Are you ready to become a Patron of Q? The Q Patron Program rewards loyal supporters of Q. Commit your QGOV tokens today and obtain a total APR on your QGOV tokens of up to 81%.
Under the Q Patron Program, you commit your QGOV tokens for a duration of 6, 12 or 18 months. As a reward for supporting the Q ecosystem and its security, you receive additional QGOV tokens. In this way you can obtain APRs of up to 55%. When combined with other sources of token rewards, this can bring your total APR on your committed QGOV tokens to ca. 81%.
You can participate here: https://patron.qdev.li/
What is the Q Patron Program?
The Q Patron Program is a strategic initiative by the Q International Foundation aimed at encouraging and rewarding long-term supporters of the Q Protocol.
QGOV token holders play a vital role in securing the Q Protocol. Through active governance participation and delegation of stake to validator nodes, they support both governance security AND transaction security of Q. The Q Patron Program aligns with Q International Foundation’s vision of building a stable, committed community that actively participates in the governance and thus ensures the success of the Q Protocol.
How does the Q Patron Program work?
Q Patron Program rewards and APR
By committing QGOV tokens for 6, 12 or 18 months to the network, QGOV token holders can earn substantial additional rewards:
- 6 months time-lock – 15% APR
- 12 months time-lock – 40% APR
- 18 months time-lock – 55% APR
Total QGOV APR
In addition to the Q Patron rewards, your committed QGOV tokens benefit from regular Q token holder rewards and – if you choose to delegate to a validator – delegation rewards:
- Q token holder rewards (automatically allocated) – currently ca. 15% APR
- staking or delegation rewards (in case QGOV tokens are staked or delegated) – currently up to 11% APR
This can bring the total APR which you can earn on committed QGOV tokens to 81%:
Start date and duration
The Q Patron Program starts on 22 July 2024.
You can join in one of three phases:
- Phase I: 22 July 2024 – 19 August 2024
- Phase II: 19 August 2024 – 16 September 2024
- Phase III: 16 September 2024 – 14 October 2024
You can top up your QGOV time-locked balance at any time during any of the three phases.
Token budget and restriction per person
The total QGOV token budget is limited to 5 million QGOV tokens. Participation is on a first-come-first-served basis. Once the QGOV token budget has been depleted, the Q Patron Program will be closed for new participants. It is therefore advisable to enter the program early.
Participation in the Q Patron Program at the conditions described above is limited to 100,000 QGOV tokens for each phase. You can time-lock any amount, but Patron rewards will be reduced for time-locked QGOV tokens in excess of 100,000. This is necessary to ensure that everyone gets a fair chance to participate.
Step-by-step guide
- Get QGOV tokens: If you do not already own QGOV tokens, the first step is to get some, for example on a decentralized exchange or a centralized exchange. You can find some decentralised exchanges.
- Time-lock QGOV tokens: Head over to https://patron.qdev.li. Sign in with your wallet and click on the “Lock Tokens” button and choose the amount of QGOV and the period for which you would like to time-lock your QGOV tokens: 6 months, 12 months or 18 months.
- Claim rewards: Head over to https://patron.qdev.l/claim-rewards. Sign in with your wallet and click on “Claim Rewards”. The Q Patron rewards will then be credited to your account and released over the time-lock period.
You can repeat steps 1 to 3 as often as you want within the duration of the program and within the per-person limit of 100,000 QGOV tokens.
While your QGOV tokens are time-locked, you can participate in all governance activities on Q: Vote on proposals, submit proposals, elect or be elected as an Expert or a Root Node. You can run a validator node yourself or delegate your stake to another validator node.
Take action now and become a Patron of Q
QGOV token holders play a vital role in the Q governance framework. As key stakeholders, they contribute to Q’s governance security and are rewarded for their participation. This includes a share of governance fees and other fees generated within the Q ecosystem such as transaction fees and tokens from successful slashings and Q Stablecoin Surplus Auctions. Additionally, QGOV holders can boost their rewards through Q’s in-protocol stake delegation mechanism by delegating stake to a Validator of their choice.
Q’s competitive fee structure creates a sustainable economy by linking value creation and security. This alignment of incentives stabilizes the economy over the long term by creating a positive feedback loop between the rewards Q stakeholders receive and the governance and transaction security of the Q Protocol.
Join the Q Patron Program today and become part of a future where your participation shapes the governance and success of Q. Commit your QGOV tokens, receive substantial rewards, and contribute to a decentralized future!
How to get QGOV Tokens? Check out at: decentralised exchanges that support QGOV
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