QMALL

Overview of QMALL TOKEN (QMALL)

The QMALL token is a service token of the Qmall Exchange, a Ukrainian cryptocurrency exchange platform with over 300,000 active users and a daily trading volume of $100 million. The token provides several advantages to its users. Specifically, it can be used to half the trading commissions when paying fees for using the exchange's services. Trading of QMALL token started on 15. 02. 2022.

Additionally, Qmall token holders gain exclusive opportunities, including purchasing commodities and services on the Qmall Marketplace, participating in votes on project development, and receiving a considerable discount of 50% on trading fees.

To obtain more information, you can visit their website：https://qmall.io/qmall-token and try to log in or register to use more services.

Pros and Cons

Pros:

• Utility: QMALL tokens have utility within the Qmall Exchange, such as reducing trading fees by half when used as payment.

• Participation: Token holders have the ability to participate in governance votes, affecting the future development of the exchange.

• Usage in Qmall Marketplace: Tokens can be used for purchasing commodities and services, adding an additional level of utility.

• Event Participation: QMALL has hosted various sales and airdrop events, offering multiple methods to acquire the tokens.

Cons:

• Dependence on Platform Success: The success of QMALL is tied to the success of the Qmall Exchange. If the platform fails to attract users, it may negatively impact the token's value.

• Market Volatility: Like all cryptocurrencies, QMALL is subject to high market volatility which can involve investment risk.

What Makes QMALL TOKEN (QMALL) Unique？

QMALL token offers unique features that differentiate it from other tokens in the cryptocurrency market:

• Integrated with Qmall Exchange: As the native token of the Qmall Exchange, QMALL provides inherent utility within the platform. This includes reducing trading commissions by half when the token is used for payment of transaction fees, increasing its utility for regular traders on the platform.

• Voting Rights: Token holders have the ability to participate in votes on project development. This gives them a say in the future direction and decision-making processes of the exchange.

• Airdrop and Sales Events: QMALL has had airdrop events and pre-sale and main-sale events, providing multiple methods through which enthusiasts could acquire the tokens.

• Marketplace Usage: Users can leverage QMALL tokens to purchase commodities, products, and services on the Qmall Marketplace, adding another level of utility to the tokens.

• Large User Base: Since QMALL is tied to the Qmall Exchange, the token has access to a large user base right from launch with over 300,000 active users on the platform. This can result in a more active trading community and higher potential liquidity.



How Does QMALL TOKEN (QMALL) Work？

QMALL token functions as the native utility token of the Qmall Exchange, bringing a host of functionalities to its users:

• Transaction Fee Reduction: One of the primary uses of the QMALL token is for paying transaction or trading fees on the Qmall Exchange. When users hold and utilize QMALL tokens to pay for these fees, they can avail a significant reduction, up to 50%.

• Exclusivity and Privileges: QMALL token offers certain privileges to its holders. These include exclusive opportunities, the ability to purchase commodities and services on the Qmall Marketplace, and more.

• Voting Rights: QMALL token holders can participate in governance-related votes, influencing the future development and decision-making processes of the Qmall exchange.

The operation of QMALL further encourages engagement on the Qmall Exchange and rewards its users for their active participation and token holding.

Market & Price

Coin Airdrop

The Qmall token conducted an airdrop event in which 20,000,000 QMALL tokens were distributed to participants. According to the reward receipt logic, after the Airdrop, these tokens will be unlocked or distributed in tranches of 10% of the total received tokens each quarter. This process will begin from the trading opening day of the Qmall token, which was on the 15th of February, 2022.

Here is the outlined vesting schedule:

• Cliff: On 15.02.2022 with 0% tokens unlocked.

• Vesting: Start from 15.03.2022 lasting for 24 months (with a 3 months gap between each vesting period) until 15.03.2024, with a total of 750,000 tokens unlocked (per each vesting period).

• Token Generation Event (TGE): 10% of the tokens were unlocked on 15.02.2022.

This essentially means that if you received QMALL tokens from this airdrop event, you gain access to 10% of your total tokens every quarter starting from the day of token trading launch. This approach, known as vesting, restricts the holders from selling all their tokens immediately after the airdrop event, helping avoid abrupt dumping of the token which can greatly affect its price stability.



Price

The total circulating supply of QMall TOKEN is 1 billion tokens. This number is constantly changing as new tokens are created and burned. As of Jan 29, 2024, price details for this token as below:

• 24-hour low price: $0.04874

• 24-hour high price: $0.05021

• All-time high price: $1.37, which was achieved on May 5, 2022.

• All-time low price: $0.04874, which was reached on January 29, 2024.

QMALL TOKEN is a volatile asset, and its price fluctuates regularly. This is due to a number of factors, including:

• Supply and demand: The price of QMall TOKEN is determined by the supply of QMall TOKEN tokens and the demand for those tokens.

