INTRODUCTION
Stablecoin is a cryptocurrency designed to minimize volatility at stable prices relative to some “stable” assets or a basket of assets. Stablecoin can be pegged to the currency or exchange-traded goods (for example, precious metals or industrial metals).
Most importantly, these tokens offer access to crypto-ecosystems that are built on the stability and durability of existing financial systems. And often, to help ensure stability, Stablecoin is guaranteed by other assets or coins. This is the point where QDAO appears.
QDAO Solution
The cryptocurrency guaranteed by the specified value provided by the QDAO solution is called "USDQ". All USDQ will be initially published on the ethereum blockchain as a standard ERC20 token. The USDQ unit issued for circulation is maintained at a ratio of 1/1 equal to 1 USDQ to 1 US dollar. USDQ can be used as bitcoin or another cryptocurrency that can be saved, spent or transferred. Thus, the fiat currency has acquired the property of cryptocurrency, and the price will be constantly fixed at the price of the fiat currency.
Using digital tokens supported by federal currencies, organizations and individuals can take advantage of a reliable and decentralized exchange of value using well-known accounting units. This innovative creation of blockchain technology offers a global ledger that is cryptographically secure and verified for its users.
At the time of this writing, QDAO has guaranteed the use of digital currencies in US dollars (USDQ) and Korean won (KRWQ). Other digital currencies that will be “immediately” supported are the Japanese Yen (JPYQ), Chinese Yuan (CNYQ), Hong Kong Dollar (HKDQ) and Singapore Dollar (SGDQ).
In essence, USDQ benefits the blockchain but is supported by traditional currencies. USDQ strives to become “stable” and becomes much more volatile than other digital currencies.
USDQ Basics
USDQ was issued by a DAO community called QDAO from Korea.
This digital currency unit was originally released on the ethereum blockchain using the standard ERC20 token. Each of these units has a corresponding unit of fiat currency. In other words, QDAO claims to have one US dollar for every US dollar supported by this particular paper currency.
USDQ Stablecoin Feature
USDQ is developed based on blockchain technology and provides the most reliable and trusted blockchain and public book. They focus on creating stable assets that are truly decentralized.
Decentralized - all decisions are made by the DAO community.
Guaranteed by encryption - there is no longer a secret deposit in your bank account. You can track all transactions in real-time.
Self-stabilization - following the nature of decentralized stable coins, coins cannot fall or take off with large fluctuations. The self-stabilizing algorithm and the market itself will always keep prices stable.
Use case
USDQ has three possible use cases. It:
Exchange: there are many problems in these markets when you have to accept deposits and withdraw paper money, especially when you have to establish relationships with a payment provider.
Individual: USDQ allows individuals to make secure transactions using US dollars, eliminating intermediaries, as well as eliminating the risks associated with keeping paper funds on the exchange. (USDQ can currently be traded on the BTC-Alpha exchange)
Traders: Using USDQ, traders can value their products in US dollars instead of digital currencies such as bitcoins. Digital currencies can be very volatile, so this makes it easier for customers.
**Become part of the original USDQ miner! **
If you are interested in mining USDQ, you need to install Q Box - a neutral network utility. This utility is a trained network that can predict the behaviour of the exchange rate based on an analysis of news, charts, and foreign exchange markets.
Q Box will be installed on any device. Users can install Q Box on their phone, tablet, laptop. According to Roadmap, Q Box is scheduled for release in the first quarter of 2020.
After installation, you will officially play a role in protecting the USDQ network. For more information, visit the white paper. You can also ask questions on their social networks on Telegram and KakaoTalk.
for more information:
Website : https://usdq.platinum.fund/
Whitepaper : https://usdq.platinum.fund/onepager
Twitter : https://twitter.com/FundPlatinum
Telegram : https://t.me/Platinumq
Author:
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2426201
Eth: 0x71501D24CA4543D128F9446e2b8980646EA4d453