The Qoin Tokenomics

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Overview as at 20 January 2020

Ticker: QOIN

Type: Utility coin

Country of initial issue: Australia

Maximum authorized cap: 10B coins

Coins issued: 200 million

Total coins in circulation: 200 million

Month of first issue: January 2020

AUD price per QOIN: AU$0.15

USD price per QOIN: US$0.10

Accepted currencies: Fiat, BTC, ETH

Status of blockchain and wallets: Completed

Merchants in ecosystem: 500

Market capitalisation in AUD: AU$30.0 million

Market capitalisation in USD: US$20.0 million

Future issue of coins

New Qoins can only be minted into the Reserve when a new Registered Merchant is on-boarded into the merchant ecosystem
New Qoins to the value of US$7,500 will be minted at the Qoin price when the Registered Merchant joins the ecosystem and agrees with the terms & conditions
The Reserve is authorised to distribute the minted Qoins to the following recipients:
- Node validators
- Sales Agents that attract, recruit, and sign-up merchants
- Service Providers that onboard the new merchants
- Merchants that reward and incentivise their customers
- Consumers for approved rewards and incentive programs
- Tech development to continuously enhance the user experience
- Exchanges
A super-majority of Qoin Association Members must annually review and approve the prices paid to the above recipients to ensure that payments remain market related.

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Overview as at 20 January 2020

Please note that the Combined FSG & PDS has been updated, as at 21 May 2024.