QMALL TOKEN price

QMALL

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QMALL TOKEN, launched in November 2021, operates on the Ethereum platform. It serves as the service token of the Qmall Exchange, a Ukrainian cryptocurrency exchange. The primary function of QMALL is to facilitate the payment of commissions on the exchange, including trading fees, while also providing additional privileges to its users. With a circulating supply of 71 million tokens and a maximum supply of 100 million tokens, QMALL aims to create a balanced and sustainable ecosystem.

The Qmall Exchange team designed QMALL to cater to the needs of users with a Western mentality, ensuring technical and reputational consistency with European standards. Beyond its utility in paying commissions, QMALL offers exclusive opportunities for the community, such as passive profit through qBox and the ability to purchase goods and services from the Qmall Marketplace. Additionally, QMALL holders can participate in voting on the development of the project, giving them a voice in the platform's future.

The token's integration into the Qmall Exchange's core functions not only provides a convenient tool for users but also generates demand among active users. This strategic approach aims to foster a robust and engaged community around the QMALL ecosystem.

The technology behind QMALL TOKEN (QMALL) is deeply intertwined with the Qmall Exchange, where it functions primarily as a service token. This means that QMALL is used to pay for various services on the exchange, such as trading commissions, and to unlock additional privileges for its users. The Qmall Exchange, a Ukrainian cryptocurrency platform, aims to create a token infrastructure that aligns with European standards while being user-friendly for a Western audience.

QMALL operates on a blockchain, which is a decentralized ledger technology that records all transactions across a network of computers. This decentralized nature ensures that no single entity has control over the entire network, making it more secure and resistant to attacks. The blockchain employs cryptographic techniques to secure transactions and control the creation of new units. Each transaction is verified by network participants, known as nodes, and once confirmed, it is added to a block. These blocks are then linked together in a chain, hence the name "blockchain."

One of the key security features of blockchain technology is its consensus mechanism. For QMALL, this could involve mechanisms like Proof of Work (PoW) or Proof of Stake (PoS), which require participants to solve complex mathematical problems or hold a certain amount of the token to validate transactions. This makes it extremely difficult for bad actors to alter transaction data, as they would need to control a significant portion of the network's computing power or tokens, which is practically infeasible.

Beyond its primary function as a service token, QMALL offers several benefits to its users. For instance, holders of QMALL can gain exclusive opportunities within the Qmall community, such as passive income through qBox, a feature that allows users to earn rewards. Additionally, QMALL can be used to purchase goods and services from the Qmall Marketplace, further integrating the token into the ecosystem. Users can also participate in voting for the development of the project, giving them a say in the future direction of the Qmall Exchange.

The Qmall Exchange team has designed QMALL to create a balanced and sustainable ecosystem that caters to the needs of its users. By studying the market, they identified that the main leaders in the cryptocurrency asset market are often from East Asian countries, who drive their activity through exchanges. In response, the Qmall Exchange aims to provide a platform that is both technically robust and reputably consistent with European standards, making it convenient for users with a Western mentality.

The blockchain technology behind QMALL also includes features to prevent double-spending, a common issue in digital currencies. This is achieved through the use of a distributed ledger where each transaction is recorded and visible to all network participants. If someone tries to spend the same token twice, the network will detect the discrepancy and reject the fraudulent transaction.

In terms of scalability, the blockchain supporting QMALL is designed to handle a large number of transactions per second, ensuring that the exchange can operate smoothly even during periods of high trading activity. This is crucial for maintaining user trust and ensuring that the platform remains efficient and reliable.

The integration of QMALL into the Qmall Exchange's core functions not only provides a convenient tool for users to interact with the platform but also generates demand for the token among active users. This demand is further bolstered by the various privileges and benefits that come with holding QMALL, making it an integral part of the Qmall ecosystem.

QMALL TOKEN (QMALL) is a versatile cryptocurrency primarily associated with the Qmall Exchange, a Ukrainian cryptocurrency platform. One of its primary applications is paying for trading commissions on the Qmall Exchange, which can provide users with discounts and other financial benefits. This makes it an essential tool for traders looking to minimize costs and maximize their trading efficiency.

Additionally, QMALL TOKEN can be used to earn passive income through a feature called qBox. This allows holders to generate profits by simply holding the token, making it an attractive option for those interested in earning without active trading.

The Qmall Marketplace is another area where QMALL TOKEN finds practical use. Users can purchase a variety of goods and services directly with QMALL, integrating the token into everyday transactions and enhancing its utility beyond just trading.

Participation in the governance of the Qmall Exchange is another significant application. Token holders can vote on various proposals related to the development and future direction of the platform. This democratic approach ensures that the community has a say in important decisions, fostering a sense of ownership and involvement.

QMALL TOKEN also serves as a launchpad for acquiring stablecoins and generating promo codes for fee-free transfers. This adds another layer of functionality, making it a multifaceted asset within the Qmall ecosystem.

For those interested in competitive trading, QMALL TOKEN can be used to participate in the Trading Derby, where traders can win prizes based on their performance. This gamified aspect adds an element of excitement and engagement for users.

Lastly, QMALL TOKEN has potential applications in the realm of NFTs and other emerging blockchain technologies, although these are still in developmental stages. This forward-looking approach indicates that QMALL TOKEN aims to stay relevant and adaptable in the rapidly evolving cryptocurrency landscape.

QMALL TOKEN (QMALL) is a service token integral to the Qmall Exchange, designed to facilitate transactions and offer additional privileges to its users. The token's journey began with its launch on the Qmall Exchange, marking its entry into the cryptocurrency market. This launch was followed by a pre-sale and main sale of tokens, which garnered significant attention and participation from the crypto community.

In a significant regulatory milestone, QMALL TOKEN was registered as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator in Lithuania. This registration underscored the token's commitment to compliance and regulatory standards, enhancing its credibility and trustworthiness in the market.

The token's utility extends beyond mere transactions. It is used to pay commissions on the Qmall Exchange, including trading fees, and offers exclusive opportunities for the community, such as passive profit through qBox and purchasing goods and services from the Qmall Marketplace. Additionally, QMALL TOKEN holders can participate in voting for the development of the project, ensuring a democratic and user-centric approach to its evolution.

The founder of Qmall has emphasized the potential of the metaverse, positioning QMALL TOKEN as a pivotal element within this emerging digital landscape. This vision aligns with the broader goal of creating a balanced and sustainable ecosystem that caters to the needs of its users, particularly those from Western markets, while maintaining technical and reputational consistency with European standards.

QMALL TOKEN's availability for trading on various exchanges has further expanded its reach and liquidity, making it accessible to a wider audience. This strategic move has not only increased the token's visibility but also its adoption among cryptocurrency enthusiasts and traders.

The Qmall Exchange team, originating from Ukraine, aimed to create a token infrastructure that resonates with the Western mentality, offering a convenient and user-friendly platform. This approach has been instrumental in attracting a diverse user base and fostering a robust community around QMALL TOKEN.

The integration of QMALL TOKEN into the core functions of the Qmall Exchange has been a key factor in its success. By providing a seamless and efficient tool for interacting with the exchange, the token has generated significant demand among active users, further solidifying its position in the market.

These key events highlight the strategic and thoughtful development of QMALL TOKEN, reflecting its commitment to innovation, regulatory compliance, and user-centric growth.