References and scope — QTC Markets

References

[1] CME Group. FAQ: CME CF Single-Asset Cryptocurrency Benchmarks, questions 3, 4 and 16. Reference-rate calculations use executed trade flow; the methodology and oversight are described by the benchmark provider. Read the CME methodology and oversight FAQ

[2] Financial Stability Board / IOSCO. Principles for Financial Benchmarks, July 2013. Reference framework for benchmark governance, quality, methodology and accountability. Read the benchmark-principles summary

References reviewed 6 October 2026. They inform methodological design and do not endorse QTC, its launch price or any growth scenario.

Scope and status

Prepared as a proposed methodology and communication framework. The primary worked example uses the explicitly selected 20× annual scenario and 14% sell discount. The last adjusted slider setting, approximately 31.24× annually, appears as an exploratory comparison on the graph. Neither scenario is adopted as evidence of market value.

No independent QTC valuation, reserves audit or predictive-model validation has been completed for this document. It does not establish market prices, activate trading, commit buying funds or change settings on qtc.events.

Download the framework (PDF, 6 pages)

Methodology change log

Date	Version	Change
2026-10-06	Proposed framework	First publication. Formulas, evidence requirements, forward scenarios and public wording. No parameters adopted.
2026-10-06	Revision 2	Launch asking price in the worked example set to US$10 per QTC (first issue used US$5). Multiple, discount, formulas and evidence requirements unchanged; PDF reissued.
2026-10-06	Revision 3	Network-work factor (H_q/H₀)^β added to the asking-price rule, proposed β = 0.5, work measured as trailing 30-day average chain difficulty. The 31.24× slider comparison is withdrawn; forward scenarios now vary network work instead. Part 4 wording and the public wording updated; PDF reissued.
2026-10-06	Revision 3, note	The “insufficient evidence” callout in Part 2 removed on the owner’s instruction. The PVWAP method, exclusion rules and publication requirements are unchanged.