TechFlow News — On June 11, according to official updates, Qredo, a decentralized digital asset infrastructure and technology provider, has announced the appointment of former Binance executive Josh Goodbody as Chief Operating Officer (COO).
Goodbody will lead the launch of Qredo's tools and its governance token, QRDO. The QRDO token economy is designed to address a series of issues caused by current token models that rely on inflationary rewards for validators and miners. Qredo enables liquidity providers to earn dual yields from both QRDO and Layer 1 assets. Additionally, users receive up to 100% of transaction fees rebated in the form of QRDO tokens for every transaction on the Qredo network.
Qredo positions itself as a digital asset management platform and product suite, aiming to unlock new opportunities in cryptocurrency and decentralized finance for institutional investors. Previously, Qredo announced the completion of an $11 million seed funding round backed by blockchain industry funds including Celsius, Wintermute, and Deribit.
