Qi Dao QI
QI
0.07433
$
14.02 %
Change 24h
Market Cap
$ 6,215,002
Volume 24h
$ 117,424
Circulating Supply
83,880,221
Total Supply
200,000,000
Website
Social
QI
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
The Qi token—the governance token of the QiDao Protocol—allows those who hold it to vote on changes to the QiDao Protocol. Anyone, not only Qi holders, can submit proposals for a Qi vote. Qi tokens have to be staked to form xQi in order to vote.
Qi holders will decide in a consensus how to distribute the Treasury funds to pay for various infrastructure needs and services. The funds in the Treasury are revenues from Closing Fees, and other income streams. The governance mechanism is designed to be flexible and upgradeable over time.