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Quilibrium Wiki
  • Start here
  • Links & Info
  • FAQ
  • What is Quilibrium?
  • Quilibrium tokenomics
  • Q Story and Roadmap
  • Diving into Quilibrium
    • Quilibrium qualifies as "decentralized protocol"
    • What types of applications can we develop on Quilibrium?
    • How does Quilibrium maintain decentralization?
    • How Quilibrium Fixes Some Common Problems with Centralization
    • Gas fees and dynamic fee market on Quilibrium
    • Core Technologies in Quilibrium
    • Q vs ETH vs SOL
    • How fast is Quilibrium?
    • How Quilibrium Protects Privacy Without Enabling Crime
    • Quilibrium's innovative use of passkeys
    • Quilibrium KMS: The Future of Key Management
    • Security Audits of Quilibrium’s Cryptographic Protocols
    • The Alternative Thesis for Consumer Crypto
    • The Illusion of Decentralization in Crypto, and Quilibrium’s Radical Alternative.
    • Programmable MPC vs ZKP
  • Quiibrium use cases
    • Quilibrium WASM integration
    • A data storage solution built for maximum security
    • Hosting ERP Systems on the Quilibrium Network
    • The internet needed for the evolution of Smart Cities
    • Quilibrium : the path to achieving scale for AI
    • Moving tokenized real-world assets onto Quilibrium
    • Quilibrium: A Real World Asset Network Solution For Custodians
    • Quilibrium: a global network for unlocking AI agents' true potential
    • Quilibrium: scalability for the metaverse without limitations
  • External articles
    • Quilibrium explained like I am 5 :-)
    • Quilibrium Builders' Guide
    • Bybit, Gnosis, and Cold Storage
  • Running a Node
    • Is running a Quilibrium node still profitable?
    • How does Quilibrium reward the most efficient nodes?
    • What are the most important factors in a node performance?
    • Proof of Meaningful Work (PoMW)
  • Brand kit
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  1. Diving into Quilibrium

Quilibrium qualifies as "decentralized protocol"

Quilibrium qualifies as a decentralized protocol under US law, and its token is considered a commodity.

The QUIL token qualifies as a commodity. Q Inc, an American company, owns less than 1% of the token (much less, in fact).

FIT21, the new US-approved regulatory framework on crypto, has specific requirements regarding what qualifies as a decentralized protocol. These requirements focus on token holdings of developers, accessibility of source code, and release management/adoption. Quilibrium already meets these requirements, albeit loosely, as we progress towards version 2.0. By 2.0, there will be no question about compliance.

This means our fair launch model is coincidentally the first that truly went straight to launch in the "right" way, excluding Bitcoin, which we aimed to emulate with ethical launches.

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Last updated 11 months ago

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