The Qountdown has begun: the QODA token launch is coming.
Take part in our campaign on Galxe, earn points, and win gifts and rewards in QODA and USDC. The top point scorers will share a prize pool of 1,000,000 tokens. And that’s not all: we will hold more events in parallel (Grand Prix, retrodrop for active protocol users, creative contests, and much more). Let’s dive into the details.
What is Qoda Finance?
Qoda Finance’s mission is to make institutional financial services accessible to everyone via blockchain.
We’ve already launched 2 products, and are targeting a third one in late 2024. Our first DApp, Qonstant, is a lending and borrowing protocol with fixed interest rates and fixed maturities. It is live on Arbitrum One.
Threebalance, Qoda’s second DApp, is a portfolio rebalancing tool. It is a top-of-DEX solution that allows selling and buying assets and achieving the desired portfolio allocation in one flow.
In Q2-Q3 2024, we plan to launch the QODA token and DAO.
What is the QODA token?
QODA is the only token that governs and earns rewards from the Qoda DAO. All of Qoda’s products and services will share their revenue with the Qoda DAO, which is paid to QODA stakers. This means that token stakers benefit from, and shape, the future of all DApps that are part of the Qoda ecosystem.
We are targeting a Token Genesis Event in May 2024, and will launch the DAO and its governance mechanisms soon after. Note that schedules are subject to change.
Qountdown
Qountdown to the QODA token launch is a (huge!) campaign in the lead-up to the Token Genesis Event in May. We are currently working with lawyers and partners to finalize the tokenomics and token sale terms, so specific dates will be announced later.
The event takes place on Galxe, so be careful and interact only with our verified space: https://galxe.com/qodafinance.
Each quest has its own tasks. During the event, you will get acquainted with Qoda Finance, Qonstant, Threebalance, and our partners. New quests will be added regularly.
Please read the task descriptions carefully and remember that sometimes it takes time to verify them. For tasks related to social media, it will take a couple of minutes, and for online quests, up to 5 minutes.
Please note: The main goal of this event is to introduce the crypto community to Qoda Finance products and reward the most active participants with tokens, which is the element of building the future DAO. Do not participate in it just for the sake of getting rich — you will be disappointed.
Rewards
Participants receive points on Galxe for completing quests. These points form the campaign leaderboard. The top 1000 users at the end of the campaign are guaranteed to share 1,000,000 QODA tokens:
- 1st place — 20,000 QODA
- 2nd place — 15,000 QODA
- 3rd place — 10,000 QODA
- 4–5 places — 5,000 QODA
- 6–20 places — 2,500 QODA
- 21–200 places — 1,500 QODA
- 201–500 places — 1,000 QODA
- 501–1000 places — 685 QODA
And that’s not all:
Some quests, in addition to points, have their own rewards, such as gifts from partners, USDC tokens, or unique roles that reward an allocation in a future token airdrop.
In addition, we reserve the right to increase the campaign’s total prize pool and the number of participants who will receive rewards. Show us your love, invite your friends to participate, and we will make it happen!
Disclaimer: Increased rewards and additional winning places are made at the Qoda team’s discretion and are not guaranteed. Stay tuned for announcements.
The distribution of rewards (and related details) will be announced separately. It is expected that the rewards will be distributed after the TGE and will likely have a vesting schedule.
Terms and conditions
- Dates of the event: March 20 — mid-May (approximately, the exact end date will be announced separately).
- The prize pool is 1,000,000 QODA tokens. The Qoda team may increase the reward prize pool at their sole discretion.
- Additional rewards include prizes from partners, USDC tokens, and unique roles.
- The event is held on Galxe. The only official link is https://galxe.com/qodafinance.
- We rely entirely on Galxe to calculate points and display places in the leaderboard. Provided that the number of points is equal, the place on the leaderboard is decisive in distributing rewards.
- The QODA token does not exist at the moment and is not traded anywhere. All details related to the launch of the token and the TGE will be announced on ALL of our official channels simultaneously. Be careful and beware of scammers.
- Details regarding tokenomics, token price, listing, reward distribution, and so on will be announced later.
- The team reserves the right to change the terms and conditions of this event or cancel it at its sole discretion.
- These terms and conditions are subject to change or amendment at any time without prior notice.
- By participating in the Qountdown, you automatically agree to these terms, and the terms associated with using each of Qoda Finance’s products.
- Nothing written in this blog post or for campaigns related to the Qountdown campaign is a financial recommendation. Do your own research.
- Any attempts to violate or circumvent these rules or gain an advantage over other participants in ways that the team, at its sole discretion, considers unacceptable (including but not limited to multi-accounting, using bots and fake accounts, wash trades, cheating invites, and so on and so forth) may result in exclusion from the list of winners. The team does not accept any claims in this regard; any decision is final and will not be subject to review.