Qi Dao
QI

0.3978
$
3.05 %
Change 24h
Market Cap
$ 13,300,800
Volume 24h
$ 163,548
Circulating Supply
33446205
Total Supply
200,000,000
QI
$
Description
The Qi token—the governance token of the QiDao Protocol—allows those who hold it to vote on changes to the QiDao Protocol. Anyone, not only Qi holders, can submit proposals for a Qi vote. Qi tokens have to be staked to form xQi in order to vote. Qi holders will decide in a consensus how to distribute the Treasury funds to pay for various infrastructure needs and services. The funds in the Treasury are revenues from Closing Fees, and other income streams. The governance mechanism is designed to be flexible and upgradeable over time.
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