The QUASA team has decided to burn the majority of its Quasacoin (QUA) supply.
Hello!
For over three years, QUASA has been regularly buying back and burning QUA to increase the value of remaining tokens by reducing their supply.
This is the third largest QUA token burn in history since its inception in 2017. In total, 50% of the total number of issued tokens will be burned.
The tokens being burned were issued as part of the company's product rollout on the Quasa Chain blockchain.
With the closure of the Quasa NFT application project, which operated on the Quasa Chain blockchain, there is also no need to maintain the Quasa Chain blockchain infrastructure.
Markets everywhere develop in roughly the same way - when leaders emerge over time, and the rest disappear. The same is now happening in the blockchain solutions market, with large ones absorbing small ones.
Large investments by leaders make it difficult to obtain a small share of the blockchain solutions market, and high competition in this market leads to a decrease in its attractiveness and a low probability of taking a worthy position.
Therefore, we are closing the Quasa Chain blockchain network project and, as we wrote earlier, we are gradually abandoning all third-party projects.
The QUASA team will focus only on the company's main product - the QUASA CONNECT remote work application.
Following this announcement, QUA tokens will be burned.
After burning, the number of tokens in circulation will be:
Total Supply - 254,553,218 QUA
Total supply = Total coins created - Coins that have been burned.
Circulating Supply - 79,707,829 QUA
Total Circulating Supply = CEX + DEX + Personal wallets
Team - 174,845,389 QUA
In other words, after the burn, only 79 mln. QUA will be circulating in the market, and the remaining 175 mln. will belong to the team.
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.
The ultimate goal of all buybacks and burns is to protect the investments of QUA holders and create conditions for dynamic growth of their value. According to the team, a small number of tokens in circulation will increase investment potential for new investors and protect the investments of “old investors”.
QUASA Creates a New Freelance and Cryptocurrency Market
QUASA combines two ideal markets - cryptocurrency and freelancing. The QUASA mobile application has no analogues and is head and shoulders above all its closest competitors.
To create a competitor similar to QUASA, it is necessary:
- invest at least $1M in development;
- invest in your own token and listing on exchanges - min. $1M;
- invest in marketing and PR of the crypto project - min. $1M;
- time - min. 3 years.
In other words, the complex process of developing a mobile app featuring crypto payments and bringing it to market requires expertise in mobile development, blockchain technology, substantial financial backing, and extensive marketing efforts.
That is why QUASA has taken the leading role and is creating a new freelance market without territorial boundaries, displacing classic centralized services.
QUASA implements a full cycle of execution of any tasks in the functionality of one application, using blockchain and smart contract technologies, which eliminates the problem of trust, information barriers and legal costs.
- Commission 6%, unlike regular freelance exchanges, where it cannot be lower than 20%;
- Crypto payments. Instant.;
- Escrow smart contracts on the blockchain.
QUASA is the first app for freelancers where the third party that holds the agreed amount is blockchain, a database technology that makes fraud impossible.
In doing so, we create new and innovative ways to exchange money for labor/value without major points of failure.
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QUASA is The World's Only Mobile App For Remote Work With Payments in Crypto.
- There's a $150 billion market at stake = That's the price of the problem. When the price becomes prohibitive, it becomes a problem. Business solves the problem.
- QUASA reduces costs and offers an alternative, non-fiat approach that solves this problem with costs 10-20-50 times lower than those of classic freelance exchanges.
- The remote workplace services market is projected to grow at a CAGR of 23.1%, reaching USD 153.6 billion by 2032. (According to data: Market US)
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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