Hello Community, We are updating a number of things for the QNODE.DEFI development. The Qnode Group behind the Qnode Blockchain and its defi project makes plans to implement imminent changes to the Qnode.Defi (QND) token on Binance smart chain. Below are what to note and changes to expected
⛓️ THERE WAS AN EXPLOIT
Our team have experienced some phishing exploits to our developmental wallet and hard-attack to our algorithmic bridge almost 2years ago. For unforeseen circumstances, we couldn't intervene immediately. We therefore apologies. We are set to resolved these challenges and officially migrate and rebrand Qnode.Defi (QND) as a better solution for the protocol’s progress.
⛓️ THE NEEDED MIGRATION & REBRAND
As result of the exploit to our development wallets, we lost all reserve supply to an infested wallet that was phished except the coins on native chain. For these, $QND will be re-branded and migrated as follows:
Name: Subnet Qnode.
Circulating Sup: 2,498,455.417773 SQN (for Swap & bridge)
Finality Supply: 7,695,000 SQN (finality can exhaust in 32yrs.)
Consensus/Strategy: PoW — Smart Contract
Swap Ratio: 1 QND : 1 SQN
Chain Rate: 0.3125 SQN/QNC
Contract on AVAX: 0x46efa41d18462c4308288cf0dc72da4485da4d01
Description: The Subnet Qnode is the first algorithmic governance driven token with an underlying x11 network via a smart-contract. Subnet Qnode combines the traditional Qnode Blockchain + Decentralize finance in one piece.
⛓️NEWLY PROPOSED USE CASE FOR SQN:
At the launch of the Staava Blockchain, SQN will be verified as additional collateral assets for minting Black Tether (USBT). USBT is a proposed stablecoin for the Staava Subnet. click here for more details.
⛓️HOW TO MIGRATE & SWAP QND
#1. Create an Exchange account on 👉 Xegg-Exchange
#2. Deposit all QND to Exchange Account.
#3. Search for QND/SQN market and swap 1:1
#4. Trade all QND in your possession for SQN.
⛓️Expected Markets on XEGGEX:
SNQ/USDT, SQN/LTC, SQN/XPE
⛓️AIRDROP SHEDULED FOR ALL FIRST 200 WALLET TO MIGRATE
We have schedule also an airdrop of 20% of your SQN balance to after we spot the first 500 wallets holding at-least 100 SQN to be eligible.