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QGOV Price
$0.05437
-1.24%
Market Cap
$8.17M
24H Volume
$483
Circ Supply
150.17M

QGOV Market Stats

  • Price $0.05437
  • 1H Change +0.03%
  • 24H Change -1.24%
  • 7 Day Change -36.35%
Statility

Q Protocol Info

Q is an EVM-compatible Layer 1 blockchain that utilizes a delegated proof-of-stake consensus mechanism and features an innovative decentralized governance system. This protocol offers a user-friendly framework designed to support various Web3 entities, including DAOs, DeFi applications, metaverse platforms, and other projects that require secure and equitable decision-making processes, rule enforcement, and dispute resolution.

Q ensures transparent and enforceable governance by integrating smart contracts with a legal framework based on private law. The Q Constitution outlines the system’s rules, while its architecture—comprising both on-chain and off-chain components—guarantees effective enforcement of these rules. A mechanism for dispute resolution is also established to handle any conflicts that may arise.

The platform introduces a universal layer for Governance Security that is both permissionless and decentralized, representing a significant enhancement over current Web3 governance frameworks. Improved Governance Security acts as a catalyst for growth; Q’s governance-as-a-service features lay the groundwork for developers to create more advanced and valuable products. As a critical infrastructure layer, Q supports a wide array of use cases, addressing existing challenges in the crypto ecosystem while enabling new business models to emerge on-chain.

Launched in March 2022, the Q mainnet has operated smoothly since its inception. The onboarding of projects utilizing Q’s governance-as-a-service features began in June 2023, and the platform is experiencing rapid growth with new protocols joining weekly. Technically, Q is fully EVM-compatible and its governance infrastructure is bolstered by esteemed institutions such as LexDAO and Nethermind, along with top academics from MIT, NYU Stern, the University of Toulouse, among others. Furthermore, Q enjoys backing from leading crypto investors like HashKey Capital, Greenfield Capital, and Deutsche Telekom.

Q Protocol Technical Info

Q Protocol News

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