Introduction
QueerCoin ($QUEER) is a utility cryptocurrency that will help create more support for the LGBTQ community around the world.
It runs in HIVE and BSC blockchains for their ease of use, “fee less” transactions that HIVE has and the low fees that the BSC network has.
Technical Details
QueerCoin is designed to be used to buy NFTs in our future marketplace and to create DAOs specifically for, but not limited to, LGBTQ groups such as support groups, non-profits, etc. This will facilitate the management amongst such groups and will help broaden their reach.
Partnering with DAODAO, we will create DAO tokens for each individual group to allow them to have an equal voice in leadership and ownership. Creating more egalitarian and safe spaces so that the community can express themselves, support causes that interest them and feel empowered.
Due to the multi-chain nature of the coin, there will be a bridge between BSC and HIVE to exchange tokens in a 1:1 (+gas) ratio. This will be introduced once there is sufficient circulation of tokens on both networks.
To increase the value of QueerCoin for holders and early supporters, once sufficient circulation is achieved on both networks, tokens will be burned at a rate of 1% per quarter for as long as is sustainable.
The Purpose
There are currently three primary purposes for QueerCoin:
Create a DAO governance token for LGBTQ groups worldwide. The actual DAO tokens will be made available via DAODAO on the DeSo chain.
Donate to The Trevor Project: For all official NFT's that are sold, 50% of the profits will be donated to The Trevor Project. Receipts will be posted on the project's Discord server as well as on the official QueerCoin account on DeSo and Twitter.
Allow the LGBTQ community to take up, own, create and have a space in the Crypto world.
Tokenomics
There is an initial supply of 4,000,000,000 QueerCoin tokens on HIVE and 2,000,000,000 QueerCoin tokens on BSC, making the total number of QueerCoin tokens 6,000,000,000. Of these, the chart below will illustrate how they will be distributed.
Staking Pools
40% of all QueerCoin tokens will be reserved for staking pool rewards. There are 3 staking options available on the TosDis website: 6 months, 1 year, and 5 years.
6 Month stakes will receive 8% APY: https://app.tosdis.finance/poolView?pool=0x3C3E4FaE76d420551711061d4a02E3bd89B1F662
1 year stakes will receive 15% APY: https://app.tosdis.finance/poolView?pool=0x0184eAac37223E04b29d48Fc61998eb04F15A911
5 year stakes will receive 25% APY: https://app.tosdis.finance/poolView?pool=0xB47E6502f05D861AFBbc9e956D5335A2029B0751
Founders
20% is allocated to the founders who purchased one of the 75 Founder's Tokens at the launch of QueerCoin.
Airdrops
Another 20% will be allocated to airdrops at launch.
Exchange Liquidity
The final 20% is to be used for creating liquidity on exchanges including: SundaeSwap, WingRiders, and MuesliSwap.
This Whitepaper is only informative and the QueerCoin team reserves the right to change it at any time without liability