QFinanceQFI
$2.80
Market/Exchange
QFI Price Prediction and Price Movement
QFI has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that QFI's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if QFI is backed by a solid development team and whether QFI's technology has any potential to grow.
Please note that this analysis is purely base on QFI's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
QFinance Price Chart
About QFinance
What is QFinance
QFinance is a decentralized protocol enabling users to create and join Ethereum-based investment pools in a trustless, decentralized manner. Each pool consists of Ethereum tokens/assets chosen by the pool creator and members.
How does it work
A QFinance pool is created with a breakdown of assets that represent the portfolio. When new ETH is deposited to the pool, the pool will acquire the tokens as determined by their breakdown and hold them on the user's behalf. At any time, a user may call the withdraw function on the contract to retrieve some or all of their principal.
Public or Private Pools
Pools can be public or private. Private pools are quite simple - only the user who creates the pool may deposit and withdraw from it. The construction and function of these pools is straightforward.
For public pools, there is added complexity to ensure users are fairly compensated for the amount of ETH deposited and the growth (or loss) of value over time. That is, users' profits and losses are calculated based on when they deposited and when they withdrew the funds accordingly, as it should.
Stake Deposit Tokens to earn QFI
As part of the calculation of public pool ownership, an ERC20 token is returned to the user that represents their ownership stake in the overall pool. The pool will grow as new participants join, and existing participants will have a smaller share of a larger pool, equaling out the value. Deposit tokens can be staked to earn QFI, a reward and governance token used by QFinance. Additionally, network participants are free to set up their own staking systems and rewards to provide users an incentive to join their pool.
QFinance Use Cases
- Get exposure to multiple Ethereum-based assets in one simple, manageable interface and transaction.
- Join a well performing or otherwise attractive asset pool created by another user.
- Create a public asset pool and invite users to join your investment. Prove your crypto investing prowess and even create staking programs for users to earn other coins as a reward for participating.
- Compete with others in your private pools on the public leaderboard.
QFI Token
QFI Token is the governance token for QFinance. It has 1,000,000 QFI total supply, and is used to vote on protocol-level decisions in the QFinance system. QFinance is a community project, owned and guided by its ecosystem participants.