Qurator ICO launch - Juicy details inside!!!
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The time has finally come to launch a Token connected to Qurator. The team has been thinking long and hard on how we can benefit both the project and all the members involved. The ICO we have in mind will be pretty simple and it will finally let us generate more profits since we will be able to let expensive Steem Power leases go.
Where does Qurator payouts go?
Since the very start of Qurator we always used most of your liquid payouts to boost our account with more SP in order to make our upvotes a little better and worthwhile for our members. We used the Minnowbooster lease market and some private investors to help us have as much SP as we can possibly afford.
The idea for the ICO is to power up more Steem Power and cash out some to help pay for server costs. That way we will be able to have some more liquid payouts to support the ICO.
QBonds (QB)
The initial idea is that we will sell the QBonds at a 1:1 ratio with Steem. Thus 1 QB will be 1 Steem. The QBond will be tracked within the Steem chain and you will be able to see your balance in our Discord Channel when visiting Qurator-Assistant and typing !profile steemitusername.
We will be handling the token as a kind of a loan, payouts will go out weekly to QBond holders and after the SMT's arrive you will have to option to convert you remaining QBonds to Q-Tokens.
With the loan option we will be accepting 1 steem for 1 QBond. We will use our profits to gradually pay out to token holders until they accumulated 1.2 steem. Each week we will distribute our profits to all the QBond holders according to their share. We do understand this will be a rather long-term investment and it will depend on price how fast or how slow you will receive your full return on investment. As we gather more internal steem from the ICO we will be able to let leases go and thus generate more profits which we can then use for faster payouts to QBond holders.
How to buy QBonds
All steem sent to @q-ico will be converted to QBonds and accredited to your QBond balance. Once we confirmed the transaction you will be added to the payout pool.
QBonds are available to all Steemians, not just Qurator members. If you believe in the Qurator project and what we do to help support the community feel free to invest.
Weekly payouts from @q-payout
As our profits roll in we will be sending them to @q-payout and from there they will be paid out to all the QBond holders according to the share of tokens you bought.
So if Tim bought 30QBonds and Bob bought 70QBonds. Tim will get 30% of the payouts and bob will get 70%.
First payouts to start on the 7th of December
SMT's
- Later when SMT's become available the option to convert your QBonds to Q-Tokens will become available. Holding Q-Tokens will activate profit sharing where there will be weekly profits for as long as you hold the Token. This means you can keep on receiving payouts well over 1.2 steem.
In true Qurator fashion we will always aim to give our members a little more than they give us. With the ICO we want to do exaclty the same. There are many ways to invest steem, but this way you will still get decent returns while you also help the Qurator Community and the Qurator Project.
Disclaimer
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Are you still selling qbond?
Magic Dice has rewarded your post with a 67% upvote. Thanks for playing Magic Dice.
We sure are! Open for business if you like some. =)
I would like 100, and I do have a question about the bond/token conversion. Is there still a possibility that the qbonds will be paid in full before SMT's, and thus rendered to zero before they can be converted to lifetime paying Qtokens?
I appreciate in advance your explanation, going to send 100 now.
SO what about those people who delegate to @qurator... are there Q tokens or bonds for that?
You get the vote, which is the promise surrounding the delegation. This token is a way to buy into the profits we are making into the future, but since SMT detail arent extremely clear except for the concept of founder tokens being confirmed, QBonds is the best we can come up with for now
Hey,
I’ve got a few questions:
Would it be possible to sell QBonds back to @qurator for STEEM at any point? Or will there be a secondary market where bond-holders can trade QBonds among themselves? Or will they be strictly non-tradeable?
Once the accumulated payouts reach 1.2 STEEM per bond, it will mean no more future payouts and the bond will be “liquidated”, do I understand correctly?
Will you continue issuing QBonds for an unlimited period in the foreseeable future, or do you have a “hard cap” on the total amount of QBonds to be issued?
The ROI is clear here, 20%. Do you – even very rough – estimates how long it might take for the QBond to reach “maturity” (that is, when the accumulated payments reached 1.2 STEEM)?
Hey,
Some good questions here.
For now there will be a way to trade the QBonds back for steem but since we might have to powerdown (depending on the amount requested) we will charge a 5% fee and a week long waiting period. No plans on trading between members yet.
Yes, once the full 1.2 steem is paid out the bond will be 0. When SMT's arrive our plans are to give members the options to exchange QBonds for Qtokens and holding those tokens will give constant payouts for as long as you hold the token.
For QBonds there isn't a hard cap just yet, since it is not really a financial token but more a kind of a loan that will be paid out over a period of time. Once SMT's arrive we will surely have a hard cap but no solid plans just yet, we need more info on exactly how the SMT's will work within Qurator.
This is the biggest question and it all depends on our internal profits. If we sell a only a few Q bonds then the payouts will be rather quick, over a few weeks, if we sell into the thousands then it might take longer since payouts will be slimmer. It also depends on the price of Steem, so if price suddenly goes up it means so will our profits. This is slightly experimental and we are also testing the waters with this. To give you a rough idea, we received a total of 170 steem so far. The first payment will be around 40-60 Steem being paid out to members, that is covering quite a lot. If we do see more Qbonds being bought it will take longer to pay out. Many factors, luckily you are early. ;)
Thank you so much for your very detailed and well-thought out answers, @qurator. Based on the answers you have provided QBonds look even more awesome than how I understood them at first. I'm in! :) Twenty QBonds, please. :))
Oh, and another follow-up question, if I may:
You are most welcome.
If the QBonds are paid out before the SMT's then it means you will have 0 QBonds to exchange so, for now they will not hold any value once they are paid out.
I see Q-bond as a simple debt instrument that has a inherent currency swap built into. It has a potential to be very profitable for either parties if steem prices rally, but a long drawn debt instrument if the prices stay lower. Basically it is a way to raise capital to cover operational expenses during a low price environment. Both buyers and sellers will benefit from a price rally.
To a buyer it is a High-Yield Debt Instrument. Just as an example current yield on a high yield corporate bond (junk bonds) is around 5.25%. You can check an ETF which tracks that market like HYG . That instrument have inbuilt diversification; Q-bond doesn't, but the return offered is much higher. As investors are taking more risk. However, we can speculate the capital is perhaps secure. What is can not speculate is future price of steem. There lies the risk.
Nice of you to put a disclaimer.
Ah, it makes sense! Thank you!
Great ! I sent some STEEMs ;-) !
Received and updated! Thanks for being the first user to take part =)
Hi guys! What is the plan for the Qtoken? Will it have some use case related to 'quality content curation'?
This token wont be voteable. It is closer to a share than a token. There are plans for a quality content token, but with details surrounding SMTs being thin we dont have details ourselves. Long story short there is a plan but we need to wait and see if it will be practical
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Transferred some Steem to @q-ico. :D
Very interesting way to structure a token sale using the Steem blockchain. :)
As with everyone, we too are excited for what SMT will offer the crypto-world.
We are excited, but cautious. There is a possibility SMTs will not pan out or arrive when promised. So the bonds are an interim step where people get what they would under the SMT but with a limited liability on our side.
Thank you for this initiative. I just sent @q-ico 5 Steem to support this project. I hope you received it okay :)
This is great! Looking forward to participate