MAP Payment Options
How operations are paid
For processing payments on QolaQ’s MAP, QolaQ will initially use USDC. In the future, QolaQ will consider adding additional potential options, including but not limited to QolaQ’s Token (“QLQ”), based on community feedback.
QolaQ is initially utilizing USDC due to a variety of factors. One of these factors is that USDC is already integrated into QolaQ smart contracts as QolaQ’s smart contracts are built using Soroban, a Stellar network platform. USDC, via the Stellar network, provides a cost-effective solution with near-instant settlement, enabling Members to swiftly send and receive USDC while minimizing transaction costs. USDC is also consistently ranked as one of the top stablecoins globally, with the established infrastructure to provide payment gateways and conversion in/out of currencies in 130+ countries. These features make USDC an especially appealing and affordable option for cross-border solutions, especially in supporting the global operations of QolaQ’s MAP.
Empowered by smart contracts and operating on Blockchain Technology, QolaQ enables Members to:
Join one or more of QolaQ’s Programs;
Vote in QolaQ’s MAP claim process;
Participate in QolaQ’s MAP governance.
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