Token Lock-Up: why it should become a standard. Look at Q DAO token by Platinum Q DAO Engineering, developer of BTCNEXT exchange and USDQ, KRWQ, JPYQ stablecoins

Different token offerings currently can be named as the most popular way to raise money for small startups, no matter how it’s called, ICO, IEO, or either STO. At the same time, there’s no way to restrict any fraudulent group from selling their own tokens by launching a crowdfunding campaign. So, the task of telling the good ones apart from the bad ones lies on the shoulders of investors themselves. However, it’s not impossible to distinguish fraudulent token offerings, because there are some certain signs, so-called “red flags”, that the project founders may disappear after the successful fundraising. One of these flags is the lack of a lock-up period after the fundraising. So why is it that important?

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Is Your Stablecoin Being Disrupted Too?

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.

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USDQ operating token is on the way

A new stablecoin USDQ will enter the crypto arena as early as April. This operating token is developed by Platinum, the recognized leader in consulting, promotion, and fundraising. The fundamental advantages of USDQ will be its decentralization and transparency. The coin is designed to provide traders and merchants with more options in the market that is notable for its high volatility.

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