Qudr Rings is a community-based currency consisting of four components:
- Materials A diamond bead, titanium wire, a set of gemstone code beads.
- Volunteer labor: a community member creates the unique code, assembles the ring, and register it.
- The blockchain.
This process creates one physical Qudr Ring and three Qudcoin digital Qudr Rings, thanks to the value of the volunteer labor and blockchain. The physical Qudr Rings are owned by the Soul Tribe Land Go6D Inc and are secured in different certified members’ safes. One Qudcoin digital ring goes the member account that provided the materials, one Qudcoin digital ring goes to the member account that preformed the labor & one digital ring becomes a Soul Point that is split 50/50 for the labour and material provider. An individual must pay the Soul Tribe Land Trust Inc three digital Qudr Rings to obtain one physical Qudr Ring. An individual can also contribute a physical Qudr Ring to receive two digital Qudr Rings and 1 Soul Point.
Qudr Rings Use
Digital Qudr Rings are used for rapid and efficient free community transactions.
The physical Qudr Rings are made from materials that last over 10,000 years, designed for long-term wealth storage and potential value appreciation.
The codes and community blockchain are used for maintaining permanent community records and logs
Why We Use Currency Based on Diamonds, Not Gold:
- Ease of Testing: Diamonds can be easily tested with an inexpensive ($10) diamond tester. In contrast, testing gold, silver, and other metals often requires more complex methods, such as acid testing.
- Stable Value: Diamonds have shown stable value over time. Historically, diamond prices have increased by about 14% each year since 1960.
- Durability: Diamonds are hard and durable, offering long-lasting benefits.
Bottom Line: Qudr Rings offer a stable and secure currency for those who want to support each other and the environment without financial strain.
Big Physical Qudr Ring
Worth 50 times more than a regular physical Qudr Ring. Century Physical Qudr Ring requires a diamond over 4mm diameter and 17 hours community service. Adds 100 digital qudr rings and 50 soul points to the creators. Designed for senior citizens or people with disabilities that make it impossible for them to make a normal physical Qudr Rings. Big Physical Qudr Ring lets a member create 100 digital rings by doing any type of community service without needing to thread a 500 beads.
Extra Big Physical Qudr Ring
Worth 100 times more than a regular physical Qudr Ring. Extra Big Physical Qudr Ring requires a diamond over 5mm diameter and 34 hours community service. Adds 200 digital qudr rings and 100 soul points to the creators. Designed for senior citizens or people with disabilities that make it impossible for them to make a normal physical Qudr Rings. Extra Big Physical Qudr Ring lets a member create 200 digital rings by doing any type of community service without needing to thread a 1000 beads.