Qache: Transformative Dynamic Prizes in Cryptocurrency
Unite Staking and Mining with Dynamic Prizes for Continual Rewards and Savings Growth
Key Aspects
- Prize System
- Staking
- Mining Processes
- Interest Claims
- Periodic Draws
Tags
Qache Features
Dynamic Prizes
At Qache, the prizes are dynamic, meaning they grow as your balance increases. Unlike traditional fixed prizes, Qache offers four prizes: 0.1%, 1%, 10%, and 2X. The biggest prize, 2X, doubles your balance. For instance, if your balance is 1 ETH and you win the 2X prize, you win an additional 1 ETH, making your total balance 2 ETH. These prizes are drawn weekly, giving users multiple chances to win.
Prize Funding
The prizes at Qache are funded through the interest accrued on all customer deposits. This interest is generated through a process known as staking, similar to Bitcoin mining but for Ethereum. Validators, who have staked Ethereum as a 'Proof-of-Stake', verify transactions and are rewarded with additional Ethereum, known as a 'staking yield'. This yield forms the basis of the prize fund, ensuring customer deposits remain untouched.
Qache Specifications
Supported Cryptocurrencies
Currently, Qache exclusively supports Ethereum. The team is actively working to expand this list to include more cryptocurrencies in the future.
Account Balance Limits
Qache imposes both minimum and maximum account balance limits. The maximum balance currently stands at 0.02 ETH, with plans to increase this limit over time. The minimum balance required to participate is 0.0004 ETH.
Qache Usage Instructions
Eligibility for Prizes
Users become eligible for prizes immediately upon making a deposit. The new balance is entered into the weekly draw for dynamic prizes, providing an equal chance of winning to all participants.
Deposit and Withdrawal Terms
Qache requires a minimum deposit term of one week before users can withdraw their funds. The minimum deposit amount is 0.0004 ETH, while the maximum deposit is currently set at 0.02 ETH, with plans for future increases.
Qache Common Issues and Problems
Risks in Cryptocurrency
Cryptocurrency, by its nature, carries inherent risks due to its cutting-edge technology. Qache has implemented measures to mitigate risks such as slashing, where a validator node experiences downtime, leading to a decrease in yield. A sinking fund is in place to cover minor slashing cases, ensuring the prize pool remains unaffected. For major slashing incidents, insurance covers losses to deposits.