Tokenization

Tokenization refers to the representation of various assets within the Quadratic ecosystem. These assets may represent transferrable value within the ecosystem (such as the Quadratic ERC20 token) or may represent transferrable ownership (such as a Quadratic Identifier ERC721 token).

The Quadratic (QUAD) token

The Quadratic token is a cryptocurrency used to attach monetary value to an asset or action on the Quadratic Platform.

The concept of attaching cryptocurrency-based value to a digital asset used within the Quadratic Identifiers resolution protocol which requires a staking of Quadratic tokens to generate a resolvable digital object. This digital object is represented as a Qu.Id non-fungible token and the protocol will hold the staked Quadratic for the life of the Quadratic identifier.

Qaudratic will be minted for general usage. The amount of Quadratic minted is yet-to-be-determined.

Quadratic will be acquired by exchanging other tokens at a rate determined by the market.

Initially, value raised through exchanging Quadratic for other tokens will be used to fund on-going development of the features set out in Milestones and for other day-to-day expenses.

The Quadratic ID (Qu.Id) token

Initially a tokenized representation of a digital object. This could be expanded to represent other digital identifiers such as a contributor profile or citation.