USDQ- A Unique Platform to Generate Fiat-Pegged Platinum QDAO Stable coins

PREAMBLE

The continuous demand about cryptocurrency is increasing, people have heard about it, and yet people want to find more about it, and find a way to be a part of it. The blockchain technology basically may be used for any types of transaction involving value (money, goods, real estates, etc.). Blockchain technology is a more efficient, decentralized and consensus-driven public repository, which can have a number of applicants in order to make citizens less dependent on governments.

Blockchain technology is the most popular and wildly used cryptocurrency exchanges which have gathered a significant amount of influence over the years. Application of blockchain are still in a defining stage and they represent an extremely fast moving field, with little established theory. It potentially allows individuals and communities to redesign their intentions in politics, business and society at large, with an unknown process if disintermediation on large scale, based on automated and trustless transactions. This process might rapidly change even the principle that supports existing political systems and governance models, calling into question the traditional role of state and centralized institution. Sadly the concept of decentralization which exists as the basis of cryptocurrency has not been completely adopted in cryptocurrency exchanges.

Cryptocurrencies offer a wide range of benefits for users around the world. However, high volatility in their prices prevents mass adoption. Users are not willing to trade in digital assets that might experience huge price changes in just a couple of minutes. Even the most popular coins, such as Bitcoin and Ethereum, aren't able to deliver stability with price movements for up 20% being a usual occurrence.

At QDAO, User can generate various stable coins such as USDQ and KRWQ. QDAO is a blockchain platform integrated with Ethereum smart contracts. It's an ERC20 token and brings a convenient ease of transfer without any limitations of any kind. USDQ holders can earn additional profits, receiving the Savings Rate, accruing on their holdings. USDQ is fully decentralized with all of its components residing on top of the blockchain.

THE USDQ PLATFORM

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.

At the Q DAO Platform, users can generate various stablecoins, currently USDQ and KRWQ. USDQ uses Bitcoin as its insurance, that is, 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 assistant, paving the path toward mass adoption of distributed ledger technology powered digital currencies. In variance to other stablecoins on the market, USDQ is fully decentralized with all of its components residing on top of the blockchain.

The stablecoins (USDQ, KRWQ and others) can be generated by any person who has Bitcoins at their disposal. Subsequently, these ERC-20 tokens can easily fulfill a wide range of functions, acting similar to other cryptocurrencies. Among the biggest use cases are cross-border value transfers, payments for goods and services to accepting businesses, as well as long-term savings.

Furthermore, the stablecoin generation system sets the foundation for a highly convenient and robust margin trading platform. Any person can use Collateral Assets in order to create USDQ at Q DAO Platform. They do this by interacting with a special smart contract, identified as "Collateralized Debt Position". The Q DAO Governance, made up by holders of the Q DAO governance token, is charged with making decisions on Collateral Assets, allowed for the use.

Collateral debt position are simultaneously used to mint USDQ and accrue the debt. The user can withdraw the Collateral Assets at any time upon repayment of the USDQ amount, equal to the loan originally received. Collateral debt positions implement the "excessive collateralization" principle, assuring that the debt value never exceeds the value of the Collateral Assets.

HOW THE SYSTEM WORKS

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 need to transfer Bitcoins to the smart contract. The smart contract creates equal amount of USDQ tokens for the amount of Bitcoin value. And if the user wants back his Bitcoin’s then he need 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 users account. This mechanism is works completely transparent and eliminates any possibility to create any fake USDQ coins.

Because coins are generally stable, you don't need to worry about the crypto price drop in the decentralized market because USDQ is a fixed currency, it offers convenience and benefits, as shown below:

• Trading on the Stock Exchange, USDQ trading on the secondary market is the same as other fixed currencies.

• Debt Secure your cryptography and it's easy to get USDQ fixed money. After the transaction is complete, simply return the USDQ with the crypto prize of your choice.

• Find Q BOX, Mine Q DAO tokens, develop your own AI-based robot; and mine your QDAO token

Benefits of QDAO

The transparency and openness of USDQ brings trust in its operation and utilization. Thus a true USD pegged stablecoin will help the grow and adoption of cryptocurrency in the mainstream sector. People can now utilize crypto payment solution in their everyday activities.

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 decentralized market.

Ability to track all transactions in real time and know exactly what a particular stable asset is supported by certain digital currencies. Fluctuations in the market do not matter, because a decentralized stable asset can not fall or soar with large fluctuations. Self-stabilizing algorithms and the market itself will always keep the price of the asset stable.

Data are easily accessible by blockchain technology, and there are no contradictions and manipulations regarding the reserves available to the team. All operations are available for observation by each user and at any time. Smart contracts provide automation and eliminate the need for third parties.

Price target for USDQ Tokens

The Target Price for USDQ means the price, which is used to determine the value of the Collateral Asset, is paid to
the USDQ holder after the Emergency Shutdown. The USDQ displays soft stakes to USD, meaning stakes 1: 1 are maintained most of the time but some deviations may occur on certain occasions. The target price for 1 USDQ is 1 USD.

ROAD MAP AND DEVELOPMENT TEAM

THE MANAGEMENT TEAM

For more detailed information:

Website: https://usdq.platinum.fund
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5139238.0
Github: https://github.com/platinum-engineering?tab=repositories
Linkedin: https://www.linkedin.com/company/platinumqdao/
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Quora: https://www.quora.com/profile/Platinum-Q-DAO
Pinterest: https://www.pinterest.com/platinumqdao/
Facebook: https://www.facebook.com/FundPlatinum
Reddit: https://www.reddit.com/user/Platinum_QDAO
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English Telegram: https://t.me/PlatinumQeng
Japanese Telegram: https://t.me/PlatinumQjp
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Twitter: https://twitter.com/platinumqdao

Authors info
Bitcointalk username : kunlelexybit
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=2652055;