HomeCoinsQTUM (QTUM)April Community & Development Updates | by Qtum | May, 2022

April Community & Development Updates | by Qtum | May, 2022

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Qtum had a busy April highlighted by Earth Day, AMAs, and Easter. However, before getting into that, let’s start with our April staking results.

  • Total Unique Stakers: 1,564
  • Total Unique Delegated Addresses: 150
  • Total Unique Super Stakers: 26
  • QTUM Awarded to Stakers: 40,506.5

Qtum is fortunate to have a highly active community. We did our monthly Topic and Meme contests with our community members, with some really interesting results.

Topic Contest

The “Topic Contest” was exclusive to our Discord members. The idea was to provide our members with different questions and reward those who gave the best answers. Let’s go through the top five best answers of this contest.

#1 AshaNegi#9065

Speaking on the steps one should take in researching a project:

“Your first step should be to get an idea of ​​what crypto is doing. Utility cryptos are generally better investments, especially if they can be used by many people.

Start by reading the crypto whitepaper. You may not understand all of the content, but write down questions as you go — these will help you dig deeper. If a crypto doesn’t have a whitepaper, that’s a big problem.

Then we do web research. The more we read, the more you will find sites you trust and reviewers who seem to speak your language. Don’t get everything you read right — unfortunately, there is a lot of misinformation. But if you take notes while reading or watching the video, you will start to get a reliable picture.

Ask yourself what problem the project plans to solve and how viable its solution is. It should also be noted that you will have to work harder to invest your money wisely. Give it more time.”

#2 @Aniruda#6605

Speaking on the steps one should take in researching a project:

“CoinMarketCap data shows there are now over 17,000 cryptocurrencies on the market. Of those, only a small fraction are listed on top cryptocurrency exchanges. Being listed isn’t necessarily an endorsement, but it does show it’s a relatively well-established project.

Newer crypto investors may prefer to stick to cryptos they can buy on a centralized crypto exchange. More experienced or adventurous investors may decide to use a decentralized exchange to access less-common cryptocurrencies. Whichever route you go, make sure you’ll be able to buy a crypto on your platform of choice before you spend hours researching it.”

#3 Dunsandee#3471

On the metaverse:

“It is observed as the fastest growing sector of all time. In time, it will be true that the metaverse will take place in matters other than NFT. What does Qtum do in this context?

Although there is no clear information yet, it provides network support to a metaverse project (MoonLand) and I think it will open an NFT market in the near future. We will see more of the metaverse issues in life in the near future. What more surprises will this advancing information age offer us? We’ll wait and see.”

#4 Emir Arslan#1502

Speaking on cryptocurrencies, Emir said:

“Despite its many risks and negativities, the high returns it provides for some periods have made cryptocurrencies a very popular tool for investors who want to diversify their portfolio. The profit opportunities in the price changes of cryptocurrencies have attracted the attention of speculative investors. For this reason, many cryptocurrencies are used more as an “investment” or “speculation tool” rather than a payment tool.

Cryptocurrencies, which are accepted as a new alternative currency, are digital currencies that allow secure transactions and allow additional virtual money supply. The most important feature of cryptocurrencies, also called decentralized finance, is that they are not printed by governments and central banks. In other words, they do not have any state support or assurance behind them. For this reason, all transactions related to cryptocurrencies are carried out by a system called “Block-Chain” instead of a center or institution.”

#5 @erlikwindsteel#2839

Speaking on web 3.0:

“In the past years, many people have become involved in the cryptocurrency exchange. In particular, the purpose of Web 3.0 should be to attract people who are engaged in cryptocurrency trading, but not too close. Many applications already in Web 3.0 also serve this purpose and promise high profits to small-scale investors.

I can see that emerging web3 technology is currently in its infancy.

As a browser extension, it can advance the metaverse web3 space by collaborating with other sites for web3 interaction. Speed ​​and having its own network are seen as a plus.

It would be more beneficial if Qtum could transfer its own coin Qi with other coins and tokens.

Despite all the advantages it offers, building truly decentralized applications is a much more complex process than centralized alternatives.”

Meme Contest

Here are the top 5 memes from our meme contest:

#1 Anker786

https://twitter.com/Anker786/status/1518820981950738432

#2 deadricwarlock

https://twitter.com/deadricwarlock/status/1512816897468899329

#3 Jony17440736

https://twitter.com/Jony17440736/status/1514870863472238595

#4 Metin_Oktay1936

https://twitter.com/Metin_Oktay1936/status/1514618987467878401

#5 Manish95471593

https://twitter.com/Manish95471593/status/1509552489611554824

During the first quarter of 2022 (January, February, and March) the Qtum Chain Foundation spent 44.0 bitcoin, an average of 14.67 BTC per month.

https://blog.qtum.org/qtum-chain-foundation-first-quarter-2022-expenditures-84415f40faad

Work is still going on with our new website to reflect our new brand. All the content work for the website is almost over, and we are very optimistic about the results. The interface is especially crisper and cleaner. We are excited to know your feedback post-deployment.

Testing continues on the Qnekt wallet (smart contract transactions) and the Qtum Core wallet (NFT transactions).

The Qtum Chain Foundation partnered with Binance Charity to participate in the “Tree Millions” initiative to plant 10 million trees worldwide. To that end, Qtum Chain Foundation has donated $100,000 to Binance Charity towards planting 100,000 trees.

Qtum Foundation to Plant 100,000 Trees with Binance Charity to Reduce Carbon Footprint

Binance had a 7-day long Easter event. Anyone who collected the Easter eggs was legible to win Qtum gift cards.

https://twitter.com/qtum/status/1514020696103403528

The Encentive protocol has secured a grant from Qtum as part of the Qtum DeFi Incentive Program. As a result, Qtum will integrate Encentive’s turn-key DeFi DEX Builder to expand the network’s functionality.

https://medium.com/@encentive/encentive-wins-grant-to-deploy-turn-key-dex-on-qtum-blockchain-e55c6884f0a8

Qtum did two AMAs this month with Guarda and Binance.

· Guarda: The AMA happened on April 26, 7 pm EST. Guarda gave away $3,000 worth of QTUM to celebrate offline staking.

· Binance: This was part of the Binance NFT AMA series. It was a French-language AMA with Algorand.

International Business Times mentioned Qtum in their blog on “How Blockchain Technology Is Creating Opportunities to Earn a Passive Income.”

https://www.ibtimes.com/how-blockchain-technology-creating-opportunities-earn-passive-income-3465866

Qtum published the following blogs this month:





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