Qredo Token Price


Qredo Token(QRDO) Info

Ethereum 0x4123a1...463
Audited By
Code & Community
‎$ 0.1492
‎$ 0.179
$ 41.19M 
$ 198563 

About QRDO

What is Qredo (QRDO) Crypto?

Qredo is an open-source, public, and permissionless platform that provides decentralized custody for decentralized assets. The technology merges multi-party computation (MPC) cryptographic security with a Layer-2 blockchain network to offer decentralized MPC (dMPC).

Qredo’s infrastructure can power true decentralization for crypto assets without worrying about the risks or challenges that traditional crypto custody solutions face. The Qredo network offers digital asset security via decentralized self-custody, allowing users to exercise complete control over ownership of their assets. They no longer depend on conventional centralized storage providers or vendors that pose significant security risks.

The Qredo Network also offers superior security without the hassles of private keys, key shards, or cold storage wallets. In addition, the cross-chain interoperability feature of the Layer-2 Qredo protocol allows users to use its infrastructure to trade and manage several stablecoins and Layer-1 cryptocurrencies.

One of the most significant advantages Qredo offers is its integration with MetaMask Institutional, allowing large investors to use their Qredo Wallet to trade, securely store, and leverage DeFi services on their crypto assets across the entire EVM ecosystem. This feature lets institutional investors access not only DeFi but also NFTs and Web3, all with the ease and convenience of MetaMask but with the superior security of Qredo Wallet.

QRDO is the native digital asset of Qredo Network and serves as the utility and governance token for the protocol. It is used to offer incentives to users, such as validators, liquidity providers, traders, and custody users on the platform.

How Does Qredo Work?

Qredo uses a cryptographic tool called multi-party computation to decentralize and improve security. The system eliminates the need to use individual private keys for signing transactions, improving the overall user experience without compromising security.

Qredo’s dMPC leverages multiple computers, each possessing a portion of private data representing the key. These computers coordinate with each other to sign transactions in a distributed manner.

The Qredo blockchain merges the power of dMPC with a Layer-2 network to enable a truly decentralized, secure, and fast way to manage and transfer digital assets. The Qredo Network has several applications, such as:

Crypto Custody

Qredo offers complete decentralization in handling crypto custody without relying on traditional, centralized custody solutions with a single point of failure. Institutional-grade controls and multi-user access without ceding custody and without the use of private keys give you complete control over your digital assets.

Digital Asset Governance

Qredo’s governance functionality lets enterprises and large-scale institutions handle their crypto asset portfolio effectively and securely. The dMPC technology eliminates concerns about losing cold storage wallets and private keys and the need for third-party disaster recovery protocols. In addition, it can assign permissions to licensed custodians, offer compliance-ready auditing and reporting, and convenient administration of crypto assets for institutions.

More Secure DeFi

Qredo’s partnership with MetaMask Institutional offers a radical new approach to a far more secure and compliant way for organizations to enjoy access to decentralized finance (DeFi) and Web 3.0. Qredo’s security and governance layer provides more opportunities for institutions looking to experience the world of DeFi.

Cross-chain Swaps

Atomic swaps that support blockchain connectivity are possible using Qredo Network's cross-platform liquidity access, with meager transaction fees. The Layer-2 blockchain infrastructure makes its technology far more scalable and cost-effective while offering a secure system to bring liquidity via blockchain interoperability.

Travel Rule Compliance

Qredo will launch the first in-band Travel Rule Solution for compliance with FATF’s Travel Rule. The international anti-money laundering regulation can be complied with using Qredo’s solution, allowing virtual asset service providers to ensure that they align with international rules on digital asset transfers while fostering mainstream adoption of the blockchain economy.

When Was Qredo Founded?

Work on the Qredo protocol started in December 2018 after its co-founders, Anthony Foy and Brian Spector, acquired the Qredo shell. The team held a pre-seed round in March 2019, raising $2.9 million worth of funding from investors.

Qredo launched the decentralized custody solution MVP in December 2019 with the aim of rearchitecting digital asset ownership. In June 2020, the Qredo testnet v1.0 went live with the launch of the consensus-driven MPC Qredo Network.

The Qredo mainnet went live in September 2020, along with BTC support. Decentralized custody and instant transfers were also enabled on the Qredo Network during this upgrade.

Qredo added support for Ethereum in December 2020, allowing users to perform native cross-chain swaps between BTC and ETH. In March 2021, the decentralized custodial network raised $11 million in seed funding from strategic investors, including Celsius, CMS Holdings, Deribit, and Wintermute.

Qredo’s developers expanded support for 13 ERC-20 tokens on the network by June 2021, along with releasing MVP for their Liquidity Hub and Trader Chat offerings. The QRDO token was launched via Coinlist a month later, in July 2021. The Qredo mainnet v2.0 went live in March 2022.

How to Buy Qredo (QRDO) Crypto

Qredo (QRDO) is listed on most top crypto exchanges and some decentralized exchanges (DEXs). One of the easiest and most convenient ways to buy QRDO is via KuCoin, by following the steps given below:

1. Start an Account With KuCoin

Register for a KuCoin account if you have not done so already. Complete your KYC verification to gain access to our entire range of services and offerings.

2. Add Crypto Funds to Your Trading Account

Convert your trading capital from fiat currency into crypto using the KuCoin Fast Trade service. Select from more than 70 payment methods, including Visa, Mastercard, SEPA, and PayPal.

You can also use the KuCoin P2P section or interact with third-party sellers on our platform directly to add funds to your trading account.

3. Buy QRDO on KuCoin With Existing Crypto

KuCoin also supports using existing cryptocurrency holdings to buy Qredo and other digital assets. Transfer your crypto holdings from your external wallet into your KuCoin trading account.

