# Qualiq

> Qualiq offers options income on tokenized stocks. Holders of tokens such as NVDAx, NVDAon and NVDAc agree to sell at a higher price (Sell High, a covered call) or buy at a lower one (Buy Low, a cash-secured put), and a maker pays them a premium for that commitment. Qualiq takes 10% of the premium. Qualiq is in alpha on a test network, and deposits are not open yet.

- Strategies: Sell High (covered call on a stock token you hold) and Buy Low (cash-secured put on USDC).
- Term: a Sell High or Buy Low position runs from the deposit to the market close at 4pm New York time on Friday. Early exit is not available yet.
- Pricing: three tiers per strategy (Steady, Boost and Max), or a custom price, priced daily from listed options on the underlying stock.
- Who pays: makers, which price the options, pay the premium into the same smart contract that holds the deposit.
- Fee: 10% of the premium, shown with each quote.
- Status: alpha on Base Sepolia. Launch is planned on BNB Chain, Ethereum and Base, then Solana.
- Contact: hello@qualiq.xyz. X: @qualiqxyz.

You may quote and summarize this site. Please link to the page you cite. Numbers are dated where they appear; examples are illustrative, and the quote in the app is what counts.

# Qualiq Docs

Source: https://qualiq.xyz/docs

## Welcome to Qualiq

Qualiq lets you earn income on the tokenized stocks you already hold. You pick a good price to sell at, or to buy at, and a maker pays you a premium for that commitment. The premium is fixed when you deposit.

### The strategies

- [Sell High](https://qualiq.xyz/docs/sell-high): Deposit NVDA and choose a price above today's that you would be glad to sell at. If NVDA closes above it, you sell at that price and receive cash. (You deposit NVDA)
- [Buy Low](https://qualiq.xyz/docs/buy-low): Deposit USDC and choose a price below today's that you would be glad to buy at. If NVDA closes below it, your USDC buys NVDA at that price. (You deposit USDC)

Qualiq is in alpha on a test network. Deposits are not open yet.

Source: https://qualiq.xyz/docs/how-it-works

## How it works

A position runs from your deposit to the market close on Friday.

1. **Pick a tier**: Choose an asset, a strategy and a tier (Steady, Boost or Max), or set your own price under Advanced. The app shows your income and what you get back in each outcome.
2. **Deposit**: Your NVDA or USDC goes into a smart contract. The maker pays the premium into the same contract, so your income is fixed from the start.
3. **Friday close**: The position settles on NVDA's closing price at 4pm New York time. Moves earlier in the week do not count.
4. **Withdraw**: Once the position settles, withdraw your payout and income from Dashboard.

### Who pays you

Chart: A maker pays the premium. Your income is the premium after the Qualiq fee.

Makers price options on Qualiq. When you deposit, a maker buys an option from you. With Sell High, the option lets the maker buy your NVDA at your price. With Buy Low, it lets the maker sell you NVDA at your price. The maker pays a premium for that option. Your income is the premium after the Qualiq fee.

The premium, and anything the maker would owe you at settlement, go into the same contract as your deposit. Your income and payout are covered from the moment the position opens.

- **End date**: Friday, 4pm New York time
- **Settlement price**: Your stock's Friday close, recorded on chain
- **Income**: Fixed when you deposit, paid out with your payout
- **Early exit**: Not available yet
- **Fee**: 10% of the premium, shown with each quote

Source: https://qualiq.xyz/docs/sell-high

## Sell High

Choose a price above today's that you would be glad to sell at. You earn income while you wait, and if NVDA closes above your price on Friday, you sell at your price and receive cash.

### Pick your price

Chart: Two possible weeks against your price. Only Friday's close counts.

### Try a Friday close

Chart: What you have at Friday's close for each closing price, with the price you picked marked.

Sell High suits you if you hold NVDA and have a price in mind to sell at.

