Blockchain

The very core of IQUO

IQUO operates on Polygon blockchain:

  • Mainnet (chain ID 137)

  • Amoy Testnet (chain ID 80002)

Polygon proves to be fast, cheap and reliable blockchain. And of course it uses EVM (Ethereum Virtual Machine), what makes working with this network especially convenient and secure.

IQUO has identical set of contracts deployed for every predicted currency (BTC and ETH).

To find contract addresses and ABI files visit Contracts section.

Contracts have full control over submitted stakes: they are accumulating funds, maintaining separate balances for different pools, and finally calculating and distributing rewards.

IQUO and its administrative accounts (superAdmin and daemon) don't have any control over contracts reward pools.

Public contract methods:

  • newSignal ()

  • newQuote ().

Other methods are non-public and can be executed by a special agent (wallet address) - daemon - which is a special address owned by IQUO server. Due to infeasibility of some on-chain operations (due to prohibitive cost and direct limitations on transaction gas) it performs following:

  • real-time parsing of Chainlink exchange rates; particularly it verifies and submits snapshot rate at snapshot time (during round closing)

  • ongoing analytical support and data processing, including data sorting (which is especially painful for EVM)

  • triggering round closing procedures and rewards distribution by contracts.

We believe that in near future IQUO will be able to facilitate purely Web3 solution, that is when all data and operations are processed on-chain, without resorting to Web2 support. The story just starts!

Last updated