By Hodler Enterprises

Introduction

History

The idea of creating Qredit began January 2018 with an ICO on the Neblio platform.

Qredit started with the vision of becoming a rewards token which merchants could use to reward their customers after spending a certain amount on goods in their retail establishments. Traditionally, stamps and other centralised methods are being used to print “points” for their customers.  Adapting Blockchain technology decreases the risks of losing any physical points like stamps and also minimises the risk of fraud. Since July 2018 our goal has changed a little in favour of the merchants. Except instead of using Qredit as a reward token, many merchants preferred to use Qredit as an alternative payment gateway.

Consumers

In favour of the consumers, Qredit will be developing and selling “Qredit Cards” using NFC technology to allow consumers to “collect” Qredit coins or rewards tokens created by merchants easily without the need for expensive hardware. This feature is called Qredit Wave. As the name says, you “WAVE” your card or NFC device to collect Qredit coins or rewards tokens.

These coins and rewards tokens can later be used to pay for certain goods using the wallets we provide. Consumers are also able to use these coins and tokens to trade on cryptocurrency markets.

In the future, Qredit will provide guidance on completing tax information in a legal and compliant way, for merchants, but also individuals using Qredit as a payment gateway.

Merchants

In August 2018 we decided to build a blockchain of our own, following detailed research Qredit chose to utilise the ARK codebase.

The Qredit DPoS (Delegated Proof of Stake) blockchain will enable merchants to build their reward tokens on-chain. These tokens can be used to reward consumers, but also to facilitate internal or even international intercompany payments and settlements.

In addition to the payment system and the creation of reward tokens, Qredit aims to simplify how merchants process payments and settlements using Cryptocurrency.  Merchants will have the option using Fiat currencies to purchase Qredit, but also to convert Qredit or other cryptocurrencies back to Fiat, reducing the risk of crypto market volatility. This function is called Qredit Motion and is part of the Qredit Always Evolving Platform.

Traders

Qredit has a base-market on the Altilly exchange. Which means that traders no longer have to purchase Bitcoin to trade with other cryptocurrencies or to buy Qredit. During the 2018 cryptocurrency market consolidation Qredit has proven that it’s less vulnerable to the fluctuations and volatility created by major cryptocurrencies like Bitcoin or Ethereum.

Qredit is now paired with 19 other cryptocurrencies and allows traders to trade with minimal trading fees.

Qredit holders can use their coins to purchase items via our multi-vendor marketplace called Bitilly.

Problems to be solved 

In the past, some cryptocurrencies have been associated with criminal activities due to their anonymous nature. Qredit provides an immutable, transparent Blockchain, without private or anonymised transactions. Any individual or government agencies can monitor all transactions.  Qredit team are working with a trusted company to provide KYC verified addresses, with the aim of increasing the safety and transparency of distributed ledger technology (DLT). The Qredit blockchains’ public addresses are similar to a bank account and can be attached to a real-world verification check using government documents or social media verification. The information provided for real-world verification will never be stored on the blockchain, this will be handled by an accredited company whose purpose is to review sensitive information.

This feature is called “Qredit KYC” and is also a part of the Qredit Always Evolving Platform.  The Qredit KYC feature will allow Qredit to be adopted more freely in the real world without the stigma of being associated with criminal activities, unlike other cryptocurrencies that are focused on anonymising transactions.

Unique Selling Points

With Qredit Motion you will be able to convert your coins to fiat currency or buy Qredit coins with fiat currency.

By using the NFC technology integrated with our Blockchain  you can also receive Qredit without internet.

Similar to a bank account, you can optionally register your Qredit address for more transparency.

Stay connected with your customers by rewarding them with your own tokens created on the Qredit Blockchain.

Development

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Consumer Ready

Mainnet V2

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Merchant Ready

NFC Implementation

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Blockchain Developement

Mainnet V2

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QAE Platform

Qredit Always Evolving

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Online Payment Systems

CoinPayments & WP Plugin

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NFC Technology

Qredit POS

Roadmap

Q4 2018

Mainnet V1
Wallet Development
Qredit Base Market

Q1 2019

Mainnet V2
V2 Wallets
Qredit KYC
WP Plugin Integration

Q2 2019

Qredit Wave
Results Africa Negotiations
Business Case Studies & Solutions
Qredit Merchants Meet-up (SE)

Q3 2019

Smart Contracts
CoinPayments Integration
Merchant POS Development
Qredit Motion

 

Q4 2019

Results Asia Negotiation
Qredit Merchants Meet-up (NL)
Updated WhitePaper & Roadmap

Q1 2020

Update Desktop & Mobile Apps
Business Case Studies & Solutions 2

Q2 2020

Qredit New Country Targets

Q3 2020

Qredit Dubai World Expo

 

Business Model & Key Summary

The general income for development of Qredit will be generated through the sales of the coins.
The coins will be sold on our main website for the price of $0.01 per coin. Qredit has no guaranteed ROI for it’s investors as it depends on many factors like the overall market condition and the demand for Qredit.

Hodler Enterprises will do it’s best to create demand by implementing the product at many stores as possible and create different types of use-cases. Once all coins are sold, Hodler Enterprises will be generating profit by enabling fees for certain products on top of Qredit. For example, Bitilly Marketplace, Qredit KYC and Qredit Motion. In this way, there are no concerns that the development of Qredit will stop, as we will be generating profit after the ICO.

Investors can receive daily passive income by voting for delegates or by starting their own forging node. Traders can maximize their ROI by trading on exchanges during market fluctuation. 

 

Project Launch: January 2018
Launch Mainnet: August 2018
Concensus: DPOS
Blockchain: Native
Ticker: XQR
Total Supply: + 700.000.000 XQR
Block Time: 8 seconds
Block Rewards: 2 XQR + Fees
Fees: Dynamic

 

 

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