Qortal has its very own coin called QORT which powers on-chain functionality and can be used as a digital currency just as Bitcoin is a decentralized digital currency, without an intermediary like a bank. There is no intention of listing QORT on other exchanges as Qortal has its own exchange and more importantly, is meant to be used on-chain.

Qortal aims to create an alternative infrastructure for a new Internet where among many other aspects, an especially important feature will be the ability for e-commerce services to host their sites on-chain and have the ability to accept QORT as a form of payment just as they will be able to with other cryptocurrencies we support. We will also create a jobs market board that can utilize QORT and the coins we support.

QORT is used as the base pair for the Trade Portal with cross-chain trades. For example, for a BTC-LTC trade, the trade will actually be BTC-QORT-LTC. QORT can only be obtained by conducting a true cross-chain P2P trade within the Qortal Trade Portal. As everything we are building is 100% decentralized on-chain which means there is no vault like there are on centralized exchanges where you can immediately convert fiat or crypto. This means to conduct a true P2P trade, you will need to run your own node, send LTC to your Qortal LTC wallet, then buy a listed sell order within the on-chain Trade Portal.

QORT is expected to be a great store of value for users to consider as 1) the wallets are fully secure 2) Qortal and QORT will provide an increasing amount of intrinsic value as time goes on with the plethora of applicability.

Please note: you do NOT have to hold QORT in order to use all of the features on Qortal - other than registering a name for your account if you would like to. Registering a name is totally optional - unless you would like to host data with the Qortal Data Network (QDN), in which registering a name is required.

Also note, that holding QORT gives no advantage over the Qortal Network - meaning you cannot leverage QORT in any way (such as staking) to obtain more block reward or bypass the Leveling System.

There is no cap on QORT production like Bitcoin has with its 21 million. You can learn more about this on the Block Rewards & Distribution page.

You can obtain QORT in two ways: 1) become a minter to earn block reward for supporting the network (refer to the Minting Overview page), and 2) trading other coins for QORT on Qortal's Trade Portal (refer to the Trade Portal Overview page).

QORT's price does not have a 'set price'. Meaning there is not a single set price for QORT. This can be a bit confusing on first impression, but we'll explain!

QORT has a price/rate shown in two main locations at the present time: explorer.com and within the Qortal UI. This metric is based on recent trade averages. At explorer.com, the 'price' as shown below is the average of the 5-10 most recent trades (based on an algorithm):

This is important to note as the 'price' doesn't account for any trades prior to that, whether in the same hour, day, week, month, etc. The same situation occurs in Qortal's Trade Portal with the 'exchange rate' located at the bottom of the screen - it is also calculated by an average of the most recent 5-10 trades (based on an algorithm):

The neat thing about the Qortal UI's rate, is that each user can specify their own parameters as they see fit. This can be done via API, which is currently something users have to modify outside of the UI as shown below:

To access this, the user will need to 1) have api documentation enabled in their json settings (on their node), and 2) open an Internet browser to enter this link: 127.0.0.1:12391

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