A scam IMO. Seems too good to be true. Feels like it won't work if you think about it for more than a minute (which I didn't have the time to do). The marketing is not great.
This image explains their strange proposition which intuitively sounds unsustainable, especially if crypto were to ever go down. There's also many unanswered questions like how Elon gets his MATIC back once he's spent his QiDAO:
Negative:
- The website is too minimalist. There's a bunch of actual information in their docs that should be on the main page. A video would help them to actually explain how this is supposed to work.
- Stuff is called MAI on their website but QiDao in their docs.
- Social media is not great. Telegram isn't exciting and it's difficult to get into Discord. Twitter is also pretty dead.
I just don't believe enough that this will work in order to spend more time thinking about this. I'd rather rate this 1 stars to avoid anyone getting scammed by this. Intuitively I would bet that this stablecoin depeggs if MATIC crashes and a bunch of MAIs have been spent. Who would accept the MAI currency is also a big question. Can you trade MAI for MATIC and then get more MAI for your MATIC? Something's just off about this. Show Less
