QRDO DROP, Twitter contest, and a Discord AMA await the community as we welcome Qredo to the WOO Network ecosystem.
Qredo — a radical infrastructure offering decentralized custody, lightning-fast settlement, and cross-chain interoperability — is making its presence felt on WOO Network’s ecosystem by bringing its token to WOO X on September 6. Earlier this year, WOO Network announced that both WOO Ventures and Kronos Research had participated in fundraising rounds for this early-stage project.
To celebrate the arrival of QRDO, WOO Network has prepared US$50,000 worth of QRDO tokens to be given to our dedicated users and community members. The majority of these tokens are allocated for a QRDO DROP — a one-time airdrop to WOO stakers that will take place on WOO X on Monday, September 6. The rest of the tokens will be distributed to the active participants of 2 events hosted in WOO Network’s social media channels, including a social media campaign and AMA session with Qredo’s COO Josh Goodbody.
QRDO DROP on WOO X
QRDO tokens will be automatically dropped to the accounts of WOO X stakers on Monday, September 6. All the WOO X users who stake at least 300 WOO tokens and have completed Level 1 Identity Verification or higher are eligible for the drop, as well as the WOO X Beta users who are currently enjoying the KYC grace period. Higher tiers will enjoy a higher share of the rewards.
Important: A snapshot to determine the eligible recipients and their staking tiers will be performed on Sunday, September 5 at 20:00 UTC on WOO X.
All rewards will be determined by a 5-day average closing price of the QRDO token between September 2 and September 6 (0:00 UTC). Please refer to the WOO X support center for the event terms and conditions: https://support.woo.org/hc/en-001/articles/4405882334617.
Share and win QRDO on Twitter
US$1,000 QRDO will be equally shared between 10 random Twitter users who help to spread the word about QRDO. The rules are simple:
- Follow @WOOnetwork and @QredoNetwork on Twitter
- Retweet the pinned post on the @WOOnetwork account
- Wait for good news
The 10 eligible winners will be randomly picked and announced on September 6. The QRDO rewards will be distributed manually to the winners’ WOO X accounts or any ERC-20 wallet on September 7.
Learn about QRDO and win on Discord
Josh Goodbody, COO of Qredo will be joining us in the WOO Network Discord Server on Sunday, September 5 to discuss the arrival of the new project. As an added bonus, US$600 in QRDO rewards will be shared by some of the participants. The rules are as follows:
- Join both WOO Network and Qredo on Discord
- Head over to discord.gg/woonetwork and find the #Qredo-AMA Channel under the ‘Events’ section
- Leave your question there before Saturday, September 4, 13:00 PM UTC or during the open questions session on Sunday, September 5, 13:00 UTC
The 3 pre-selected questions and the 3 questions from the open session are each eligible for a reward of US$100 in QRDO, distributed on September 7 to a WOO X account or ERC-20 address.
About Qredo
Qredo is a decentralized 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. 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.
Learn more: https://www.qredo.com
About WOO Network
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost. Its flagship, WOO X, is a professional trading platform featuring customizable modules and lower to zero fees complete with deep liquidity. WOO Network was founded by Kronos Research, a quantitative trading firm generating $5–10B in daily volume.
Learn more: https://woo.org/
