Introduction
The intent behind QueerCoin ($QUEER) is to create a cryptocurrency that is both functional and will help to create more support for the LGBTQ community. The Cardano Network was chosen for both its ease of use and being largely benign to the Earth around us, unlike other chains such as Ethereum.
Technical Details
QueerCoin is designed to be used for DAOs specifically for, but not limited to, LGBTQ groups (support groups, non-profits, etc.) to help facilitate better management amongst such groups.
Purpose
There are currently three primary purposes for QueerCoin:
- To be used as a DAO governance token for LGBTQ groups worldwide.
- For all official NFT's that are sold, 50% of the profits will be donated to The Trevor Project. Receipts will be posted on the project's Discord server as well as on the official QueerCoin account on $DESO.
- To allow the LGBTQ to take up and have a space in the Crypto space.
Tokenomics
There is an initial supply of 1,000,000,000,000 QueerCoin tokens. Of these, the chart below will illustrate how they will be distributed.
DAOs
50% of all QueerCoin tokens will be reserved for future DAO structure.
Founders
20% is allocated to the founders who purchased one of the 75 Founder's Tokens at the launch of QueerCoin.
Airdrops
Another 20% will be allocated to airdrops at launch.
Pools
The final 10% is to be used for creating QUEER pools.
