USDQ - A truly decentralized stablecoin

in cryptocurrency •  15 days ago 

With globalization, new technologies are emerging in the environment in which we live, having an impact on society as a whole. Cryptocurrencies are a novelty that is inserted in the context of globalization.

But do you know the importance of cryptocurrency like USDQ for today's world?

https://usdq.platinum.fund/

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Currency values ​​have their own influence to increase or even decrease the trade value of a business. Significant changes can cause prolonged turmoil and require a long time to recover. This condition can also affect most parties involved in trading activities and force them to look for better opportunities to defend themselves.

What is USDQ?

USDQ is a platform that makes assets stable and truly decentralized.
USDQ is a fully decentralized stablecoin from PLATINUM ENGINEERING team. USDQ utilizes special algorithms to offer complete stability and reliability to users. USDQ is 100 percent backed with USD with 1:1 ratio. The project team uses Q DAO token for every internal operation. QDAO is a governance token which helps for the development process through holders voting. Q DAO token price is fluctuating and it's price growth motivates the holders.

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PLATINUM ENGINEERING is successfully providing technological solutions worldwide. It has helped more than 150 cryptocurrency projects to grow. Thus the capability of Platinum engineering assures the success of USDQ in the crypto market.

Opportunity to purchase USDQ on exchanges

The 1st element of the ecosystem is the exchanges. USDQ bargains on the secondary market at the price of 1 dollar for 1 USDQ, respectively traders interact with this coin, as well as with any other. To buy USDQ at the exchange is the first way by means of which it is possible to get stablecoin.

If traders have USDQ tokens, they can exchange them for fiat currencies, such as USD, with a value equivalent to the amount of USDQ tokens they have. Thus, raw material purchase transactions that apply the USDQ currency can be paid with the same value in USD. This token can be obtained through mining which is done directly in the USDQ network system. Mining will be easier if done using Q Box. Q Box is one component contained in the USDQ network technology system whose function is to provide accurate predictions of the opportunities of digital currency. Q Box is driven by Artificial Intelligence (AI) technology which helps in determining the results of predictions that are more factual. The things that are analyzed include parameters, news, and other factors that determine the potential profit of a type of currency.
Every user can do this mining and they will automatically become part of the USDQ system component. This platform implements a democratic system in managing its network where every user who has done mining can contribute directly to managing the network. By adding functionality from platform users, USDQ can improve the performance of the system to be more resilient and able to service all types of transactions in various types of currencies. Exchange transactions seem to be a mainstay feature among the other features provided. this can be seen from the next plan to add fiat currencies that are supported by exchanges with USDQ tokens. This token is officially named the Q token which is run in the DAO concept or the Decentralized Autonomous Organization. For now, Q tokens can be exchanged for USD and KRW. Henceforth, exchanges will be made with other types of currencies such as JPY, CNY, HKD, and SGD. Currency exchange This is still valid for the limited number of fiat currencies currently, but this does not rule out the possibility of exchanges that will take place with the type of digital currency.

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Receiving the credit in USDQ through crypto-assets collateral

The 2nd way, which includes several important elements of an ecosystem, is receiving the credit in the stablecoin USDQ through crypto-assets collateral. A pledge rate to the released stablecoin is D %, where D is the last rate established by Q Box which is a self-learning neural network and approved by holders of the governance token. Thus, it reaches over provided credit and leads to ensuring the stability of USDQ token.

Respectively, when new crypto assets enter the ecosystem, the created smart contract prints new USDQ and sends them to the borrower. When the borrower wants to take away the collateral and return the credit, it undergoes the return procedure on the website, at the same time paying a certain interest rate for use of stablecoin credit. After the return of USDQ together with payment of commission for use of proceeds of credit, crypto assets are de-frozen and return to the address of the borrower's wallet, and USDQ tokens are burned.

The credit in USDQ tokens is issued for a limited term. If the credit lasts, then it is necessary to bring the commission in the governance tokens Q DAO. If the credit is not returned in time, then pledge in cryptocurrency goes to the untouchable stabilization fund. In case of elimination process crypto assets of stabilization fund are sold first.

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How it Works

USDQ is one of its kind ERC-20 decentralized stable asset
1 USDQ = $1
Right now issued 5,531,632.5042 USDQ collateralized by 1,410.582 BTC (200% collateral).

KRWQ is one of its kind ERC-20 decentralized stable asset
1 KRWQ = ₩1
Right now issued 1,169,653,205.00 KRWQ collateralized by 249.9999 BTC (200% collateral).

JPYQ is one of its kind ERC-20 decentralized stable asset
1 JPYQ = ¥1
JPYQ is coming soon

CNYQ is one of its kind ERC-20 decentralized stable asset
1 CNYQ = ¥1
CNYQ is coming soon

HKDQ is one of its kind ERC-20 decentralized stable asset
1 HKDQ = HK$1
HKDQ is coming soon

SGDQ is one of its kind ERC-20 decentralized stable asset
1 SGDQ = S$1
SGDQ is coming soon

How the token sale works

Tokens to sell

Distribution of 51% of tokens (509999.49 QDAO tokens).

For how long

distribution will be made in 10 Rounds. Round start at 1st day every month during 10 months will be distributed 50000 Tokens during each round.

Where to buy

we distribute 30% tokens by IEO(all tokens are unlocked) and 70% tokens by OTC desk (tokens will be locked for a certain period of time).

https://usdq.platinum.fund/

The USDQ team uses Collateralized Debt Contract (CDC) mechanism for the creation of new USDQ coins. For example, if a user wants to create USDQ tokens, then he needs to transfer Bitcoins to the smart contract. The smart contract creates an equal amount of USDQ tokens for the amount of Bitcoin value. And if the user wants back his Bitcoin's then he needs to again return back the USDQ tokens to the smart contract. Upon receiving the coins, the smart contract destroys the USDQ coins and returns the Bitcoin to the user's account. This mechanism works completely transparent and eliminates any possibility to create any fake USDQ coins.

PLATINUM ENGINEERING is successfully providing technological solutions worldwide. It has helped more than 150 cryptocurrency projects to grow. Thus the capability of Platinum engineering assures the success of USDQ in the crypto market.

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Official links:

Website: https://usdq.platinum.fund/
Whitepaper: https://usdq.platinum.fund/whitepaper
Twitter: https://twitter.com/platinumqdao
BTT: https://bitcointalk.org/index.php?topic=5139238.0

Proof of ownership: https://bitcointalk.org/index.php?action=profile;u=2597746

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