges Data,

Automated Risk management, Build Algorithms, Backtest strategy performance, and more to come.

QAO Governance Token

QAO Token is the center of governance protocol for management of Rarechain. QAO is used to stake and vote in order to receive fees generated from Rarechain's API including also Rareswap and Rarepool. It’s main function is to vote for the system's parameters and community management decisions.

QAO Governance

Rarechain contracts will be owned by QAO who will have governance rights over important parts of Rarechain protocols (such as financing terms of arbitrage markets, rewards distribution, buybacks, long-term holdings, partnerships, grants, vault strategies and everything else) through a Qualified Autonomous Organization.

What is decentralization without qualification?

We are convinced that strong ethics and proven skills are mandatory for a long-term success,

QAO participants will all have an equal right for the important decisions.

For security purposes the contracts will be audited.

A Voting rights hierarchy is implemented for minimized maintenance of crucial features.

Creators of the contracts and other skilled members who will join will remain Sysadmins to assist those features.

Staking / Fees Redistribution

Holders can participate in QAO Staking which has its own protocol which rewards the ones who choose to lock their tokens the longest time, up to 520 weeks. All Rarechain vaults will have withdrawal fees on generated profits (1%). This portion of fees from Rarechain generated yield strategies will be redistributed to QAO Stakers.

Stakers will also receive pro-rata rewards described below:

Rarechain API(90% of generated fees)

Rareswap(90% of generated fees)

Rarepool(50% of generated fees)

Only when Rarechain launches, QAO will be minted at a base rate of 100 000 000 QAO daily. The mint will have an additional multiplier for the mint amount, which would ensure a gradual decrease in the minted tokens over time. The minted tokens will be allocated as follows:

45% distributed pro-rata between everyone who holds an open RARE position (pro-rata based on their position size).

45% distributed to liquidity providers on RareSwap (pro-rata based on their position size).

10% distributed to Rarechain’s API users, awarded to the most used and successful API implementations (created new indices) at the time.

Scarcity Stimulators

Monthly adjusted Minting rate meant to decrease over time.

1.25% Burnt Fees on staking/voting and all positions opened on RARE/QAO (💎/🌐)

1.25% Stakers Tax Fees on staking/voting and all positions opened on RARE/QAO (💎/🌐)

Buybacks; A part of the treasury will constantly be reserved for this purpose from community vote.

Burn Events; Users can decide to create those for marketing campaignsUnallocated treasury will monthly be added as staking rewards.

Cost of operations will be shared with transparency to optimize QAO treasury yield.