What is Q DAO?
Q DAO isn't a stable coin. Its volatile nature is due to its assigned position on the Q DAO platform and its apparent supply tactics. There is a recorded supply of 3,200,000 Q DAO tokens on the platform. Q DAO has a dual nature where it can be used both as a utility token and a governance token.
Q DAO as a Utility Token
Q DAO is functional for the payment of stability fees generated on CDPs used for the generation of USDQ. The payment of the fees can be made only through Q DAO. After the completion of the payment, Q DAO is burnt off completely erasing it from the supply system. With a developed system and advanced technology, DAO will maintain the resulting stable, to protect users.
The progress of the world is developing very rapidly. There are great innovations such as cryptocurrency, blockchain technology, smart contracts. In the past, we could not imagine that this was possible. But that is a fact. Digital currency continues to grow and gradually penetrate into all areas of human life, from the financial sector to medicine. This gives a lower commission, openness and transparency, high operating safety, reliability, not including intermediaries. But it also has a number of disadvantages: constant price fluctuations, but transaction speeds are sometimes very slow.
Volatility is one of the main problems that prevents companies from using cryptocurrency. Cryptocurrency can experience huge price fluctuations in just a few hours or even minutes.
Based on this deficiency, stable coins began to appear: USDT, TOSHO, GUSD. They seek to reduce volatility and increase the popularity of digital currencies. Traders turn to stable coins to maintain the value of their assets by waiting for unwanted price fluctuations. By reducing volatility, they will facilitate mass adoption in the future.
Trade with USDQ:
USDQ - one type of decentralized stable asset standard ERC-20. 1 USDQ equals 1 US dollar. Later, other stable assets will be available: KRWQ, JPYQ, CNYQ, HKDQ, second.
Trading digital currencies with low volatility, such as USDQ, can help traders work more efficiently and stay safe no matter what happens in the market.
How does it work?
This ecosystem is based on Mr. Dao's internal digital assets which are used to manage the ecosystem and USDQ. The system itself is guaranteed with Bitcoin and other digital currencies.
USDQ does not require a relationship with the bank or auditor. The USDQ generation process is based on an intellectual contract.
Ecosystems use excessive supply methods, which are needed because of high volatility. If you compare stability with other popular coins, then USDQ requires a higher script ratio that needs to be posted as collateral, with the right ratio. In addition to interacting with the next generation of smart contracts, traders can also buy USDQ on the secondary market.
Trade USDQ on the market like other stable coins.
Protect your digital assets by exchanging them for stable USDQ coins. And the costs fluctuate around 1 US dollar with a little variation. After completing an exchange trade, only USDQ to your digital assets.
Open Question Window. Create your own robot based on artificial intelligence that will help you make predictions. It analyzes various parameters, news, and other factors to make estimates.
The advantage:
The USDQ is a stable asset that is truly decentralized. There is no centralized control.
Transparency:
You can track all transactions in real time and know exactly what certain stable assets are supported by certain digital currencies.
Always stable:
Fluctuations in the market are not a problem, because stable, decentralized assets cannot fall or soar with large fluctuations. The self-stabilizing algorithm and the market itself will always keep asset prices stable.
We will analyze and highlight positive aspects:
The Idea Is Great:
I like what USDQ is. USDQ is different from other popular stable assets such as USDT, TOSHO, GUSD. The only difference is that in a stable popular asset, collateral is an ordinary traditional currency, which is held in an outdated financial institution - in a bank.
Another difference is that this asset depends on the reliability of the reports issued by the team and company auditors who check traditional currency reserves, while USDQ monitors all transactions and reserves using blockchain technology.
High Reliability Stability and:
USDQ is a decentralized stable asset that uses algorithms to provide greater security, stability and reliability. Ecosystems provide reliable protection against fraudulent attacks and hackers, fully controlling all operations.
Transparency and full openness:
All data is easily accessed thanks to blockchain technology, and there are no contradictions and manipulations regarding the backup available to the team. All operations are available for every user to see at any time. Smart contracts provide automation and eliminate the need for third parties.
The development team is Competent:
Technical development is carried out by an extraordinary team and their craft experts, bringing together first-class experts from the fields of development, marketing and strategic talent from the field of digital currency.
We all know for a long time that the company's success depends on the team, on making the right decisions. But such a team will definitely be able to implement the project fully and compete with other stable assets, and maybe even surpass them. I believe.
The team also worked hard to build long-term partnerships with stakeholders in the crypto industry.
It is worth noting the high rankings of renowned experts and analysts.
Conclusion:
In general, I like this project. After learning all aspects, I have no doubt that USDQ will grow and become an important part of cryptocurrency. With the increasing number of new users, the ecosystem will become more popular and will become a backup storage used for secure cryptocurrency storage.
Don't pass, and study the project in more detail. If you are interested in this project, click the link below for more information.
Website: https://usdq.platinum.fund/
Whitepaper: https://usdq.platinum.fund/onepager
Medium: https://medium.com/platinum-fund
Facebook: https://www.facebook.com/FundPlatinum
Twitter: https://twitter.com/platinumqdao
Telegram: https://t.me/Platinumq
AUTHOR:
Username:Damkar58
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1925168
ETH Address:0xFa468a5de2759AC15f1191d9A78240F2e7B137B0
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