if KRWQ scales and generates meaningful yield and yield flows will return to the mother token IQ, I’ve been thinking of ways to bring this to fruition.
ATP could still use inflows and IQ could still use burning mechanisms.
The idea was to link a portion of KRWQ’s yield to HiiQ shareholders, but not inform of KRWQ, but in form of Qredits.
Qredits would be a token which can not be sold or cashed out, a token that would have demurrage of X amount of percentage per X amount of time.
Qredits can be used however for buying up IQ ATP agents, where Qredits would be transferred to IQ tokens which can only buy up ATP agents, whereafter they cannot be sold anymore. Similar to the concept of bonus points of air miles they can only be used within the system,
The demurrage could yield into the BrainDAO treasury or a public agents reward pool.
This way IQ tokens get burned with KRWQ yield while simultaneously bring activity to the ATP agents.
This one way gate could be used either as a liquidity pool by the agents owner or by simply increasing the agents value.
Side by side by regular staking yield, it might even be an idea to expand it to other IQ related platforms as well.
This way IQ ecosystem becomes connected with the end loop being IQ ATP platform where it all happens.
The one way gate of Qredits combined with demurrage would incentivise people to participate into ATP supporting their own ecosystem, while preventing from massive leakage of capital.
One final addition could be to make KRWQ also benefit from this loop would be to be able to hire or access the agents, you could do so by paying in KRWQ.
And agents can decide if they pay dividends to the AI shareholders.
First of all, I would like to begin by saying that, as a DAO participant who also loves and supports the IQ project, I respect the opinions of all participants.
As everyone is likely aware, the team is currently focusing on the KRWQ business and allocating significant resources to it.
Unfortunately, while ATP had good intentions and a solid system, I believe it was a project that struggled to grow due to limited participation, especially the lack of new external inflows.
At this point, I would prefer that IQ’s resources, both development resources and capital, not be further divided toward ATP.
I think this may be the time for decisive direction-setting and execution, and, if necessary, a bold pivot away from past projects.
I hope the team and the community can come together, look in the same direction, and move forward.
P.S. I want to make clear that this opinion is not intended to disparage or criticize IQVAULT for making this proposal. Looking back at the previous ATP operations, although I am not sure whether “operations” is the right word, it was very unfortunate to see much of the capital being extracted or leaving before the project could truly grow. Whatever direction is chosen, I hope the next IQ project proceeds on a much stronger and more solid foundation.
Thanks for you reply Moony, I’d say a project like this wouldn’t be relevant for the next 12 months to be implemented, AI is still relevant though.
The idea is to find way of putting yield to work will it be time that KRWQ is self sustaining and have a big surplus.
Any other suggestions would be good as well, even with great developments, it’s still a though time for holders of IQ right now, but technically this shouldn’t last for another 12 months.
We can only hope for the NDF market to start rolling towards IQ even before the Korean law is in full swing, meanwhile we have to give the team credit as what they have accomplished so far with KRWQ, although we unfortunately don’t see it reflected in our current Mcap yet, and it’s though.
I think the IQ wiki is still relevant and AIDEN also is still relevant just by the sheer amount of integrations it does on a monthly basis. Putting resources into ATP now would not be the best option but we have to also see that a stablecoin, as big as it can get, could yield excess amount of value that would make ATP not such a big risk and drain as it unfortunately has been in the past.
The fact that it’s build on Frax might also make it less accessible, I’m not entirely sure about that but any cross platform could be useful too. But for any further development we have to think twice and you’re right about that Moony.
Also for retail aspects I think KRWQ in general should make it more obvious to their audience that to be able to benefit from KRWQ they can buy IQ tokens, it’s rarely mentioned so clearly that retail just sees a stable token they cannot buy yet. They don’t see a multi billion company that they can be early entries on, so no additional retail is flowing in right now.
Does this mean that AI agent tokens traded using Qredits cannot be sold?
If not, it seems that the value of certain AI agent tokens with vested interests will ultimately rise due to the Qredits allocated to HiIQ, which would result in a rather peculiar structure.
Also, I hope that if KRWQ generates revenue from fees, a structure will be established to return it to all IQ holders in the simplest and fairest way possible.
I understand the BrainDAO team is considering various options, but personally, I believe buying back and burning $IQ is the simplest approach and serves the public interest.
It also presents an opportunity to establish a separate burning mechanism that isn’t limited to ATP.
KRWQ yield > Hiiq holders get Qredits, they can use those actively to buy up AI agents, from there they would turn into IQ but on a somewhat null contract, where they could only be put to use for TVL or Liquidity. And not be sold for other agents or Qredits again. So any earned credits either flow back into the treasury if unused or buy up IQ tokens through the ATP platform while also supporting new agents.
So it can create a buy and burn mechanism for IQ, but a burn would be too simple as it could also support the relevant AI agents to grow or simply go live.
The demurrage or negative interest on the Qredits will be to keep capital flowing to the destined AI agents, HiiQ stake holders can chose which AI agents they like to buy up and support, while the team members main focus can be on developing the ecosystem.
how it benefits IQ holders? Buy up and burns drive up the price, supporting AI agents might make the platform relevant, and there will be naturally more capital locked in ATP.
Sure there might be other ways to share dividends, but this would be an interactive way to do so while giving another shot at ATP, simply distributing yield might not add a lot of value in general.
Buy back and burn will keep the token price up, this is just another layer that could of course be done for X amount of percentage as a trial or scale up, or start big and scale down if it doesn’t work, because if you try might as well go big at first.