Token Utility

The QRY token is essential to the platform's operations, as all transactions must be conducted using the token. However, prices can be expressed in USD or other currencies, as long as there is an oracle available to calculate the exchange rate on-chain. This flexibility allows for easier adoption and integration with various currency-related tokens.

The primary transaction within the QRY Network is the creation of a subscription contract. In this process, a user or a platform acting on the user's behalf establishes a subscription and pays the required QRY tokens to the contract. The smart contract then verifies the QRY amount based on the subscription price in USD (or another currency) and the current exchange rate provided by on-chain oracles. If necessary, the contract can return excess QRY tokens to the payer, ensuring that the correct amount is paid for the subscription.

As the QRY ecosystem grows, the token economics evolve to incentivize the addition of new data services and improvements in key metrics and customer satisfaction. This dynamic system ensures that QRY remains competitive and relevant in the rapidly evolving data services and infrastructure market, fostering innovation and driving the platform's continuous development.

In summary, QRY's token economics are centered around incentivizing high-quality services, competitive pricing, and ongoing platform improvement. The QRY token is a vital utility within the ecosystem, serving as the primary means of conducting transactions while allowing for flexible pricing strategies and integration with existing financial tools and solutions.