USDQ - Decentralized StableCoin Designed For Everyone
Cryptocurrency markets are notable for immense volatility. This quality of crypto helps speculators earn huge profits. This high volatility histrion attention to Bitcoin in Dec 2017 once the worth rocketed up to $20,000. afterward, the worth plummeted. And up to the current day, no alternative cryptocurrency has managed to repeat this effort. Some adopters don’t want speculation and solely wish to use crypto to execute transactions, however measurability problems mean that execution may lag and costs may slip. As a result, either of the parties can inevitably incur a loss. USDQ has been created to handle this terribly issue.
With relevance this scheme, it includes a coin named USDQ. It’s pegged to 1 USD within the soft format, i.e. its worth will generally a bit deviate from 1 USD, however it forever returns to the present level. Most of the opposite stablecoins don’t effectively institute the stake, however they'll be seen as simply degree “avatar” for order fiat currency. The managing company takes order from users and transfers to them a coin, that in reality may be a kind of a “promissory note”, quite the same as however fiats work.
USDQ is decentralized stablecoin, that uses algorithms to supply higher stability and responsibleness. absolutely on-chain and monitored by high-speed AI robots, scheme offers reliable defences against malicious acts and attacks. First, run within the line of fiat-pegs, USDQ is brought by Pt ENGINEERING Team, trying to edge along innovative solutions in collateralization, mistreatment stabilising mechanisms and oracles for high-endurance stablecoins. absolutely anonymous, USDQ breaks limits out of this inheritance world.
USDQ is created by a smart contract, The system accepts Bitcoin as a collateral and outputs the stablecoin in exchange. alternative prime ten cryptocurrencies ar attending to be enforced as a collateral within the future.
The procedure used is analogous to getting a real estate loan from a bank. Quite common observe, once a bank would offer a loan quantity, adequate to a most 70% of cyberspace price of your collateral. during this means, the bank protects itself against a possible depreciation within the asset’s price.
- The philosophy of USDQ is to create a truly decentralized stable asset.
- Decentralized. All decisions are made by the DAO community.
The Q DAO community provides full democracy with NO centralized control. You can change anything you see fit if the community supports your initiative. You have the right to vote. Everything and anything is decided solely by the community for autonomous decentralized decision making. - Collateralized by crypto. No more mythical deposits on private bank accounts.
Transparency in its plain meaning. You can track all the transactions in real time and know for sure that a particular stable is backed by a particular crypto asset. - Self-stabilizing. Always stable. The environment doesn't matter.
According to the nature of decentralized stable coin, it can’t fall or take off with big fluctuations. Self-stabilizing algorithms and market itself will always keep the price stable.
USDQ has been Listed on CoinMarketCap and several exchanges
https://coinmarketcap.com/currencies/usdq/#charts
USDQ is absolutely backed by Bitcoin, as against varied stablecoins that ar fiat-based, like USDT, TUSD, Gemini et al.. Seeking to eliminate “counterparty risk”, the team determined to avoid victimisation rescript or partaking bequest money establishments, like banks, payment processors et al..
The system is architectured in such the way, on change getting the stablecoin via 2 choices. Firstly, USDQ are going to be offered across a large vary of cryptocurrency exchanges with individual negotiations already current. deed the coin are going to be as simple and convenient, as shopping for the other coin on the list. Secondly, USDQ are going to be offered through the direct purchase at the project’s web site. Users can input a definite quantity of BTC as a collateral and acquire associate quantity in USDQ. The transactions can dead via sensible contracts, sanctioning automation and convenience. Exchanging USDQ into BTC also will be done via the sensible contract, mechanically shrewd fees to be paid.
For more Information You can vesit here :
Website : https://usdq.platinum.fund/
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Twitter : https://twitter.com/platinumqdao
Telegram : https://t.me/PlatinumQeng
Author Nickname : assegafta
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