Hello Everyone!
We are Qawalla ($QWLA) a smaller (but, growing) development team in the Pacific Northwest. We have been working on something that recently exploded in the news but for all the wrong reasons... We are working on a decentralized Bitcoin ETF, or ETFT Exchange Traded Fund Token. We believe taking a decentralized asset and making it centralized is completely the wrong way at making a crypto ETF of any kind.
We would love to answer any questions and are open to feedback about our project... Please find more info below!
Website:
https://qwla.io/White Paper:
https://qwla.io/Twitter:
https://twitter.com/QWLA_ioMedium:
https://medium.com/qwlaEtherscan:
https://etherscan.io/token/0x1d96fd43ee07aa79f8fd003cbdf404fb5ce41ad2What is a
ETFT?
The world of crypto is moving fast… Tokens, Coins, NFTs… Keeping up with it all can be overwhelming. And in more cases than not, those assets are single valued. There is limited use and sometimes no functionality is attributed to that token(or asset).
Our mission is to bring the world’s first Exchange Traded Fund Token which will be completely self governed on the QWLA network. Token holders control the ability to vote through Bounce Voting on asset growth. Token holders will also control how the network grows with enhancements and changes, through additional voting. An Exchange Traded Fund Token can offer lower operating costs than traditional open-end Tokens, flexible control, greater transparency, and better cost efficiency in wallets /accounts. Traditional market mutual funds have offered many advantages over building a portfolio one security at a time. QWLA sees the same potential benefits in Blockchain, Crypto, and Decentralized markets.
Exchange Traded Fund Token — ETFTs are a group of securities and assets that are traded or exchanged, just as a regular Token or Coin. QWLA Token enables asset holders a lower entry price for community ownership over the traded fund. ETFTs can sometimes own hundreds of different assets or securities, QWLA main focus will be the future growth of blockchain.
Project Status: Alpha network, developing functionality for Bounce Voting on the QWLA network.
