USDQ is one of its kind ERC-20 decentralized stable asset


USDQ is a platform that makes assets stable and truly decentralized. USDQ is one of its kind ERC-20 decentralized stable asset.

Q DAO Stablecoin Ecosystem

Q DAO is a blockchain platform, integrated with Ethereum smart contracts. It provides a number of enablers for sustainability of the generated stablecoins, such as CDPs (collateralized debt positions), automated price adjustment processes with feedback mechanisms, as well as a system of incentives for external actors.

With Q DAO Platform, users can generate various stablecoins, currently USDQ and KRWQ are available. USDQ uses Bitcoin as its collateral, i.e. in order to create USDQ users need to lock up their Bitcoins in a smart contract. The stablecoin's price is pegged to United States Dollar. Stablecoins are seen as an important enabler, paving the path toward mass adoption of DLT-powered digital currencies. In contrast to other stablecoins on the market, USDQ is fully decentralized with all of its components residing on top of the blockchain. The KRWQ (and other stablecoins, planned to be launched in the future) act in the similar way, but are pegged to their specific fiats (KRW for KRWQ). In order to simplify the description, we are referring below only to USDQ, but the reader should understand that the same always applies to all other stablecoins, such as currently available (KRWQ) and planned (CNYQ, JPYQ and others).

How the system works

  • Trade on exchanges

Trade USDQ on the secondary market as any other stable coin.

  • Get a collateralized debt position

Collateralize your crypto and easily get USDQ stable coins. After trading is complete, simply return the USDQ in exchange for your crypto of choice.

  • Discover the Q BOX

Mine Q DAO tokens, raise your own AI based robot, which will help you to make predictions.

USDQ price stabilization process

How is ecosystem decentralization achieved? Through another of his element. These are Q blocks that will make decisions based on mathematical algorithms about the need to sell cryptographic assets in case the price falls below the designated brand. In the decision-making process, the interaction of Q Boxes regulates the human factor of influence in the ecosystem. The price in the contract is always taken at the level of 1 UAH. While the value of the USDQ token in the secondary market can deviate upwards or downwards of $ 1, a smart contract guarantees a value of USDQ = $ 1. Therefore, if the price of the token is USDQ in the secondary market, the operators have the opportunity to buy USDQ, using a smart contract, at a price and sell them in the secondary market at a high price. This leads to an increase in the number of USDQ in the market and, accordingly,

If the price of USDQ falls on the secondary market, everything happens the other way around, it is possible to buy USDQ on a cheaper market and sell a smart contract more expensive, which leads to burning USDQ. on the market and, accordingly, to a rise in prices for the brand by 1 dollar.

When you use services in the QDAO ecosystem, your property is absolutely secure from large-scale attacks through Emergency Shutdown. When an Emergency Shutdown occurs, you will receive an amount in USD, which is equivalent to the USDQ you are holding. Cases of Emergency Shutdown include:

  • The situation of price fluctuations lasts
  • Hacker’s attacks
  • Security breach
  • Upgrade the entire system in QDAO platform

With transparency, everyone will feel comfortable and safe when they want to make a transaction and below is information from USDQ tokens:

  • Name : USDQ
  • Standard tokens : ERC-20 Ethereum
  • Total supply : 5,531,632.504218

https://etherscan.io/token/0x4954db6391f4feb5468b6b943d4935353596aec9

The main problem to solve is reducing the volatility crypto trades face, and that’s exactly what USDQ and other Q DAO family stablecoins do. Each and every single stablecoin is backed with an amount of BTC safely stored with wallets which are connected to the smart contract ecosystem. Users can set long positions on USDQ and keep those funds stable without worrying about losing their money through the swings of the crypto market.

More Information :

Website : https://usdq.platinum.fund
Telegram : https://t.me/Platinumq
Twitter : https://twitter.com/FundPlatinum
Whitepaper : https://usdq.platinum.fund/whitepaper

Sealis
0x6AaB8a727a208e4f6783acA2BDD88CB36b18eFfc


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