4. Trade QRDO/USDT on KuCoin Spot Trading

Visit the KuCoin Spot Trading section to find the QRDO/USDT crypto pair. Review the real-time Qredo price, QRDO market cap, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the QRDO price chart before placing a new trade in the market.

Enter the number of USDT you wish to exchange for QRDO and check the number of QRDO tokens you can receive and the trading fees you will have to pay. After verifying all transaction details, click on ‘Buy’ to execute the trade.

5. Receive and Store QRDO Securely

A few minutes after successfully executing your buy order, your KuCoin trading account will be funded with the new QRDO coins you have purchased. You can continue to hold them in KuCoin or withdraw them to your external wallet for more secure, long-term holding.


What is the Qredo (QRDO) Price Prediction?

Qredo could be an exciting asset to consider investing in long-term. As a project, one of its most substantial advantages is a mainstream application for its technology.

Although it is impossible to make an accurate QRDO price prediction over any duration, the Qredo token could be an excellent investment to help you diversify your crypto portfolio. It is worth investing in QRDO if you want crypto assets with real-world applications and mainstream adoption potential.

The QRDO price could witness an uptrend amid the rising adoption of Qredo’s technology by large institutions looking to enter the crypto market. The Qredo price statistics could also enjoy support from more partnerships such as the one with MetaMask Institutional that can drive mainstream adoption of digital assets as an investment class.

The value of Qredo could also tick higher amid rising interest in digital assets among institutional investors. This class of investors will need solutions like Qredo for capital efficiency and to securely manage their holdings, driving up the value of Qredo as a project and crypto asset.

Finally, the Qredo live price could also benefit from improving the market sentiment towards cryptocurrencies. When leading cryptos like Bitcoin and Ethereum trade upwards, investor confidence gets a boost, and more buyers enter the market, looking for new and exciting digital assets like QRDO to invest in.

What is QRDO Used For?

The QRDO is the native token of the Qredo ecosystem and has several uses. Let’s take a look at some of the use cases for QRDO crypto below:

Pay Transaction Fees

All transactions within the Qredo network use the QRDO token. In addition, users pay transaction fees and custodian fees for various services used on the Qredo blockchain using the QRDO crypto.

Pay Incentives

Qredo also uses the QRDO token to reward market makers, liquidity providers, and the decentralized autonomous organization (DAO) community members for their engagement within the platform. Qredo distributes these rewards from earnings received through transaction fees and other income the platform generates.

Staking Token

Validators can stake QRDO tokens on the Qredo Network, which utilizes a Delegated Proof of Stake (DPoS) consensus mechanism to verify transactions and produce new blocks. Validators are also responsible for performing swaps or exchanging various digital assets using Qredo’s infrastructure.

Crypto Asset to Trade and HODL

QRDO is available for trading on most top cryptocurrency exchanges and DEXs too. You can buy or sell Qredo against other digital assets or hold it long-term if you believe in the project’s future potential. Check the current price of Qredo, QRDO live market cap, 24-hour trading volume, current circulating supply, and latest crypto news before you trade Qredo.

Earn Passive Income

You can stake QRDO on the Qredo Network to earn exciting APYs and grow your crypto portfolio. Staking QRDO offers a convenient way to put your crypto holdings to work and is a good strategy for long-term holders of QRDO tokens.

What is Qredo Built on?

Qredo’s layer-2 network is blockchain-agnostic and can be deployed on any Layer-1 network. This unique feature allows the Qredo Network to support blockchain interoperability, letting users swap digital assets across multiple blockchain ecosystems on its infrastructure.

The Qredo Network blockchain was designed using the open-source Tendermint state machine software. The Tendermint consensus protocol leverages Byzantine Fault Tolerance (BFT) and supports the interoperability function of the Qredo blockchain.

How to Stake QRDO on Qredo Network

Staking can be a lucrative option to put your cryptocurrency investment to work and generate passive income. Here’s how you can stake QRDO on the Qredo Network:

1. Create a new account on Qredo Wallet if you are a new user.

2. Buy QRDO on KuCoin or other supported platforms and transfer the crypto to your wallet to fund it.

3. Hold QRDO in your Qredo Wallet for automatic staking and earning yields whenever Qredo Network conducts staking events.

4. Sit back and earn QRDO rewards and watch your holdings grow over time.

How to Connect MetaMask Institutional (MMI) to Qredo

If you have a MetaMask Institutional account (Blue Fox logo), you can use Qredo to secure and manage your crypto assets. Here are the steps to connect MMI to Qredo:

1. Create an account on Qredo if you don’t already have one, and set it up.

2. Click the Profile icon and view the Settings for your organization’s account on the platform.

3. Head to Connections in this section. Ensure you are logged into the account as a Trader or Administrator to access this feature.

4. Click on Install MMI to install your device's MetaMask Institutional browser extension.

5. If you have a retail MetaMask account (Orange Fox logo), disable it before you install MMI on the device.

6. On the Connections tab on Qredo, click on Connect to MMI after you have installed the browser extension.

7. Create a new account (Account 1 by default) on MMI. After you set up this account, MMI will automatically detect your organization’s account on its platform.

8. Find your MMI account and connect your Qredo wallet by clicking on Connect.

9. Use your Connected Wallet through the account icon on MMI instead of Account 1.

QRDO Price Analysis

Live Price

The live price of QRDO is 0.1692 USD, representing an increase of +2.54% in the past 7 days and +12.80% increase in the past 24 hours.

Historical Trend

The all-time high of QRDO was -- USD on Invalid date, from which the coin is now down .
The all-time low of QRDO was -- USD, from which the coin is now up .
Want to get the latest price of QRDO? Head to the KuCoin Exchange for 24/7 live updates of QRDO/USD prices and the ability to buy/sell crypto quickly.