CoinMarketCap Listed QDAO, Earn 415$ From QDAO (USDQ) Airdrop/Bounty
QDAO is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. It’s backed by Bitcoin another top 10 cryptocurrencies will be added in future. The elegant system places all transactions on the blockchain and empower users to execute cross-border and disintermediated transactions at any time and from any place.
QDAO is airdropping upto $450 USDQ tokens to their community members. Also invite friends to earn 1 USDQ for each referral.
Bitcoin, Ethereum, and other popular cryptocurrencies can
Collateralize your crypto and get a simple stable trading asset. After the trading, just give it back and return your crypto.
't guarantee its minimum value. So, protect it in our ecosystem until you will be sure in their stability. Holders of USDQ will have a trusted coin which will safeguard from market volatility until ready to begin trading again.
Trade it as a regular stable coin on the secondary market.
Trading in a low-volatility cryptocurrency such as USDQ may help traders to work more efficiently and stay safe no matter what happens on the secondary market.
Join the Q Dao Community of Miners & Decision Makers!
Join our mining community and begin mining Q DAO tokens immediately. Now is your chance to become a miner in a growing community. Make your voice heard by becoming part of our decision makers by mining a revolutionary new cryptocurrency of the future.
How the system works
1.Trade on exchanges
Trade USDQ on the secondary market as any other stable coin.
2.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.
3.Discover the Q BOX
Mine Q DAO tokens, raise your own AI based robot, which will help you to make predictions.
Community
Learn more about USDQ and Q DAO, chat with the team, and leave your mark in the blockchain history
https://usdq.platinum.fund
https://t.me/Platinumq
https://open.kakao.com/o/gfFhY2mb
https://nuget.pkg.github.com/qdao
What are Stable Coins? USDT, TUSD, GUSD, USDC and USDQ
stablecoin that offers reliability and easy collateralization for Bitcoin. Working
as a Blockchain Architect with PLATINUM ENGINEERING,
Slava collaborates within the +200-employee team to develop bleeding edge
full-cycle business models for crypto projects. A key value proposition,
brought by PLATINUM ENGINEERING, is a holistic approach, where a
versatile talent pool helps startups build up capabilities in IT, marketing and
legal. A unique decentralized stablecoin USDQ features various price
stabilization algorithms, an intricate system of incentives for traders and
AI-driven predictive analytics module. This novel stablecoin is worth
noting while it’s still gathering steam.
Foreword
It's clear that cryptocurrencies are gradually making inroads into the global
economy, moving closer to
mass adoption. Cryptocurrencies offer a number of advantages -
decentralization and trust, lower commissions and disintermediation - that
make it easier for users to carry out their daily transactions.
Anybody can transfer value around the globe, winning from fast
processing time.
In comparison, sending value across borders via legacy financial systems
requires lengthy waiting periods and fees, while also making users stuck
into highly complex processes. For instance, if a person from Japan wants
to send some money to England, the fees can range anywhere from 5% up
to 10%, depending on the system being used. In addition, there will be
some currency conversion fees. It seems that centralized players, currently
enjoying lack of competition, set up fees and commissions just as they wish.
And it's merchants that carry out cross-border transactions that find working
with legacy finance institutions most troublesome. They keep losing hefty
chunks from their potential profits, just paying out fees to payment
processors.
This makes businesses hike up their prices, passing these expenses to
ordinary consumers. Crypto offers a paradigm shift change, bringing to the
table lightning speeds and lower fees. Although cryptocurrencies have
been winning more and more attention from merchants worldwide, there's
still a number of roadblocks to wider adoption, among which are price
volatility, scalability limitations and others.
Volatility is admittedly the biggest hurdle that prevents businesses from
using cryptocurrencies more. Bitcoin can experience huge fluctuations in just
a matter of hours or even minutes. In addition, major coins like Bitcoin and
Ethereum present scalability issues, which results in high processing time.
A merchant, who has to handle hundreds of payments on a daily basis,
would not be able to conduct their business efficiently if transactions get
stuck for days on end. On top of that, it's extremely hard for adopters to
convert cryptocurrencies into fiat via the banks and other financial agents
they usually work with. Cryptocurrencies
seek to offer solutions to all of these issues.
