Published May 6, 2022
By Qredo Team

Qredo Monthly Update: April 2022

Welcome to our monthly roundup of all things Qredo!

In response to community requests and to provide more regular information about how the Qredo project is evolving, here is our monthly recap of Qredo Network activity and highlights.


Check out the latest updates on how Qredo is helping El Salvador's ongoing push for bitcoinization.

Qredo is now a registered bitcoin services provider as defined by the Banco Central de Reserva de El Salvador (BCR). 


NETWORK 🌐


Qredo stats 📊

💱 New Qredo accounts: 1K

💃 Total number of Qredo wallets: 61.03K 

📈Qredo Network transactions: +20% MoM

👜 Qredo Web3 Wallet Transactions (MMI): +29.5% MoM


Now Qredo staking compounds weekly!
Qredo’s 3-month bonus staking may have come to an end but we're pleased to share that the Qredo staking APY of 10.1% will now compound WEEKLY! Valid for both new and existing deposits 💥

💸 DEPOSIT NOW AND EARN!

PRODUCT 👩‍💻


Qredo Roadmap Progress 🗺️
We’d like to share the latest status updates on some of our key product initiatives:

  • Qredo Web3 Wallet (WalletConnect Support)
    On track and soon into alpha testing. Next month we will publish requirements for our public beta testing.

  • Stable Coin Mint
    On track. 95% completed.

  • MetaMask Institutional Dashboard
    On track.

  • Travel Rule
    Good progress with the Travel Rule solution. We will share more updates during May around this solution.

  • 60 ERC-20 tokens
    Due to the nature of Qredo Network, adding tokens is not a simple process. We will start adding tokens during Q2 but will probably not reach the original target. We are prioritizing the addition of tokens based on a number of factors, including community requests and ecosystem partnerships. Nevertheless, users will still be able to store any existing ERC20 tokens on any EVM through our Web3 Wallets.

  • New Layer 1s: Polkadot / BNB Chain / Terra / Fantom / Near / Avalanche
    On track.

  • Enhanced Insurance
    On track and being tested with some Qredo Network users.


Qredo-MetaMask Institutional 🦊

Qredo’s integration with MetaMask Institutional goes from strength to strength — giving a wide range of professional investors a secure , efficient, and compliant way to engage with DeFi.

In this new interview, John McCane-Whitney, Qredo Director of Product, tells the story of how these two best-in-class solutions work together and what the Qredo-MMI integration delivers: 


LISTINGS 🚀


Continuous growth in QRDO listings raises awareness of the token, increases market depth, and improves access to new investor communities in different countries.  

New April listings include: 

This is the first regulated US exchange to list QRDO.

COMMUNITY 🥰


AMAs are an important part of our program of engaging with, and building community, Here’s a recap of our March activity:

CAPITAL RADIO - April 27th

Community Twitter Spaces AMA - April 20th 

CoinF AMA - April 8th

​​Enjoy My Hobby AMA - (Korean Community) - April 7th

DeFi for institutions with Request Network - April 7th 


More events coming soon! Watch our feeds (Twitter | Telegram) for details 

💡 Our community is very important to us and we’re always listening to your feedback and ideas. Anything you’d like to see from us? 

CRYPTO CONFERENCES & EVENTS 🤝


As our regional presence expands, we're excited to share that Qredo will have a growing presence at future crypto conferences events. It's a great way to spread awareness of what Qredo is doing and build new relationships. If ever you ever see us at an event, please come say hi!

Qredo event activity in April:

Qredo's Lilia Severina, Sachin Gurung, and Ben Whitby at CryptoCompare in March.

🌴 Going to Permissionless in Florida (May 17-19)? We’ll be there at booth 1024. Come say hi!

JOIN THE REVOLUTION 💼


We’re growing fast and recruiting for a wide range of different roles.

With over 134 employees already, Qredo is a remote-first team that prizes skill, creativity and collaboration. See if there’s a role that suits you or someone you know: 

See Qredo open positions

QREDO IN YOUR EAR 🎧


Qredo’s growing library of panels, interviews and other great content is now available through our new podcast channels. Choose your watering hole:

QREDO IN THE NEWS 📰



STAY TUNED IN MAY! 📅


Recorded through April, Qredo's Ben Whitby has been doing some not-to-miss interviews with Real Vision.

The first – with Lex Sokolin, Head Economist at Consensys — was published early this week. Watch it below. Others coming very soon!

PS Curious about the most important regulatory updates? Ben's monthly Regulatory Radar has all you need to know.


We hope you enjoyed this overview — we'll be back next month with another 📅

Meanwhile, stay in contact with us on Twitter and Telegram!

Onwards!

Team Qredo

📈 Open a Qredo Wallet and enjoy 10.1% APY staking (compounded weekly)


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