• Market sentiment: The overall sentiment in the cryptocurrency market can also affect the price of QMall TOKEN.

• News and events: News and events related to the QMall project or the cryptocurrency market in general can also affect the price of QMall TOKEN.

Exchanges to Buy QMALL TOKEN (QMALL)

Below are the exchanges that support buying QMALL TOKEN, along with the currency pairs and token pairs they offer:

• PancakeSwap: Currency Pair - QMall/WBNB.

• QMall: Currency Pair - QMall/USDT, Token Pairs - QMall/BTC, QMall/ETH.

• Bybit: Currency Pair - QMall/USDT.

• TimeX: Currency Pair - QMall/USDT.

• Tidex: Currency Pair - QMall/USDT.

These exchanges offer a range of trading options for QMALL TOKEN, allowing users to trade against different cryptocurrencies, stablecoins, or tokens, depending on the specific exchange. It's important to note that the availability of trading pairs may change over time due to market conditions and exchange policies. Therefore, it's advisable to check with the respective exchanges for the most up-to-date information before making any trading decisions.



How to Store QMALL TOKEN (QMALL)？

MetaMask, Trust Wallet, and Binance Chain Wallet are all digital wallets that can be used to store QMALL.

• MetaMask: This is a digital blockchain wallet that can be used directly in a browser through an extension or as a mobile app. It's primarily used for accessing Ethereum-based tokens and dApps from within a browser. It supports the storage, sending, and receiving of all ERC-20 tokens like QMALL.

• Trust Wallet: Trust Wallet is a secure and user-friendly mobile wallet that works with Ethereum and a wide variety of other blockchain tokens. It provides a fully security audited system to send, receive, and store digital assets. With Trust Wallet, users have the control over their private keys that are only stored on their device. ERC-20 tokens like QMALL can be stored in Trust Wallet.

• Binance Chain Wallet: Binance Chain Wallet is a digital wallet developed by Binance, it's available as a browser extension and supports the Binance Chain, Binance Smart Chain, and Ethereum Chain networks. With Binance Chain Wallet, you can send, receive, and store a variety of tokens, including QMALL if its supported.



Is It Safe？

Qmall has taken several measures to ensure the safety of its platform and users:

• Two-Factor Authentication: Qmall supports two-factor authentication which adds an extra layer of security by requiring users to verify their identity through a secondary device or application.

• KYC Verification: Qmall uses Know Your Customer (KYC) procedures to verify user identities, which helps prevent fraud and enhances the overall security of user accounts.

• Secure Wallets: For storing digital currencies, Qmall recommends using secure digital wallets such as MetaMask, Trust Wallet, and Binance Chain Wallet.

• Safe Practices: Qmall emphasizes the importance of safe storage of private keys, recommending they should not be shared with anyone to prevent unauthorized access to wallets.

However, it's essential to be aware that while Qmall takes precautions to ensure the security of its platform, the cryptocurrency world can still pose risks. Phishing scams, hacking attempts, and other security risks largely exist, so it's crucial users also do their part by securing their devices and accounts.

How to Earn QMALL TOKEN (QMALL)？

There are several ways you may earn QMALL tokens:

• Airdrops: From time to time, the QMALL team conducts airdrops where tokens are freely distributed to participants who meet certain criteria. You need to follow QMALL's official channels to stay updated about upcoming airdrops.

• Participating in Sales: QMALL has conducted a main sale and a pre-sale in the past where users could purchase QMALL tokens. There might be future opportunities as well, which will typically be announced on their official channels.

• Trading on Exchanges: Once you have cryptocurrencies, you can trade them for QMALL tokens on exchanges where the token is listed such as Uniswap, Pancakeswap, and Qmall Exchange etc.

• Rewards: You may earn QMALL tokens through rewards for participating in activities or making contributions to the QMALL community--though specifics depend on the nature of such promotions or events by QMALL.

Conclusion

QMALL is the native utility token for the Qmall Exchange, a Ukrainian cryptocurrency exchange platform with a large user base. The QMALL token offers various unique advantages including substantial trading fee reduction, decision-making rights on project development, and use in the Qmall Marketplace for buying commodities and services. The token had a series of sales events and a distributed airdrop, and it can be traded on various platforms including Uniswap, Pancakeswap, and Qmall Exchange itself. It exemplifies a utility token that is deeply integrated with its parent platform, creating a robust ecosystem where the token and the platform mutually benefit one another.

FAQs

Q: Which wallets are compatible with QMALL Token？

A: Wallets compatible with QMALL Token include MetaMask, Trust Wallet, Binance Chain Wallet.

Q: What exchanges support QMALL Token trading？

A: QMALL can be traded on QMall, Bybit, PancakeSwap, TimeX, Tidex.

Q: How is transaction verification handled with QMALL Token？

A: Transaction verification with QMALL Token is handled through network nodes or computers participating in the Ethereum blockchain network.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.