Why the core features of USDQ and KRWQ will beat other stablecoins? Depth look etherfrom Platinum Q DAO Engineering, developers of real stablecoins and BTCNEXT exchange. Part 4 — External Representatives in the Q DAO System

This article was provided by Ivan Borisov, Blockchain Engineer at Platinum Q DAO Engineering. Working together with highly experienced designers, front-end/back-end developers, auditors, and strategists, Ivan is responsible for architecting reliable and scalable blockchain solutions. He always strives to gain a deep understanding of underlying business logic, so that the delivered DLT-driven systems help strengthen the overall customer’s strategy, effectively integrating with other facets.

For the past 3 years, Platinum Company became the biggest Listing Broker in the world: we have listed more than 300 projects on Top Exchanges and supported Market Making for more than 70 projects.

Platinum STO/ICO fundraising dashboard and tokenization platform are now installed to 30+ projects, and it has helped them to raise more $350,000,000

In Platinum Q DAO Engineering we are creating a lot of cool stuff:

BTCNEXT — most secure, compliance and regulated exchange, built by traders for traders;

Decentralized stablecoins KRWQ, USDQ, JPYQ, CNYW (we are second Stablecoins DAO after Maker DAO)

Read this article and start learning about a decentralization wave, currently disrupting stablecoins.

Platinum Q DAO Engineering is the creator of the USDQ stablecoin. USDQ allows its users to collateralize their BTC thereby, guaranteeing its minimum value; a feature unavailable with Bitcoin and Ethereum. USDQ users can rest safely against the volatile tendencies of the market, as it is pegged with the US dollar; therefore, it is valued at 1 USD, just Like Tether.

KRWQ is another Q DAO family stablecoin by Platinum Q DAO Engineering, KRWQ is pegged to Korean Won. Soon there will be even more fully backed stable coins: JPYQ, SGDQ, HKDQ, and CNYQ, all under Q DAO brand.

Let’s meet the creative heads behind Platinum Q DAO Engineering.

Platinum Q DAO Engineering comprises of a team of highly skilled and experienced professionals from around the globe. The company has been hugely successful in global domination with several representatives spread worldwide.

Platinum Q DAO Engineering is a global leader in tech, advisory, and marketing services for blockchain projects. Employing over 100 specialists, it has helped to raise in excess of $200 million for many projects. It is also the largest listing service provider for STO, IEO, and ICO projects.

The Tokens

A full understanding of the USDQ stablecoin is effective only when we study the other tokens on the ecosystem. The Q DAO Ecosystem comprises two coins: Q DAO and stablecoins family USDQ, KRWQ and others.

1. Q DAO: the creation of Q DAO was factored to govern the ecosystem and to pay fees inside the ecosystem.

2. USDQ: USDQ is a decentralized stablecoin backed by bitcoin. It functions by using algorithms and is pegged to USD, that is USDQ 1 = USD 1.

What is Q DAO?

Q DAO isn’t a stablecoin. Its volatile nature is due to its assigned position in the Q DAO platform and its apparent supply tactics. There is a recorded supply of 3,200,000 Q DAO tokens in 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.

External Representatives in the Q DAO System

Q DAO is based on smart contracts, but there are still external representatives that come into play.

These are:

# Keepers: Keepers are independent representatives who are driven by profitable gains. They serve two purposes: they participate in Debt Auctions and Collateral Auctions when the CDCs are liquidated and gain surplus from USDQ trading.

# Oracles: Oracles function by analyzing real-time information of the asset prices to be used as collateral agents in CDPs. Oracles also act as real-time information carriers. Moreover, given their essential role in the ecosystem, they are carefully chosen by Q DAO holders.

# Global Settlers: The last line of security of Q DAO system is a global resolution. Global settlers are representatives elected by the Q DAO voters, and they don’t serve any other critical purpose.

Conclusion

This is the last part of article series from Q DAO Engineering. Please find the previous parts via the web or in the blog. Platinum Q DAO Engineering comprises of an excellent team fluent with the market runabouts and adept at upholding the spirit of decentralization. Decentralized tokens like USDQ and KRWQ from Q DAO family of stablecoins could bring about the globalization of cryptocurrency in the near future.

BTCNEXT Exchange is a next generation spot and margin trading platform by the PLATINUM Q DAO ENGINEERING team. It is the first Strategic business partner of USDQ stablecoin.

About PLATINUM Q DAO ENGINEERING

USDQ is brought by the PLATINUM Q DAO ENGINEERING team, as a measure to develop a high-endurance stable coin that uses innovative solutions in collateralization, price stabilization mechanisms, and oracles.

Visit https://usdq.platinum.fund for latest updates about USDQ (and KRWQ — soon)

Visit now Official Telegram chat in Korean or in English to learn about the latest development hacks.

Dive in Official Kakao Talk to ask questions in Korean directly to Platinum Q Dao management team.

# Q DAO diary { dev.day: 374, round: 1, 21 days until ieo#2, Q DAO price: $1.99 }

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Why the core features of USDQ and KRWQ will beat other stablecoins? Depth look etherfrom Platinum Q DAO Engineering, developers of real stablecoins and BTCNEXT exchange. Part 4 — External Representatives in the Q DAO System
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Why the core features of USDQ and KRWQ will beat other stablecoins? Depth look etherfrom Platinum Q DAO Engineering, developers of real stablecoins and BTCNEXT exchange. Part 4 — External Representatives in the Q DAO System
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This article was provided by Ivan Borisov, Blockchain Engineer at Platinum Q DAO Engineering. Working together with highly experienced designers, front-end/back-end developers, auditors, and strategists, Ivan is responsible for architecting reliable and scalable blockchain solutions. He always strives to gain a deep understanding of underlying business logic, so that the delivered DLT-driven systems help strengthen the overall customer’s strategy, effectively integrating with other facets.
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Platinum Q DAO
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