QUA Burning
This strategy increases the stability of the QUA token. In general, the attractiveness of investments in a reliable token increases, and its growth potential increases. The QUA token will withstand the upcoming period of high turbulence and upheaval in the cryptocurrency market. This is the second largest QUA token burn since the previous one, which took place in March 2023.
Burnable tokens have been issued for the implementation of two of the company's products - the Quasa Connect application and Quasa NFT.
The QUASA team is currently abandoning the implementation of this concept. The NFT sphere is characterized by high competition. Large investments of leaders make it difficult to obtain a small share in the NFT market and are unattractive.
In addition, success depends on many unpredictable factors, including trends, hype and high volatility of the NFT market. Finally, the NFT sphere is subject to fraud and deceit, which requires all participants in the constant vigilance market. Cases of fraud, when investors lose money on fraudulent projects, are not uncommon. In connection with these factors, we believe that NFT Business has an incredibly high level of risk, especially because there is no confidence in the possibility of standing out in this crowded and competitive space.
Therefore, a decision was made to close the QUASA NFT physical asset tokenization project.
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This decision will allow the QUASA team to focus only on the company's core product - the QUASA CONNECT remote work application.
All the developments that were made during the development of the innovative QUASA NFT blockchain application will not be lost and will be applied in the company's anchor product.
Deploying the world's first Web3 Quasa Connect app with cryptocurrency payments capability is a priority.
Unlike the NFT market, QUASA is leading the remote work market by offering an innovative mobile app that supports cryptocurrency transactions. Our specific goal is to capture a significant share of the remote work market within a few years and expand our user base to several million users.
A few days after this announcement, the token burn will take place. After burning, the number of tokens in circulation will be:
Total Supply - 509,106,435 QUA
Total supply = Total coins created - Coins that have been burned.
Circulating Supply - 80,209,234 QUA
Total Circulating Supply = CEX + DEX + Personal wallets
Team - 428,897,201 QUA
In the future, depending on the situation, the team will continue to make the buyback of their QUA tokens and can continue to burn them.
Rating Systems:
You can always check the number of burned QUAs here.
Quasacoin (QUA) is an internal platform ecosystem token that is implemented on the Ethereum blockchain and is compatible with all ERC-20 wallets.
QUA is gaining popularity, the community is growing, and the site traffic is over 300K unique visitors per month.
With the dynamic development of the remote work and cryptocurrency markets, as well as QUASA's strong presence in the crypto media space, the Quasa Connect app is experiencing active growth in its customer base.
The new crypto-settlement tools in QUASA democratize access to services traditionally tied to fiat money and banks, and open up opportunities for hundreds of millions of people.
No intermediaries, only the customer and the contractor, no banks, payment systems, no conversion fees, no taxes, no “Big brother".
By connecting their crypto wallet, the freelancer and client instantly make payments using the Quasacoin (QUA) crypto.
QUASA is The World's Only Mobile App For Remote Work With Payments in Crypto.
Chronological order of publications about significant events related to the circulation of tokens:
- The QUASA team has completed the buyback of its #QUA tokens (#Quasacoin) for a total of 2,112,075 QUA
- Where are QUA tokens located and how many are in circulation?
- Quasacoins (QUA) Circulating Supply
- Quasacoins (QUA) in Free Circulation
- How Many Quasacoins (QUA) Are There in Free Circulation?
- QUASA announces a 99% burn of QUA tokens
- Emission of Quasacoins (QUA) III
- Quasacoins (QUA) Burn Announcement
- Emission of Quasacoins (QUA) II
- Emission of Quasacoins (QUA)
How can people learn more about Quasa?
You can keep abreast of everything by subscribing to the official X (Twitter) account or by joining the Telegram chat and communicate directly with the project team.
On the project website, in the QUA emission section, all information about Quasacoin and a phased development plan for Quasa Metaverse are presented.
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