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Quid Token

QUID

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About Quid Token

Quid token describes itself as an ever-growing liquidity token. According to the documents of the project, the Quid token is a part of the Solana Program Library (SPL) tokens. SPL program or the token program provides a common interface for creating fungible and non-fungible tokens (NFTs). The document further states that Quid is the first social and universal utility token. According to its website, the token is said to be Solana’s equivalent to ERC-20. The token’s aim is to become the most liquid digital asset on the Solana blockchain.

To achieve this aim, all the initial liquidity provided by the Quid token foundation in any liquidity pool intends to be locked for a certain time. Further, the fee earned by the foundation by any means on the project seeks to be funnelled back into the Quid’s liquidity pool. Thus, in this way, no matter the trade of Quid increases or decreases, the liquidity of the protocol intends to increase with every trade. The foundation tries to increase the liquidity of the Quid token via various NFT fundraiser campaigns and incentive programs for liquidity providers.

The document further claims that such increasing liquidity of the Quid token makes it an ideal store of value for holders. Also, the token seeks to be a fit as a utility and a social token for developers who are looking to adopt a native currency for their decentralized finance (Defi) and other decentralized projects.

QUID is the native cryptocurrency of the Quid token project. QUID is based on the Solana blockchain network. According to its website, QUID is swappable on Raydium.io, which is a decentralized finance protocol. The token is also capable of burning. Burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

The QUID token got launched on November 12, 2021. The token further got listed on various exchanges in the month of November 2021. The total supply of the QUID token is eight billion coins.

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Brazil News about Quid Token

The Block • Apr 30, 24

Hong Kong’s spot bitcoin, ether ETFs see over $6.3 million in half-day volume upon debut

The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today.

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BeInCrypto • Apr 30, 24

Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart?

Hong Kong officially launches spot Bitcoin and Ethereum ETFs, available in multiple currencies on the HKEX.The post Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart? appeared first on BeInCrypto.

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The Block • Apr 30, 24

Hong Kong officially debuts Asia’s first spot bitcoin, ether ETFs

Six spot bitcoin and ether ETFs — managed by ChinaAMC, Harvest Global, Bosera and HashKey — officially debuted in Hong Kong today

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Bitcoin Magazine • Apr 30, 24

Spot Bitcoin ETFs Commence Trading in Hong Kong

Almost five months after the US approves spot Bitcoin ETFs for trading, Asia follows.

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The Block • Apr 29, 24

MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC

Michael Saylor's MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC.

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CoinDesk • Apr 29, 24

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

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Quid Token is on the rise this week.

The price of Quid Token has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Quid Token’s price has also risen by 100.00% in the past week.

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