The intent behind QueerCoin ($QUEER) is to create a cryptocurrency that is both functional and will help to create more support for the LGBTQ community. The Cardano Network was chosen for both its ease of use and being largely benign to the Earth around us, unlike other chains such as Ethereum.
QueerCoin is designed to be used for DAOs specifically for, but not limited to, LGBTQ groups (support groups, non-profits, etc.) to help facilitate better management amongst such groups.
There are currently three primary purposes for QueerCoin:
There is an initial supply of 1,000,000,000,000 QueerCoin tokens. Of these, the chart below will illustrate how they will be distributed.
50% of all QueerCoin tokens will be reserved for future DAO structure.
20% is allocated to the founders who purchased one of the 75 Founder's Tokens at the launch of QueerCoin.
Another 20% will be allocated to airdrops at launch.
The final 10% is to be used for creating QUEER pools.
