Spotlight on Ceras Ventures investment in the technology pioneer Qredo
Qredo has been one of our recent investments. Learn more in the following article on how Qredo will contribute to the Web 3.0 space 🚀
Qredo is a digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in cryptocurrencies and decentralized finance. Qredo includes a novel Layer 2 blockchain protocol that enables users to seamlessly transfer and settle Bitcoin, Ethereum and other leading cryptocurrencies.
The key elements of Qredo Network
Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC) provides tier-1 bank security and eliminates the anxiety of private key management. Qredo’s network is designed to enable institutional investors to secure, settle, and access digital liquidity pools and participate in new innovations across DeFi.
Qredo focuses on decentralization, aiming to become a DAO (Decentralized Autonomous Organization) in the future. Decentralized custody for decentralized assets is what lies at the premise of the network.
A true technology pioneer, Qredo doesn’t use smart contracts or wrap tokens. As a matter of fact, Layer 1 private keys are never generated.
To decentralize private keys, Qredo uses the technological step forward of multi-party computation (MPC). Why? MPC enables segregated deposit addresses and eliminates the risk of private key theft. Although Qredo is a Layer 2 network, it is fully interoperable with Layer 1 networks. To record a user’s ownership of digital assets on other blockchains, Qredo uses a single blockchain.
To explain, you can send and receive any digital asset to/from any other Qredo user instantly. As the network is fully interoperable with Layer 1 networks, you can also move your digital assets inherent to a Layer 1 network — just as cheaply.
Here’s another highlight of Qredo — the network uses Tendermint technology that enables both asset settlement and delivery on the underlying blockchain in less than one second.
What is the Qredo Token?
QRDO is an ERC-20 utility and governance token for the Qredo network. The total number of the Qredo tokens is hard capped at two billion, of which one billion tokens are set aside for Qredo Ltd. investors.
The user rewards system is absolutely unique, built around a user-centric tokenomic model unlike any other. Everybody gets rewards — all user types aka network participants get rewarded, without exception:
Transaction mining — Up to 100% QRDO rebates per transaction to incentivize usage of the network
Custody mining — Inflation-based mechanism rewards participants for holding assets within the Qredo network.
Validator rewards — A high reward model derives from user fees, whereas rewards are payable in QRDO tokens. In addition, there’s an emissions schedule available.
Market maker mining — It’s not just that market makers pay zero fees, but they also get rewards in L1 and QRDO for providing market liquidity.
About Ceras Ventures
We, Ceras Ventures, are a global leading investment firm committed to cutting-edge technology projects in Web 3.0 and crypto space to create long-term value-oriented investment and digital asset management. Our scope covers global digital assets and projects with growth potential to provide careful stewardship and to achieve capital appreciation.
Since our start of business in 2014, we firmly believed in innovation and the path forward of digital economy with the development of blockchain technologies which are extremely evolving. As growth is our key vision, our company is named after the Latin word ‘ceres’ which means ‘growth’. We aim
to grow with our partners in a sustainable way of economic transition.
Our investment perspectives cover the areas of DeFi, Web 3.0 Infrastructure, Metaverse, NFT, DAO and disruptive technologies.
Our mission is ‘Value Counts’ to make every interaction and collaboration count to move forward together successfully.
For more information about Ceras and Qredo, please visit the following media channels: