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the_qort_coin [04/27/2023 18:13] – [Recent Features] gfactor | the_qort_coin [04/27/2023 18:16] (current) – [QORT's Indirect Value To Fiat] gfactor | ||
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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, | 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, | ||
- | 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 and apps within the Qortal Network. These services will 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. All of this provides | + | 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 and apps within the Qortal Network. These services will 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. All of this provides |
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 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. | ||
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When the crypto markets began to tank in spring of 2022, LTC's price began to fall drastically. QORT's trading rate with LTC remained relatively stable during this period. So while QORT's ' | When the crypto markets began to tank in spring of 2022, LTC's price began to fall drastically. QORT's trading rate with LTC remained relatively stable during this period. So while QORT's ' | ||
- | Next, is to point out the indirect fiat value of QORT depending on what third party coin it's trading with: QORT-LTC | + | Next, is to point out the indirect fiat value of QORT depending on what third party coin it's trading with: QORT-LTC |
==== QORT Does Not Have A Set Price ==== | ==== QORT Does Not Have A Set Price ==== |