What is stablecoin?
A stablecoin is a cryptocurrency, whose architecture enables its price to
always equal the price of anotherasset. Most of the stablecoins are
pegged to USD. The biggest names in cryptocurrencies are Tether,
Gemini Dollar, USDQ, TUSD and others.
How do stablecoins manage to be so stable?
As opposed to other coins that float freely, stable cryptocurrencies require
that each unit is backed with a unit of the fiat currency. For instance,
Tether (USDT) pegs 1 USDT to 1 USD on the one-to-one basis.
In this way, stablecoins are somewhere between cryptocurrencies and
regular fiats. Tether is based on its own blockchain that is built on top of
Bitcoin, Litecoin and Ethereum systems.
Although Tether is the biggest stablecoin, there's a number of concerns as
to its operations. The biggest one is the continuing controversy as to the
fiat reserves, which the issuer is supposed to store on the one-to-one ratio
to the number of issued Tether units. The company has been saying that
the audit will be done in the near future, but just several weeks ago it
started to claim that it's not only the cash, but also loans to other
companies that can be recorded as fiat reserves. These statements
resulted in growing distrust among crypto enthusiasts.
Another project is TrueUSD (TUSD). It also pegs to USD. The difference
with Tether is the openness to audits and transparency. The company
is open to third-party audits, it publishes the duly verified reports on
the fiat reserves it holds. In addition, users enjoy legal protections.
USDC is another stablecoin that was created by the famous cryptocurrency
exchange Circle. Just as TUSD, if offers regulatory compliance and
transparency. The big problem about all these systems is the fact that they
enable authorities to seize users’ funds, which completely negates the very
idea of decentralization and anti-censorship, on which crypto is built.
USDQ is different from other stablecoins as it's not backed by the fiat
currency, but by Bitcoin and other top-10 cryptocurrencies in the
future. This enables the ecosystem to avoid dealing with legacy financial
systems. Through the overcollateralization process, USDQ turns highly
volatile cryptocurrencies into the USD-pegged USDQ that is perfect for
storing value and processing transactions in the external economy
without any risk of price changes. The coin is being developed by
PLATINUM ENGINEERING with the
small community slowly growing around the project.
Why do we need stablecoins?
Stablecoins have advanced as a new iteration on cryptocurrencies,
enabling to address such issues as high volatility and interactions with
legacy financial systems.
Coins like USDQ make sure that various mechanisms are used in order
to stabilize the prices at the USD peg. Traders can easily change their
Bitcoins into USDQ and thus prevent the negative impact on
unwanted prices changes. Stablecoins are very easy to use, which is a
boon for non-techy adopters. Any person from around the world can
quickly convert fiats into stablecoins, without any need to think about
future price changes and without worrying about potential risks for
losing their funds. As a rule, you'll always find various stablecoins on
crypto exchanges, enabling traders to quickly move around stables
and other cryptos.
As we've spoken above, cross-border payments win most from using
the stablecoins. This hybrid species between fiat and crypto will help
open up the hidden value in global trade, amounting to trillions of dollars
in profits for stakeholders.
higher stability and reliability. Fully on-chain and monitored by high-speed
AI robots, ecosystem offers reliable defences against malicious
acts and attacks. First run in line of fiat-pegs, USDQ is brought by
looking to edge together innovative solutions in collateralization, using
stabilizing mechanisms and oracles for high-endurance stablecoins.
Fully anonymous, USDQ breaks limits out of this legacy world.
PLATINUM ENGINEERING openly shares about its development and
vectors for growth, enabling stakeholders to learn about cutting-edge
solutions in the blockchains/crypto domain. PLATINUM ENGINEERING
has already helped over 150 crypto projects to grow through emerging
blockchain economy of the future. Businesses would be amazed at new
capabilities they can obtain through tokenizing their business models,
automating routine business processes and drawing investors on
crypto markets. The team welcomes the community to contact directly
learn how to obtain new competitive advantages by tapping into
