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.
In this article, Slava Mikhalkin talks about USDQ, a fully algorithmic stablecoin that offers reliability and easy collateralization for Bitcoin. Working as a Blockchain Architect with PLATINUM ENGINEERING, Slava collaborates within the +200-employee team to develop bleeding edge solutions in white-label wallets, STOs and IEOs fundraising platforms, and full-cycle business models for crypto projects. A key value proposition, brought by PLATINUM ENGINEERING, is a holistic approach, where a versatile talent pool helps startups build up capabilities in IT, marketing and legal. A unique decentralized stablecoin USDQ features various price stabilization algorithms, an intricate system of incentives for traders and AI-driven predictive analytics module. This novel stablecoin is worth noting while it’s still gathering steam.
USDQ is different. Pegged to Bitcoin as collateral (and other cryptocurrencies in the future), it improves on the mechanics of other stablecoins, eliminating the need to rely on “legacy” institutions.
USDQ, a new stablecoin on the market, has just release its OnePager, apparently set to take strong positions among competing projects. The underlying tech solutions will be developed by Platinum, an experienced blockchain team, boasting strong talent pool in development, UI and marketing across crypto/blockchain niches.
One of the largest listing service providers Platinum intends to launch a new stablecoin USDQ in the first half of April. USDQ will be decentralized, self-regulating, and backed by Bitcoin. This feature will allow the market participants to trade and make payments in popular cryptos without needing to be concerned about volatility.
Platinum company LTD announced the developing of USDQ coin, a one of its kind decentralized stable asset. The USDQ token is fully backed and correctable by bitcoin aiming it to match 1:1 with the U.S. dollar. USDQ has been designed as an Ethereum token written according to the ERC-20 protocol, now anyone with an Ethereum wallet will be able to send and receive USDQ tokens. Though Platinum is developing the currency, there is no central authority in charge of issuing the coin.
Platinum, the leader in blockchain marketing and development is creating the technology for a new and efficient stablecoin – the USDQ. The USDQ is a decentralized stablecoin that is backed by bitcoin. It has been designed in such a way so as to keep its value always pegged at 1 USDQ = 1 USD.