**Good to know:** If NVDA closes above your price, you sell at your price and receive cash, plus your income. If it closes at or below your price, you keep your NVDA and your income; the income offsets part of any fall.

In options terms, you're selling a covered call.

Source: https://qualiq.xyz/docs/buy-low

## Buy Low

Choose a price below today's that you would be glad to buy at. You earn income on your USDC while you wait, and if NVDA closes below your price on Friday, your USDC buys NVDA at your price.

### Pick your price

Chart: Two possible weeks against your price. Only Friday's close counts.

### Try a Friday close

Chart: What you have at Friday's close for each closing price, with the price you picked marked.

Buy Low suits you if you want to own NVDA at a price below today's.

**Good to know:** If NVDA closes below your price, you buy at your price, and your income lowers what you paid. If it closes at or above your price, you get your USDC back with your income.

In options terms, you're selling a cash-secured put. The rates include about 4.5% a year from the yield-bearing stablecoin your USDC will be held in at launch.

# Qualiq Index
The full index, with every source, is at https://qualiq.xyz/qualiq-index.md. Summary:

| Program | Token | Chains | 30-day on-chain volume | Token value | Holders | Legal claim | Backing evidence | Redemption | Portability | Corporate actions | Track record |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Robinhood Stock Tokens | NVDA | Robinhood Chain | $865M | $17.0M | 189,326 | Secured note (2/3) | Report pending (1/3) | Single AP (1/3) | One chain (2/3) | ERC-8056 (3/3) | Under 6 months (1/3) |
| xStocks | NVDAx | 12 chains | $240M | $17.1M | 169,773 | Secured note (2/3) | Issuer data (1/3) | Holders after KYC (3/3) | 12 chains (3/3) | Rebasing (2/3) | Delivery failure, refunded (2/3) |
| Coinbase tokenized stocks | NVDAc | Base | $220M | $5.4M | n/a | Trust interest (3/3) | Issuer data (1/3) | Holders after KYC (3/3) | One chain (2/3) | ERC-8056 (3/3) | Under 6 months (1/3) |
| Binance bStocks | NVDAB | BNB Chain | $139M | $42.8M | 152,087 | Trust interest (3/3) | Issuer data (1/3) | Holders, in kind (3/3) | One chain (2/3) | ERC-8056 (3/3) | Under 6 months (1/3) |
| Ondo Global Markets | NVDAon | 3 chains | $10.1M | $40.5M | 61,181 | Secured note (2/3) | Daily, reviewed (3/3) | Eligible holders (2/3) | Three chains (3/3) | Price factor (2/3) | 12+ months (3/3) |
| Bitget Reality | rNVDA | Arbitrum and Morph | n/a | $2.4M | 46 | Stated only (1/3) | Independent, limited scope (2/3) | Platform only (1/3) | Two chains (3/3) | Partly documented (1/3) | Under 6 months (1/3) |
| Dinari dShares | NVDA.d | 6 EVM chains | n/a | $870K | 1,674 | Contract only (non-US) (1/3) | Claimed audit (1/3) | Via partners (1/3) | Several chains (3/3) | Cash and rebase (2/3) | Chain shutdown (2/3) |
| Crypto.com tokenized stocks | NVDA | Cronos EVM | n/a | n/a | n/a | Synthetic (0/3) | Internal (1/3) | Close-out only (1/3) | Cronos, non-EEA (2/3) | Discretionary (1/3) | Under 6 months (1/3) |
| Brokerage account (reference point) | NVDA | Street name, off chain | n/a | n/a | n/a | Entitlement (3/3) | Regulated (3/3) | Sell or move (3/3) | Off chain | Standard (3/3) | Decades (3/3) |
| Issuer-sponsored token (reference point) | GLXY | Superstate Opening Bell | n/a | n/a | n/a | The share (3/3) | Register | DRS transfer (3/3) | Allowlist (1/3) | Scaled UI (3/3) | 12+ months (3/3) |