➖Tokenomics

QUERYLOOP - Tokenomics

The Queryloop is a decentralized protocol that enables easy access to blockchain data.

It's similar to a B2B2C model, except it is powered by a decentralized network of participants. Network participants work together to provide data to end users in exchange for $QUERYLOOP rewards. $QUERYLOOP is the work utility token that coordinates data providers and consumers. $QUERYLOOP serves as a utility for coordinating data providers and consumers within the network and incentivizes protocol participants to organize data effectively.

Token Name	Queryloop
Token Symbol	QUERYLOOP
Total Tax	0% BUY & 0% SELL
Total Supply	10,000,000,000 QUERYLOOP
Network	Binance Smart Chain

By using The Queryloop, users can easily access data from the blockchain, paying only for the specific information they need. The Queryloop is used by many popular applications in the web3 ecosystem today.

The Queryloop indexes blockchain data similarly to how Google indexes the web. In fact, you may already be using The Queryloop without realizing it. If you've viewed the front end of a dapp that gets its data from a subquery, you queried data from a subquery!

The Queryloop plays a crucial role in making blockchain data more accessible and enabling a marketplace for its exchange.

The Roles of Network Participants

There are four primary network participants:

1. Delegators - Delegate QUERYLOOP to Indexers & secure the network

2. Curators - Find the best subquerys for Indexers

3. Developers - Build & query subquerys

4. Indexers - Backbone of blockchain data

Token Supply: Burning & Issuance

The initial token supply is 10 billion QUERYLOOP, with a target of 3% new issuance annually to reward Indexers for allocating stake on subquerys. This means that the total supply of QUERYLOOP tokens will increase by 3% each year as new tokens are issued to Indexers for their contribution to the network.

The Queryloop is designed with multiple burning mechanisms to offset new token issuance. Approximately 1% of the QUERYLOOP supply is burned annually through various activities on the network, and this number has been increasing as network activity continues to grow. These burning activities include a 0.5% delegation tax whenever a Delegator delegates QUERYLOOP to an Indexer, a 1% curation tax when Curators signal on a subquery, and a 1% of query fees for blockchain data.

Improving the Protocol

The Queryloop Network is ever-evolving and improvements to the economic design of the protocol are constantly being made to provide the best experience for all network participants. The Queryloop Council oversees protocol changes and community members are encouraged to participate.