Q DAO & USDQ - The Most Reliable Stable Coin
USDQ is an ERC20 reliable indicator that is linked to the Ethereum bidder contract, which is comparable to the USDT, which means that the USDQ is based on money for estimating the USDQ amid low modernized insecurities. That affects the ability of traders to face a loss of skill and protects them from hardship because of their terrible market, or grandstand. The unchanged currencies are issued in Q-DAO through collateralization of crypto assets. The Q-DAO foundation is a decentralized system that joins blockchain architects and seeks to provide groundbreaking development, support, and scaling for the Q-DAO organization. USDQ fixed money can be obtained from a stock exchange or any USDQ individual register, the most impressive part is that the relentless coin has no obligation, insignificant requirements is accessible to everyone, and does not have an exhausting framework to receive. Customers now have the opportunity to use their mechanized assets as security, which undermines market instability, although it is difficult to obtain loans with the use of the latest assets expected, customers are expected to be able to be locked in by strategy. USD-Q - O-DAO started selling as a reverse auction. It is used to secure the benefits needed to fulfill the rising commitment in the light of the CDP's opportunity to secure it. The protection methodology is made to sell a certificate from the CDP during liquidation.
Getting an advance from the QDAO is basic all clients need to do is register on the Q-DAO connect with their email address so they can get significant news, and updates in a hurry in the event of significant occasions. Customers will be given a key to the Bitcoin wallet, the QDAO system, and the empowering Ethereum wallet, which will allow them to approach various on-scene events. The following activity is to move the required measure of Bitcoin to the new stage produced wallet before setting the ideal parameters for the advance to be gotten. The stage at that point checks for accessibility of the client's requests, and mints the individual measure of USDQ, and assets the client's wallet upon confirmation. In case the insurance cost is decreased, the customer may change the security subject to the upgrades in the cost of the affirmation, the customer must consolidate the confirmation, or repay a piece of the credit set by USDQ. The earth will do the limited liquidation process if the customer is presumably going to negligence to make any move. If the cost of the protection manufactures, the customer can deliver a USDQ cash sum, pull back some security, or swear off making any moves. In the long run, the customer can request a withdrawal, and the customer must reimburse the improvement portion, and the adequacy cost assembled in all credit periods that must be paid in the Q-DAO token as of late appeared by USDQ. The customer uses the private key to sign the exchange, empowering the customer to recover the insurance wellsprings of the wallet.
#usdq is an erc-20 compliant token built on the ethereum smart contract with the same functionality as the usdt (United States Dollar Tether), what this means is that usdq is a stable currency tied to the value of the United States Dollar, adopting usdq is the best option because in times of low digital assets volatility. It will help leverage the loss of traders might encounter efficiently and keep them safe from loss due to bad market or bear market. The stable coins are generated at the Q DAO Platform through the collateralization of crypto assets (currently, only Bitcoin can be collateralized, but there are plans to collateralize other crypto assets in the future.). The Q DAO foundation is a decentralized community which brings together blockchain developers and seeks to assure effective development, maintenance and scaling for the Q DAO Platform.
#usdq stable coin can be gotten from an exchange or any usdq personal account, the most intriguing part is that the stable coin has no limitations, unnecessary requirements, it's open to everyone and it doesn't have a strenuous procedure to obtain it. Users now have the opportunity to use their digital assets as collateral undermining the volatility of the market, conventionally it is difficult to get a loan with the use of digital assets but with the debt auction, users can be involved in the procedure carried out to sell Q DAO for USDQ as a reverse auction. It is used to obtain the funds, required to cover the debt, emerging as a result of the CDP (Collateralized Debt Position) becoming undercollateralized. The collateral procedure is carried out to sell collateral from the CDP during the liquidation. This process includes two Stages:
- Coverage of any debt owed to the ecosystem by the CDP owner,
- Assurance that the excessive collateral is refunded to the CDP owner at the best possible price that can be found on the open market.
USDQ price stabilization process
How is ecosystem decentralization achieved? Through another of his element. These are Q blocks that will make decisions based on mathematical algorithms about the need to sell cryptographic assets in case the price falls below the designated brand. In the decision-making process, the interaction of Q Boxes regulates the human factor of influence in the ecosystem. The price in the contract is always taken at the level of 1 UAH. While the value of the USDQ token in the secondary market can deviate upwards or downwards of $ 1, a smart contract guarantees a value of USDQ = $ 1. Therefore, if the price of the token is USDQ in the secondary market, the operators have the opportunity to buy USDQ, using a smart contract, at a price and sell them in the secondary market at a high price. This leads to an increase in the number of USDQ in the market and, accordingly,
If the price of USDQ falls on the secondary market, everything happens the other way around, it is possible to buy USDQ on a cheaper market and sell a smart contract more expensive, which leads to burning USDQ. on the market and, accordingly, to a rise in prices for the brand by 1 dollar.
The main problem to solve is reducing the volatility crypto trades face, and that’s exactly what USDQ and other Q DAO family stablecoins do. Each and every single stablecoin is backed with an amount of BTC safely stored with wallets which are connected to the smart contract ecosystem. Users can set long positions on USDQ and keep those funds stable without worrying about losing their money through the swings of the crypto market.
For More Information :
Website: https://usdq.platinum.fund/
Facebook: https://www.facebook.com/FundPlatinum
Twitter: https://twitter.com/platinumqdao
Telegram: https://t.me/PlatinumQeng
Bitcointalk: https://bitcointalk.org/index.php?topic=5139238.0
Whitepaper: https://usdq.platinum.fund/whitepaper
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