Welcome to Quota!
Disclaimer: This document is for informational purposes only and the information contained in this document is subject to change without notice. Quota team will not be liable for any losses and/or damages in connection with the use of the Quota Ecosystem or any information contained in this document. Quota is not an investment product, and is not intended in its design or distribution to be utilized as a form of investment, speculation, or a financial product.
Abstract
Bitcoin and other cryptocurrencies have been recognized to offer a technologically superior, secure, and transparent alternative to fiat monies and existing centralized financial services through the correct application of blockchain technologies. And, many decentralized digital asset protocols exist, yet have failed to reach mass adoption at scale with the general public. Since, the value of anything is dependent on its market supply/demand, and as current data shows that market sentiment and protocol adoption is directly correlated with network effects largely driven by community; A successful new digital asset protocol and its monetary policy must allow for scalability of adoption through maximizing ecosystem participant incentives whilst allowing for a decentralized, transparent, and autonomous governance system. This system should allow for the identification of problems and deficiencies identified by ecosystem participants, controlled by said participants. We are proposing Quota, a community network effect driven protocol which allows for participation and incentivization at a granular level across all ecosystem participants and stakeholders, with rewards and incentives for participants at all levels of knowledge depth. This informational whitepaper explains some of the design principles, functionality, features, and other details behind the Quota core contracts.
Introduction
The Quota Protocol is a multifaceted DeFi ecosystem built with the single purpose of : Building critical mass via truly decentralized mass adoption. Achieved by incentivization of community participation in the growth of the ecosystem for all levels of participants. Quota aims to gather an aggregate community of a mix of different types of stakeholders from a wide range of depth in knowledge of crypto. We aim to be the onramp for first-time participants by offering simplified incentives as well as more complicated incentivization protocols for both the intermediate and even the truly crypto-native. Our aim is to allow for a wide-ranged audience to both, truly interact with each other and benefit from having a diverse community whilst lowering the barrier to entry for those newly entering the space. The people who would be interested in contributing to the SubDAO ecosystems and governance would not be the same audience interested in the NFTs, or the people who are looking for speculative digital assets, or the people who are looking to contribute to the growth of the ecosystem via providing liquidity, or developers and creatives looking to offer more direct ways to contribute to the growth of the protocol, and the countless other audiences within the crypto space. By offering a protocol design that has a plethora of functions and features that will be both unique and familiar to all sides of the spectrum, Quota truly offers a new approach to one of the most fundamental problems within the digital asset space; Adoption.
Core Features
Quota boasts a completely unique and multifaceted DeFi ecosystem with a long list of features. Protocol features include but are not limited to:
NFT Membership Referral System: The world’s first NFT membership based fully-decentralized multi-tiered referral system that is completely unique in design and completely on-chain. This referral system functions as a membership system which allows for pseudonymous referrals by applying NFT technology. Mandate of referral rewards are logged and stored within the NFT meaning that it allows for the right to the rewards of those referrals to be stored in the authority of the NFT.
An NFT Factory/Issuer: Which allows users to directly issue their NFTs themselves based on their respective membership TIER requirements/criteria.
AAS: An automatically adjusted elastic supply which aims to reach price/supply equilibrium by contracting or expanding the supply based upon the market price comparison of the token to one of the world’s best performing market indicators, the S&P 500 Index. This autonomous algorithmic supply correction is intended to lower the volatility curve of the asset whilst allowing ecosystem growth contribution and stake based incentive mechanisms.
The Philosopher’s Springs: A perpetual staking pool that is fueled by ecosystem growth and asset market performance. This is intended to not only serve as an incentivization tool for LPs but, also intended in game-theory design to act as an additional autonomous buffer for combating immediate surges in inflation/deflation.
The Quota Launchpad: A fully functioning token launchpad that is community driven. Meaning that all protocols go through due diligence and approvals through proposals via community governance through the subDAO that governs the Launchpad, called the BetaDAO.
The AccelDAO: An investment DAO and accelerator which governs the DAO treasury pool for investment allocations towards projects admitted to the Launchpad via the BetaDAO.
Decentralized Community Governance: A fully decentralized on-chain community governance system that controls virtually every element of the protocol’s smart contracts and their parameters.
Bonds Program: Quota bonds are a financial primitive tool for users to sell their LP tokens(Sell their liquidity) back to the foundation in exchange for 4.0V2 tokens at a 10% premium to the market price. In other words, Quota Bonds provide a 3rd party pricing mechanism for any paired liquidity for the 4.0V2 token and the other tokens used to provide liquidity. So a pricing mechanism without an oracle for the LP tokens.
Fair Distribution: Decentralization of supply through initial fair distribution with no capital raised via private institutions or private sales.
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