Quid Ika is a cryptocurrency project inspired by the British slang for the Sterling Pound and giant squids. Quid Ika is designed for community growth, aiming to surpass other tokens in the crypto space. The project seeks to promote different opinions and creative diversity, eliminating the control of a single individual. Moreover, the project claims to be heavily dependent on the EPRO community, an Ethereum-based crypto project. 

According to the whitepaper, the project is driven by utilities developed by entrepreneurs and engineers. One of these utilities is the Quidity App, which helps users track their rewards, with about 50 projects listed. Quid Ika also houses a launchpad, which aims to provide a platform to other crypto projects for organic growth and launch of their cryptocurrencies. Moreover, the project also seeks to capitalize on the growing demand for NFTs by offering some of its in-house art. The platform claims to emphasize high-end security to keep hack and suspicious activities at bay.

Quid Ika claims that these utility products bring revenue to the platform and help build value for the QUID cryptocurrency. Built on the ERC-20 architecture of the Ethereum blockchain, QUID is the native token of the Quid Ika project. The platform claims that QUID is a deflationary token, which reduces supply over time through token burning, thereby appreciating the token's value. Token burning is the process of sending a certain number of tokens to an inaccessible wallet address to remove them from circulation permanently. 

As per the whitepaper, QUID tokens aim to be strategically burned every time the platform receives fees for token listings. Quid Ika claims that the cryptocurrency is designed to offer long-term sustainable growth. The platform also claims that the tokens are 100% owned by the community.  

Quid Ika was launched by veteran crypto developers and enthusiasts, who were the top holders of the EPRO project. However, their identities continue to remain anonymous. The QUID token has a maximum total supply of 500 million, and the platform has already burned more than 10% of the supply.