What is Qredo?
Partnered with MetaMask, Qredo is a promising new project working to build the digital asset economy of the future. The Qredo network is a ‘radical new infrastructure’ to improve interoperability among blockchains, speed of settlements, and decentralized custody.
QRDO is an ERC20 token that has a unique focus on user-centric tokenomics. This Layer 2 solution combines both utility and governance tokens to reward all network participants.
For more information on Qredo, you can visit their official website here.
In order to buy or sell QRDO, this will need to be done via the Coinmetro Exchange Platform by placing a limit order. Unfortunately, Market orders & Swaps for QRDO are not currently available but will be enabled in the near future. We will also be looking to support additional fiat pairs such as EUR based on demand!
How to Deposit QRDO Into Your Coinmetro Account
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to Withdraw QRDO From Your Coinmetro Account
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be canceled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
If you are withdrawing to an external wallet such as MetaMask, please ensure that you have added QRDO as a custom token on the wallet.