Qredo, the crypto industry leader in offering self-custody services to institutional users, recently announced the integration of the SUI network into its wallets. This implementation allows clients to benefit from SUI’s decentralised ecosystem, which has an Estimated Total Value Locked (TVL) of $69 million, while using the convenience and security of Qredo’s services.
The QRDO crypto, a token of governance and utility of the Qredo network, reacted positively to the news and marked a significant increase in its price on the market.
To take advantage of the full range of applications offered by the SUI network, Qredo users can now enjoy a more robust security, as well as absolute control over all operations and changes made within their cryptographic universe. Moreover, the crypto service provider’s application offers a seamless, fluid and fast interaction with the decentralised world of SUI. Users can also stake SUI tokens directly from the Qredo app and thus contribute to the development of the blockchain while gaining economic incentives.
The recent positive performance of QRDO, however, does not change its overall fate. Compared to a year ago, the currency has lost more than 75% of its value due to a tokenomics that encourages a very high inflation, similar to that of the Venezuelan bolivar. Its all-time high is set at a whopping $9.2, reached in November 2021, and represents a target 180 times away from current prices. The QRDO token is likely to move ever closer to zero.
Qredo’s self-custody services, however, remain among the best in the crypto industry. Thanks to its infrastructure, users can explore the latest blockchain innovations, while benefiting from the convenience and security of the existing infrastructure. Tokens and infrastructure are two different fields that can safely travel on completely different roads.
The Qredo ecosystem is constantly improving and implementing new solutions such as Sui’s cryptographic network, offering its clients the opportunity to enjoy the latest blockchain technology.
