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Q Protocol news
About Q Protocol
Q is an EVM-compatible Layer 1 delegated proof-of-stake blockchain that provides an innovative decentralized governance system. The protocol offers a human-centered, ready-to-use framework that supports a wide range of Web3 entities including DAOs, DeFi applications, metaverse platforms and other projects requiring secure and fair processes for decision-making, enforcement of rules and dispute resolution.
Q delivers transparent and enforceable decentralized governance by integrating a set of smart contracts with a private-law-based legal framework. The Q constitution lays down the rules of the system, while the system’s architecture, comprising both on-chain and off-chain elements, ensures that these rules are effectively enforced. Additionally, a dispute resolution mechanism is in place to address conflicts that may arise.
Q provides a universal layer for Governance Security that is permissionless and decentralized - a major upgrade to the governance frameworks found in Web3 today. Improved Governance Security is a catalyst for growth: Q's governance-as-a-service features provide the foundation on which developers can create more sophisticated, higher-value products. As a key infrastructure layer, Q enables a large variety of use cases. While some of those will solve existing problems of the crypto ecosystem, others will enable entirely new business models to be deployed on-chain.
Q mainnet has launched in March 2022 and has worked flawlessly ever since. Onboarding of projects that pay for Q's governance-as-a-service features has started in June 2023. The current growth trajectory is steep, with new protocols onboarding to Q every week.
Technically, Q is built out as a fully EVM-compatible Layer-1 blockchain. Its governance infrastructure is supported by highest-quality people institutions, including LexDAO, Nethermind, as well as top-ranking academics from MIT, NY Stern, the University of Toulouse and many more.
Q is backed by best-in-class crypto investors such as HashKey Capital, Greenfield Capital and Deutsche Telekom.
The live Q Protocol price today is $0.156192 USD with a 24-hour trading volume of $31,135.20 USD. We update our QGOV to USD price in real-time. Q Protocol is down 1.61% in the last 24 hours. The current CoinMarketCap ranking is #707, with a live market cap of $23,455,486 USD. It has a circulating supply of 150,171,298 QGOV coins and the max. supply is not available.
If you would like to know where to buy Q Protocol at the current rate, the top cryptocurrency exchange for trading in Q Protocol stock is currently MEXC. You can find others listed on our crypto exchanges page.