Looking back on 2021: Qredo's 10 biggest milestones
Looking Back on 2021: Qredo's 10 Biggest Milestones
2021 is a year when Qredo's various businesses are on the right track. Large-scale partnerships and product launches have promoted explosive business growth this year.
The crypto market is booming, and we’ve been successful along the way: Bitcoin solidified its status as a macro asset last year, and institutions and corporations dived deeper into crypto, decentralized finance (DeFi) and non-fungible tokens (NFTs). ) has turned cryptocurrencies into Web3. As a recent U.S. congressional speech on digital assetsHearingsAs shown, this vision has the support of the highest political levels in the United States.
Despite the expanding ecosystem, the cryptocurrency industry has had its fair share of other victories. Crypto infrastructure is now growing under the weight of its new epidemic, but the cracks have become impossible to ignore: Layer 1 fees are hitting record highs as congestion increases,crypto heistsThe number of blockchains has increased, and liquidity has become more siled as more independent blockchains have entered the fray. Not to mention the ongoing compliance battles as cryptocurrency companies try to comply with increasingly stringent regulations.
All of this has fueled demand for Qredo, and we are now pulling out all the stops to solve the digital asset ecosystem's biggest problems with our radical blockchain infrastructure.
secondary title
1. Qredo wallet 👛
Launched in May, Qredo's flagship wallet brings the institutional-grade security and granular governance controls of a decentralized MPC to everyone.
In November, more ERC-20 tokens were added to the Qredo network, the list of supported assets became longer, and we set an industry-leading standard for institutional custody by reducing fees to zero.
image description
secondary title
2. $11 million seed round investment 💰
Qredo closed an $11 million seed round in May, marking another realization of our vision and further strengthening our financial reserves. The round was led by leaders in the crypto space — includingG1 ,Gumi Cryptos,Maven 11,Spartan Groupsecondary titleCelsius,Deribit,Wintermute,CMS HoldingsandKronos Research.
3. Community Development🌏
The number of Qredonians has grown over the past year. They flocked to Telegram and Twitter from all over the world, and we brought them together through Qreed - handing out 30,000 QRDO as a reward for spreading the word on social media in seven different languages.
secondary title
4. $35 million in token sales 💸
andNexo, Coinbase,FigmentandLedgerPrimeUnder the strong demand of investors, the stake will be increased to 35 million US dollars.
Since then, we have never stopped and have been working tirelessly to open up new markets. Now, more buyers can buy QRDO on more than a dozen different centralized and decentralized exchanges. We are also preparing for more cooperation, including Layer 1 cooperation.
Looking ahead to 2022, ecosystem tokens will slowly be vested in the community. These tokens will not go directly into the circulating supply, but we will issue a small number of tokens to reward teams building outstanding products on Qredo. In this case, we will also introduce a new inflation-busting mechanism - an automatic staking program with an annualized 10.1% interest rate matched with more token rewards, putting QRDO at the heart of the network. The first mechanism is the validator token buyback program, we will have more news soon!
5. Hex Trust and X-Margin 🤝
In October, Qredo, together with Hong Kong-based Hex Trust, welcomed its first licensed custodian to the network. We will soon be working together to give marketplaces access to a growing number of services on the Qredo Network — including access to DeFi and exchanges — without moving funds from regulated custody. In the same month, we also announced a partnership with X-Margin to provide secure credit for institutional digital asset transactions.
Stay tuned to Qredo as we will soon be launching brand new integrations with two of the top derivatives exchanges.
6. The number of Qredo employees has doubled 👨👨👧👦
Team Qredo has more than doubled its membership from last year; from an intrepid team of 45 in January to a mighty horde of over 100 experts spread across Europe, Asia and the Americas.
Key employees include former Binance and Huobi executive Josh Goodbody. He joined Qredo in June to spearhead the token launch. and trade operations veteran Phil Langfelder, who spearheaded the thriving rolodex during his 20-year stint at Credit Suisse and Deutsche Bank. Recently, security veteran Asen Taskov joined Qredo as Chief Information Security Executive.
we are stillHire Sales, Marketing and Engineering, we have an open and supportive company culture, and our core values are authenticity, diversity and continuous innovation. So if you're interested in joining the team, or meet some talent, get in touch!
7. MetaMask Institutional integration 🦊
In October, we announced a landmark partnership with MetaMask Institutional, sparking interest from eligible funds in the market.
image description
image description
Manage regulatory policies, access DeFi
8. Bitcoinization of El Salvador 🇸🇻
In October, Qredo announced a partnership with Banco Hipotecario and other top cryptocurrency innovators to power the bitcoinization of El Salvador.
image description
Qredo joins Banco Hipotecario, API3, TESOBE, RSK & Tropykus in Banking Hackathon
9. Qredo Labs 🧪
Our innovation unit, Qredo Labs, officially launched in November, is now focused on bringing Qredo V2 to life by focusing on five key areas: homomorphic encryption, transaction ordering optimization, distributed consensus mechanism, and state transition management.
Qredo Lab's first product - Liquidity Hub - launched briefly in public beta in August and is currently being equipped with a matching engine to create a full-fledged trading platform. Let's look forward to hearing more about it in the new year.
10. Travel Rule Solution ✈️📇
The Financial Action Task Force (FATF) issued guidance in October that increased the compliance burden for crypto firms, and many in the industry are already struggling to adapt.
image description
Receive travel rule transaction data on Qredo
2022 is just around the corner. There is no doubt that the community is coming and we will be ready for them!
Looking ahead to 2022, there will be fundamental changes to the Qredo network - including validator recruitment and the transition to DAO governance - and there will be strategic add-ons that simplify the onboarding process for big players; including click insurance, easy-to-integrate Python library and dark pool for anonymous transactions.
Now, I would like to thank all Qredonians for their unmatched support and dedication to Qredo this year.
I wish you all a Happy New Year!
— Anthony
Original link: https://www.qredo.com/new-blog/2021-in-10-milestones
