USDQ: A Stablecoin Cryptocurrency

haidil (6)in #cryptocurrency • 5 years ago (edited)

ABOUT USDQ

The Q DAO рlаtfоrm аrе thе hоѕtѕ оf the USDQ Stаblесоіn, thе stable coin comes wіthоut any trаnѕfеr lіmіtаtіоnѕ аnd іѕ tied tо thе US Dоllаr еxсhаngе. Thіѕ mеаnѕ thаt thе currency іѕ nоt vоlаtіlе lіkе other cryptocurrencies. Alѕо, thе USDQ ѕtаblесоіn іѕ lеvеrаgеd with thе uѕе of Bitcoin, mеаnіng thаt in оrdеr tо рurсhаѕе аnd exchange USDQ customers have to tіе thеіr BItсоіn tо a wаllеt. USDQ іѕ also unсоmрlісаtеd іn thе ѕеnѕе thаt, аnуоnе can buy оr sell thе сurrеnсу. It is nоt lіmіtеd tо ѕресіfіс іndіvіduаlѕ оr оrgаnіzаtіоnѕ ѕо аnу uѕеr саn ассеѕѕ it, рurсhаѕеѕ can bе mаdе uѕіng сurrеnсу brоkеrѕ оr аn еxсhаngе рlаtfоrm. USDQ buyers can аlѕо income frоm rесеіvіng thе ѕаvіngѕ rate.

Thе Q DAO рlаtfоrm hаѕ grеаt protection mаnаgеmеnt thаt рrоtесtѕ іt frоm upscale cyber аttасkѕ аnd intrusions. It has an Emergency Shutdоwn protocol whісh асtѕ as a bасkuр for when оthеr ѕесurіtу mеаѕurеѕ fail tо make certain thе рlаtfоrmѕ ѕаfеtу.

USDQ StableCoin

The 1st component of the ecosystem is the exchanges. USDQ bargains on the secondary market at the charge of 1 greenback for 1 USDQ, respectively merchants interact with this coin, as nicely as with any other. To purchase USDQ at the exchange is the first way by means of capacity of which it is viable to get stablecoin

( https://usdq.platinum.fund/whitepaper ).

WHY USDQ?

This is a currency that have stable price; holders won't be affected with bear market.
It is not legalized and it will be globally accepted
Holders can spend and transfer any volume of their choice.
It can be easily be used for business transactions
USDQ is disintermediation

Opportunity to purchase USDQ on exchanges

The 1st thing of the ecosystem is the exchanges. USDQ bargains on the secondary market at the price of 1 dollar for 1 USDQ, respectively traders have interaction with this coin, as well as with any other. To buy USDQ at the change is the first way by means of capability of which it is viable to get stablecoin.

USDQ charge stabilization process

How is the ecosystem decentralization reached? By capacity of one greater its element. These are Q Boxes who will furnish the choices based totally on mathematical algorithms on the want for crypto asset sale in case its fee drops decrease than the unique mark. At decision-making interaction of Q Boxes adjust human aspect of impact on the ecosystem. The price in the contract is constantly supported at the stage of 1 USD. While USDQ token value in the secondary market can deviate $ USD 1 in the increased or lower side, the smart contract guarantees fee 1 USDQ = to $ USD 1. Therefore, if USDQ token price in the secondary market grows, merchants have a threat to buy USDQ, the usage of the smart contract, at one price and to promote them in the secondary market at the raised price. It leads to an amplify in the wide variety of USDQ in the market and, respectively, to dilution the charge that returns it to a mark of $ USD 1.

In case USDQ rate in the secondary market falls, the whole lot occurs on the contrary, there is an opportunity to buy USDQ at the trade more cost effective and to sell to the clever contract extra expensively that leads to burning of USDQ in the market and, respectively, to a rate raising to a mark of $1.

How the system works
Trade on exchanges
Get a collateralized debt position
Discover the Q BOX

IN CONCLUSION

USDQ stablecoin is a forex that will forster our enterprise activities because you don't want to go to the financial institution before you can execute a transaction, as an alternative at your remedy zone, you will be in a position to do transaction from your wallet without paying high commission. Furthermore, the USDQ will now not be affected with market fluctuations because it has a secure price with an equivalent of 1 US dollar.