QFI Token is the governance token for the QFinance protocol. The token was launched approximately one month after the launch of the QFinance protocol. It was a fair launch with no presale or initial offering sale. The token was airdropped to users who signed up, in addition to early users of QFinance pools. The public airdrop required users to make two separate Ethereum transactions, one to sign up and one to claim, in order to maintain some “skin-in-the-game” for the airdrop recipients. While many sold upon receiving the airdrop, many held their tokens as well.

The QFI token details are as follows:

1,000,000 capped supply coin, all are minted.
150,000 coins airdropped in initial airdrop.
50,000 coins airdropped in second airdrop (May 2021).
500,000 coins are to be rewarded via staking over 5 years. Approximately 200,000 to be distributed in 2021 and slowly falling to 0 over 5 years.
100,000 team tokens. 50,000 given on launch, 50,000 after 1 year. The launch tokens have been used to provide liquidity on Uniswap V2.
50,000 supporter tokens. 25,000 give on launch, 20,000 after 1 year.
150,000 more coins to be airdropped for users of the QFinance protocol.

Staking Pools

The purpose of the QFI token is to provide governance and rewards for the members of the community. The staking pool reward mechanism is designed to distribute QFI back to the users who know the protocol best. This way, users gain an ownership stake of the protocol they are making use of.

The staking pools in QFinance are: