Topic: [ANN] Qindo - Universal Social Finance - List at Sushi swap (Read 304 times)

We speak about positive reflection as burn&rebase and negative reflection as mint&rebase to discribe the technical principle of our dual/reflection in a more simple way.

The supply moves in both sens instantly. So it never moves. It is a trick to make community balances move with individual burn or mint.

Nothing about a flexible coin.

It will be a pleasure to speak with you in any group. This discussion is productive to us. No problem to us. We don't do ICO. We got no financial pressure. The financial deal we build for adopters (social and financial bounty) is simply crazy. We build a roadmap we think possible. Only one objective : a decentralized socialism that incentives early comers, gives great possibilities to build wealth to people making the system run. A system where the root of value is human attention/intention. And where social and financial democracy can exist without permission in a fair way.

I'm not sure if I'm getting rusty from taking a few months break from crypto or what... but I still can't be confident that I've grasp your concept perfectly. Maybe a video explanation like terciduk123 said would help in our favor.

Meanwhile, the last part of your explanation caught my interest. Does the disinflatory means your supply is rather flexible, i.e. subjected to cases of rebase?

I stumbled upon one or two project who sell these flexibility of supply as one of the selling point of their product... none ends well. Most finally leave the project for reason I didn't know because they kicked me from their channel for asking questions way too specific for them to cover their flaws.

O there is some litlle misunderstanding maybe when i explain how to build a decentralised socialism and how to integrate the participation of any kind of community. But the project is not the plaform you discribe.

No. It is first a communitary promoting system using social networks, NFT and $Qindo token to build a minting and burning system that reward in the time $Qindo users, $Qindo holders and NFT holder in the promoting system (they can promote any kind of influencing activity).
Then it allows to lock any fungible (first on Ethereum blockhain) by underlying an NFT and use it to balance (a kind of voting system without permission) an investment fund that could also underly the NFT and used usable to build a collateral in a P2P lending system. Actually the augmented NFT will be tradable with augmented value.

Another thing important is that our algorithm regulates the participation in minting and burning QINDO through the promoting/voting system in an economic efficient way and making possible to build a voting system "semi-permissionless" (you can like/vote for the same thing as many time as the algorithm allow you). We called this the Proof-of-Social-Utility mechanism.

As mentioned in the docs :

How it works :

1. Connect with a web 3 provider and a web 2 authenticator.
2. Link an NFT to your own social item ranked by our search engine (we will start with Instagram API) to become a Qindoer and jump into web 4 with your super NFT avatar.
3. Use/burn $QINDO to give likes as many time as allowed by the algorithm.
4. Earn $QINDO from $QINDO used by others.
5. Claim $QINDO earned for having used them for tiers and according to their scores.
6. Unlink and trade your NFT with its future personal yield through Qindo Interface.

The algorithm building scores is based on the differenciation between $QINDO used by the owner of the NFT linked to an item (A) and tokens used by others for this item (B) and on a reflexive solidary reward system with relative difficulty in use :  

Like/$QINDO quantum per receiver (user must use a multiple of this amount to like as many time as possible) :
Q = (∑B+1)/(∑A+1)
Daily $QINDO reward for tiers likers and per like given :
R = 1/Q
Social Score (SS) :
S = (∑A+1)*(∑B+1)
Instant $QINDO reward for $QINDO holders per like given by the community :
P = 30%Q (70% will be claimable by burning SS for $QINDO)

The QINDO team will build incomes by playing the game as everyone with its 10% of initial token holding.


Positive reflection (burn&rebase) mechanism
$QINDO rewards for holders are made by burning token used/burnt and resize circulating supply linked to $QINDO holdings.

Negative reflection (mint&rebase) mechanism
The token supply linked to $QINDO holdings is resized according to tiers likers $QINDO rewards claimed for minting.

Combining these two different replies, do I correctly grasp that what you tried to offer is a platform where people can monetize anything they have --like the NFT they owned, their ability to sing, their stand up comedy, their make up tutorial-- to earn QINDO which can be exchanged into fiat. And, in the same platform, they can use their token --or in your words, fungible-- like eth, bnb, tron, etc. for a p2p lending.

About the social distribution of $QINDO

You know today the token reflection model that incentivises users to hold token while others use/trade it.

$QINDO builds
- a system where people are incentivised to hold them or use them. Without any tax on trade.
- incentives to hold any NFT and use it in a social game with $QINDO or in a lending system with any FT.
- a team business model based on the same social game as any users.

A video would be very cool indeed.

Super-powered token because you will use any NFT as outstanding financial and social vehicle and any Fungible as voting power in an investment fund used in a P2P lending system.

But the main service we will offer with $QINDO token is to build a real money (something with real value and that you earn by working with anything that make you earn anything you want).

Bounty live very soon. Do not hesitate to connect early to our social networks if you don't want to miss them.

Yes various bounty. But take care the ANN speak about 40/40/10/10. Mkt stands for marketing operation (maybe a partner for another airdrop).

We hope to have many holders of course. We choose ETH because of the community and because in our case transaction fees could lead to benefic arbitrage between holding, using and trading tokens.

Thanks, I'll try to think about it.
Alright, what kind of product are you actually going to build? It might be better if you make a video to explain the concept of your project and what your product will be used for in the future. There are some new terms that I just heard about, like Super -powered Token

Great, when will the bounty and airdrop goes live? I smell various bounties and airdrops, because combined have 70% of the supply. It is clear that there will be many holders and community members. But why? why you choose eth network while at this time it's feared because of the large transaction fee?
"40% bounty airdrop

30% liquidity lock airdrop

20% mkt operations" mkt is market right?

Ok let's try to do it without to much complexity (the economic system is very complex and Qindo aims to build an important upgrade).

First we think about a decentralized socialism for a very long time. We look at the birth of bitcoin as a revolutionary system but with very unfair model and at the birth of Ethereum as the opportunity to build something fair.

The important here is to understand that an inflationary system makes people poorer, a deflationary system makes the productivity more and more difficult, and a socialist money without central governance wasn't invented yet. And we know that the current monetary/banking system got very good reasons to be what it is today. I mean a mint and burn system (a disinflationary system). But how to give the power now to people to earn money and give money to other in a productive way for individuals and the community in the same time ?

As the current monetary system has been built over the value base of a well manageable art resource, gold, we start to think about a system where human attention could be used as gold in a system with self-controled production, utility, value and supply. But it's not the only problem and actually cryptosphere showed to us two things very important to us : first that people could choose to use the asset they want to buy what they want and then that in financial farming and lending system decentralisation can  simply be a joke (the reality of capitalism).

The question of how to build a global democratic economic governance with total inclusion and with the less alienable factors leads to the imagination of our communitary promoting system and a communitary-driven investment fund with a P2P lending system using it.

By the way, we realize the true power of non fungible tokens as vehicle of individual democratic and financial power.

Ok, maybe that's the problem, summing all three of your replies to us, I can see that we are all facing the same thing: your choice of words. I can also see you stressed over and over about how your concept is new, the first of its kind, so it'll be normal for everyone to stumbled on the learning curve, especially with the foreign words. So can you probably re-tell us, in a more simple words what you offer and the background of your project. By simple, I mean without the "social-capitalism", "web 1 through 4", "overcollateral", etc. Think of us as a commoners, speak with language that can reach most readers

Good questions

No ICO. what we are doing is not to make private investor superrich. We only build a decentraised social capitalism and we choose to build a social bounty (classical bounty) and a financial bounty (rewarding LP lockers). It's big bet.

Web 4 ? ok. To make it simple web 1 was about you and the dots. Web 2 was about you and the community. Web 3 is about you and the network itself.  Web 4 is about you and the network governance.   See it as a new kind of DAO allowing absolutely anybody tp participate without limitation and using both web 2 and web 3 models to build a socialist economic system driven by the whole web3 community.

That means wthat a decentralised social-capitalism (the first of its kind) is unstoppable because everyone got incentives to use it. And i mean no crypto got such a mass adoptable model with a trully fair distribution.

You never heard about disinflation..... I know.... actually the education we have to make about economy and what really is a monetary system to cryptosphere is tremendous. We build it in gamified way. To resume there is a mechanism that create token and another one that burn tokens in an effective way for individuals and community.

Actually the first page of the doc and this thread give the same information of the website. But maybe you didn't read all the doc.

What qindo offers is a new kind of socialist system. Something trully different bacause it's the first time we see this kind of project in cryptosphere.

To do so Qindo will build two instruments : the first instrument is a monetary system based on a web 2.0 promoting power (imagine a world where promoting power is like gold) that is distributed and reditributed fairly and community-drive in the time. The second instrument is a sovereign lending system where borrowers need to use an investment fund as overcollateral that is  governed with a trully democratic snapshot system.

The themes and images on your site make me dizzy, I think you need to replace them with better ones.
Qindo is not holding an ICO. Will the Qindo project be privately funded?
Besides, can you explain in simple terms the meaning of your Web 4 concept?

I don't know also how they can create unstoppable money here? Not all decentralized platform can hit it off in the market. It still depends on how they can attract users that will send their money to this network. First time to hear also this disinflationary thing. They need to translate their objectives here in straightforward manner and not use words that will confuse people.

I've given your post three reads, one on this thread, one on your website, and one on your docs --which, all of them are actually the same sentences, the only difference is the page background and graphic--, and maybe I need three cups of coffees, because I still can't get ahold of what you tried to offer. Can you.tell us in short and clear way, what service do you offer?

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