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FAQ
Frequently Asked Questions
What sets Quid apart from thousands of other cryptos?
Quid Ika is the ONLY crypto project with a functioning utility before launch. Our community has risen from a dying ecosystem into a flourishing Ikasystem. The Quidity App is already generating revenue, so itโ€™s not some potential idea of the future. The future is now.
Is Quid just another meme token?
Definitely not! While Quid does have good โ€œmeme-abilityโ€ with it, it is backed by the Quidity app that already has working utility.
Are Quid gas fees lower than other tokens on Uniswap?
Proudly yes, we deployed a simple contract with no fancy gimmicks that provide nothing to the holders but headaches. Our contract is simple and provides for low gas. Wish we could get rid of gas all-together, but providing a simple contract is the next best thing.
Why do I have to pay gas fees?
Unfortunately, thatโ€™s just part of the process of purchasing any token on Uniswap (including $UNI). The only way around this is by purchasing through a CEX, but that is not something that will happen until later on. For now, everyone must purchase Quid through Uniswap and pay the required gas fee for the transaction.
How does Quid generate revenue?
Glad you asked, we collect revenue from various avenues using our app. Token devs have to pay to get listed on the app, allowing their holders to benefit from the innovative features of the app. Devs also pay for ads on the app to gain exposure for their upcoming or existing tokens.
Quid also has a Launchpad that helps launch new coins in the Ikasystem. Quid provides all necessary resources for a successful launch, including contract creation, logo creation, web dev, free marketing, discounted ads, and more. Quid charges a % of transaction fees, so the more that Quid can help these projects succeed, the more revenue that will be generated for Quid and ultimately, Quid holders.
What does Quid do with its revenue?
All revenue is strategically withheld for buybacks and burns, which will increase the monetary value of Quid and benefit all holders.
Who runs Quid?
Quid is community-owned and truly decentralized allowing the community to govern through a system called Quidverse.
How did Quid come into existence?
Quid was founded by experienced crypto enthusiasts, developers, and entrepreneurs. Inspired by the mighty squid who has risen up the chain with no competitors in sight. We wanted to create a coin that combined both utility and a meme factor to make things fun and keep users engaged.
Quid was launched by the top holders of EPRO, who came to an agreement with the EPRO developer. The developer of EPRO was inactive, so the founders of Quid did a fair exchange; EPRO hands its community and liquidity, and QUID gives life to its holders. That goes without saying that Quid is not EPRO. It's a brand new token that saved EPRO. The developer of EPRO is not the developer of Quid and is not on the team.
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