Simdaq is an ecosystem with a set of tools, social platform and virtual marketplace. In order for such a system to work effeciently and the interaction between participants to be simple and understandable, an internal currency is needed. SMQ tokens issued during the ICO are used as internal currency of Simdaq ecosystem. After the token release, it will be added to a number of cryptocurrency exchanges, so the community members can always sell the earned tokens, which creates a full cycle of token circulation.
How to use SMQ token:
SMQ will be accepted as an exclusive payment method in the entire Simdaq ecosystem, so inside the system itself the growing demand for SMQ is created. Same as ETH is not only a currency but also required for smart contracts execution SMQ is required for Simdaq platform operations.
Besides that, SMQ can always be exchanged to other currencies on various markets. With increase of level of user involvement demand for SMQ grows. On a basic level when user works with trading simulator using historical data to improve his level of trading he needs SMQ only to cover the subscription for the service. Once user gets basic experiences he becomes interested in Simdaq Marketplace content and SMQ is required to reward the content contributors. At some point user becomes experienced enough to create his own content and he needs SMQ to publish and promote his content. At certain level user starts developing his own trading robots and needs additional SMQ for backtesting that requires lots of calculations. This model has wide range of abilities for developing economy inside the project as demand in SMQ increases while user involvement level grows.