Qolaq opens final beta testing for its community-driven health insurance platform on Stellar. Users can enroll in Critical Illness or Life programs with QLQ tokens, participate in community voting on claims, and access full wallet functionality. Beta participants earn rewards in XLM and USDC.
Qolaq, a Stellar-based mutual aid platform, opens final beta testing for its decentralized health insurance model. The platform onboarding requires email signup, two-level KYC verification, and enrollment in one of two programs: Critical Illness or Life protection. Users deposit QLQ tokens into their chosen program's pool for 3, 6, or 12-month periods and gain voting rights on fellow members' claims. The voting interface offers three preference settings (Kindest, Neutral, Most Careful) including an auto-vote option for members with limited availability. The wallet module supports sending QLQT tokens to external Stellar wallets or between QolaQ accounts, with security via email OTP and Google Authenticator. Claim submission requires disease diagnosis details and supporting documents, with full transparency on scoring and voting results. Beta testers earn rewards in XLM and USDC.