USDQ - New Stable Coin for Your Assets Based on Blockchain

Hello, my name is Donny. this time i will review about new Stable coin/token. it's called USDQ.
ok lets see my review.



World progress is developing very rapidly. There are such wonderful innovations like cryptocurrency, blockchain technology, smart contracts. In the recent past, we could not imagine that this is possible. But it is a fact. Digital currency is steadily developing and gradually penetrates into all spheres of human life, from the financial sector to medicine. It gives lower commissions, openness and transparency, high security of operations, reliability, excludes intermediaries. But it also has a number of disadvantages: the constant price fluctuation, but the speed of transactions is sometimes very slow.
Volatility is one of the main problems preventing companies from using cryptocurrencies. Cryptocurrencies can experience huge price fluctuations in just a few hours or even minutes.
Based on these shortcomings, stable coins began to appear: USDT, TOSHO, GUSD. They seek to reduce volatility and increase the popularity of digital currencies. Traders switch to stable coins to preserve the value of their assets by waiting out unwanted price fluctuations. By reducing volatility, they will facilitate mass adoption in the future.

What is stablecoin? 

stablecoin is a cryptocurrency, an architecture that ensures that prices always equal the prices of other assets. Most stable currencies are fixed in dollars. The biggest names of cryptocurrencies are Tether, Gemini Dollar, USDQ, TUSD and others.

How can stablecoins be so stablely managed?

Unlike other coins that float freely, in stable cryptocurrencies each unit must be backed by a monetary unit. For example, Tether (USDT) is fixed from 1 USDT to 1 USD on a one-to-one basis. In this way, a stable coin lies between cryptocurrencies and regular fiats. Tether is based on its own blockchain built on top of Bitcoin, Litecoin and Ethereum systems. 

USDQ StableCoin

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.

Background

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a currency, or to exchange traded commodities (such as precious metals or industrial metals).

Crucially, these tokens offer access to the crypto ecosystem built on the stability and endurance of the existing financial system. And often, to help guarantee stability, Stablecoins really are collateralised by another asset or coin. This is the point where QDAO comes in the existence.

Why USDQ is Special ?

The special, which contains a number of significant components of the ecosystem, is considered to be the acquisition of credit in stablecoin USDQ through crypto mortgage ownership. The Deposit amount for the purpose of issued stablecoin is D %, at which point D is the final amount determined by Q Box, which is considered a self-learning neural network and is approved by the management token holders. This way, someone comes the loan leads to ensure the sustainability of the token USDQ. 
Accordingly, if the latest crypto assets enter the ecosystem, the generated smart contract publishes the latest USDQ and sends them to the borrower. If the lender seeks to take out a guarantee and repay the loan, someone proceeds with a refund operation in the website, the presence of this paying a specific profitable rate due to the application of the stablecoin loan. After USDQ return together with the payment of a fee for the use of plastic money, scriptactive de zasovyvayut and return to the location of the wallet of the borrower, and tokens USDQ burned. 
Credit in usdq tokens is allocated in a short period. If the loan continues, in this case, you should bring the Commission to the management of q DAO tokens. If the loan does not return in a timely manner, in this case, the guarantee in the cryptocurrency is transferred to the inviolable stabilization asset. In case of liquidation of the assets of the crypto stabilization Fund, the main ones will be implemented.

How does the system work?

As coins are stable in general, you don't need to worry about the crypto price decline that is happening in the crypto market, because USDQ is a stable coin and all you need to know is that this coin can make money for you.
Maybe you still think stable coins cannot provide benefits, but USDQ gives you convenience and benefits as I will show below:

1. Trading on the exchange
   Trading USDQ on the secondary market is like any other stable coin.
2. Get a loan
   Guarantee your crypto and easily get USDQ stable coins. After the trade is complete, simply return the USDQ with your chosen crypto reward.
3. Find the Q BOX
   Mine Q DAO tokens, raise your own AI-based robot, which will help you make predictions.

QDAO Solution

The fiat-pegged crypto currencies provided by QDAO solution is called as “USDQ”. All the USDQ will be initially issued on ethereum blockchain as an ERC20 token standard. The USDQ unit issued for the circulation is supported by one-to-one ratio that is one 1 USDQ is equal to 1 USD dollar as per the corresponding fiat currency unit. After the issuing of USDQ, it can be used like a bitcoin or any other cryptocurrency that you can store (like bitcoin store), spend or transfer. In this way fiat currency has gained the cryptocurrency properties and its price will be permanently fixed to the price of the fiat currency.

By using digital token supported by fiat currency, organizations and individuals can enjoy the benefit of robust and decentralized way of value exchange while using a familiar accounting unit. This innovative creation of blockchain technology offers cryptographically secured and auditable global ledger for its users.

At the time of this writing, the digital currency is pegged to the U.S. Dollar (USDQ) and the Korea Won (KRWQ). The digital currency will "soon" be capable of supporting the Japanese yen (JPYQ), Chinese Yuan (CNYQ), Hongkong Dollar (HKDQ), and Singapore Dollar (SGDQ), according to the QDAO website.

Basically, USDQ provides the benefits of blockchain, but it is backed by traditional currency. As a result, it aims to be a "stablecoin" and to be far less volatile than other digital currencies.

About the q Box utility

In the guarantee of crypto assets, the consumer contains the probability of not only acquiring a loan in USDQ, however, and determining the m window in each device. This program involves a self-learning neural connections are ready to carry out the forecast of the monetary directions in the base of consideration of new products, charts in the trading of monetary units.

This line investigates the neural procedure for adoption of opinions. The pace of teaching depends on the number of crypto assets that the user has assigned in the Deposit. More than their Deposit, that someone investigated more rapidly and that more and better monitoring occur. In addition, the user is able to determine the Q Box in a mobile phone, tablet, laptop, thereby increasing the pace of its teaching. The program functions only up to these times, as long as the user contains the crypto asset in the Deposit. 

The second role of this neural bond is that the beloved not only foreshadows the actions of monetary directions, but in this case, because the period disposes of q DAO tokens, which represent the importance of the disposing token in promoting a stable usdq coin. 

Q Box also contains 1 with the most important functions — in the absence of its concept does not exist b decentralized. Bonds neural data presenting predictors that will predict the direction of the cryptocurrency and provide resolution according to the change of Deposit rates.

Be part of USDQ early miners!

If you’re interested in mining USDQ, you need to install Q Box - a self-learning neutral network utility. This utility represents the self-trained neural network capable of doing predictions of the behavior of exchange rates on the basis of the analysis of news, schedules, the market of currencies.

Conclusion:In General, I liked this project. Having studied all aspects, I have no doubt that USDQ will grow and become an important part of cryptocurrencies. With the growing number of new users, the ecosystem will become more popular and will become a backup storage used for the safe storage of cryptocurrency.

Team

For more information, please visit link below :

https://usdq.platinum.fund/
https://t.me/Platinumq
https://open.kakao.com/o/gfFhY2mb
https://ieo.btcnext.io/QDAO
https://www.facebook.com/FundPlatinum
https://twitter.com/FundPlatinum
https://medium.com/platinum-fund
https://www.reddit.com/user/Platinum_QDAO
https://www.linkedin.com/company/platinum-co/
https://github.com/Platinumengineering/USDQ

Author : Donny arrr

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ETH Address : 0x2eb56cD651CBc1D8088AC385D0fF0960F950E41a