USDQ is a dollar fixed stable cryptocurrency, mostly used for purposes outside of the blockchain investment idea. Saving, payments, hedging are some of the examples where USDQ can be effectively used. USDQ stays always inside the blockchain chain but also provides the stability that other cryptocurrencies lack.
First, let’s talk about the concept of DAO (decentralized autonomous organization) since USDQ is a DAO and it’s at the core of its operations. Such systems are in part driven by automated decision-making (executed by pieces of code operating on the blockchains and called “smart-contracts”), helping to govern the ecosystem and reduce fluctuations in the stablecoin prices. At the same time, the system enables humans to impact the system’s operations and make important decisions whenever they see fit. We enable Q DAO holders to have weekly meetings, during which the community votes on proposals concerning potential changes to the system.
In this story, we want to show how anybody can use USDQ to found an LLC in Austria, sidestepping bureaucracy traps and using stablecoins to make life easier.
Platinum, the international company rendering listing and other services, is now working on the decentralized USDQ token backed by Bitcoin. There are plans to launch the stablecoin in the first half of April. After the listing, the Platinum specialists will develop the USDQ ecosystem including other tokens, multicurrency robots based on artificial neural networks, cryptocurrency exchanges, and credits.
In this article, Slava Zheltov shares about USDQ, a unique decentralized stable coin that makes it easy to collateralize Bitcoin. As a Blockchain Architect at PLATINUM ENGINEERING, Slava acts as a full-stack front-end developer.
USDQ is a stablecoin, developed by the Platinum technical team. Similar to MakerDAO, it engages two tokens. The first one is USDQ, which is a peg to USD, and the second one is Governance Minable Token, acting as an internal management token, used to pay fees, vote on decisions and mine. Users can purchase USDQ via two methods – buying it on secondary markets from other users, just like any other token, or purchasing it directly from the issuer on its website. In the second case, a BTC collateral is used which ratio is determined based on current market conditions.
Until recently, one of the major reasons of startups failure was contributed to the lack of funds. Even people with revolutionary ideas weren’t able to collect the required capital to bring life to their project.
Hello! My name is Artem Finko, I work at Platinum, the world’s number one STO and ICO marketing agency with…
Hello! My name is Artem Finko, I work at Platinum, the biggest company promoting ICO and STO all over the…