USDQ Token: Decentralized Stablecoin Q DAO by Platinum Engineering
USDQ Token is a decentralized stablecoin by Platinum Engineering team. The coin, which is already being traded, is designed for everyone.
The developers of USDQ token believe that digital currencies offer a wide range of benefits for users around the world. However, high volatility in prices is the major challenge toward their mass adoption. Users are not willing to trade in digital assets that might experience huge price ranges in just a few minutes. Even the most popular coins such as Bitcoin and Ethereum are not able to deliver stability with regular price movements.
At the Q DAO Platform, users can generate various stablecoins, currently USDQ and KRWQ are available. USDQ uses Bitcoin as its collateral, such that in order to create USDQ, users need to lock up their Bitcoins in the smart contract. The price of USDQ is pegged to the United States Dollar (USD).
What Users Can Achieve with USDQ
With USDQ, users can do the following:
Trade it as a regular stable coin on the secondary market: USDQ is a low volatility cryptocurrency and trading it on the secondary market may help traders work more efficiently and stay safe no matter what happens on the secondary.
Besides, users can collateralize their crypto and get a simple stable trading asset. After trading, you just need to give it back and return your crypto. Bitcoin, Ethereum, and other popular digital assets cannot guarantee their minimum value.
Therefore, users can protect their crypto in USDQ until they are sure of their stability. Holders of USDQ will have a trusted coin to safeguard from the market volatility until they are ready to trade again.
Importantly, users can join the Q DAO community of miners and decision makers. By joining the Q DAO community, users can begin mining Q DAO tokens immediately. This is a chance to become a miner in a growing community. Besides, users can make their voice heard by becoming part of the decision makers.
How the System Works
- Trade on exchanges: Trade USDQ on the secondary market and any other stable coin.
- Get a collateralized debt position: users are able to collateralize their crypto and easily earn USDQ stablecoins. After trading, users can simply return the USDQ in exchange for a crypto of their choice.
- Discover the Q Box: Users can mine Q DAO tokens, raise their own AI-based robot, which can help them make predictions.
The philosophy of USDQ is to create a truly decentralized stable asset. The system is decentralized and all decisions made by the DAO community. The Q DAO community provides full democracy with no centralized control. You can change anything you see fit if the community supports your initiative. Every member has the right to vote and every decision is at the discretion of the community.