DECENTRALIZED, STABLE AND RELIABLE COIN FOR EVERYONE
BACKGROUND AND THE IDEA
The rapid development of cryptocurrency is inseparable from the desire of the people to enter the crypto world. This can be seen from the number of Initial Coin Offering (ICO), Initial Exchange Offering (IEO) or other designations related to successful coin / token deals with indications of achievement soft-cap from the sale. But behind this issue, there are also many problems that arise, especially related to the price when entering a market. The price volatility of a token is certainly a consideration when we do small research for a project that will be followed. From my personal experience, the more losses I get from ICO / IEO that I follow because prices drop dramatically when the project enters the market. This is possible because of price manipulation by some parties who want profit (large exchange or trader), but this is very difficult to prove or control because the market has not been regulated.
Q DAO Platinum sees this as an opportunity to launch a decentralized and reliable stable coin (currently only USDQ and KRWQ) for everyone. There is no more concern about prices that tend to rise and fall dramatically because all are backed by bitcoin. As we all know that a cryptocurrency with a stable price characteristic will produce a strong foundation for a decentralized ecosystem, and that means the scope that can be handled by USDQ will be as large as the scope of the blockchain industry as a whole. With all these advantages Q DAO Platinum hopes that the USDQ, KRWQ and other tokens that will be launched can be widely accepted by the community and can be used as transaction media throughout the world.
Q DAO PLATINUM PROJECT
Q DAO is a blockchain platform that is currently under the ethereum network and aims to form a stable, decentralized and transparent cryptocurrency platform. This is suitable for the human desire to have a digital asset that is comfortable and safe to use as a transaction medium. Cryptocurrency, as we all know, has very high price volatility. This is one of the factors that cause cryptocurrency to generally have not been accepted as a means of payment where a person can make a huge profit from a transaction but on the other hand, it is also risky to get a large number of losses as well. That won’t happen if we use a stable value cryptocurrency. USDQ tied to the price of USD or KRWQ tied to the price of KRW will be a solution for safe and comfortable payment transactions and will certainly be the foundation for trading and industry.
What makes USDQ different from others?
The characteristics of USDQ are basically the same as other stable coins but the USDQ is fully decentralized with all the components that are above the blockchain. In addition, USDQ can be traded through a cryptocurrency market with ease of transfer and without any restrictions. And don’t forget, USDQ holders can get other benefits either from loans or savings in proportion to their ownership. USDQ will be very easy to use by everyone with a very large network and very liquid. You don’t need to be a person who is very skilled in the field of cryptocurrency to be able to use USDQ.
Apart from these characteristics, USDQ will also trigger trading and industry sectors where the risk of currency exchange rates is eliminated, there is no intermediary, the speed of transaction processing time and bureaucracy is simple. This means that transactions that occur will be very effective, economical and efficient without forgetting the comfort, security and transparency aspects of the transaction itself. Very interesting right?
Q DAO Ecosystem
The USDQ generation ecosystem is open to everyone without difficult restrictions or conditions. All are designed to run simply. There is no more personal information as a special requirement or a complicated registration procedure. This certainly will attract people to join the Q DAO ecosystem. Why? Because the Q DAO ecosystem is based on a principle of decentralization where complex problems cannot be eliminated but also realize that everyone will tend to choose a simpler system. The establishment of the QDAO ecosystem is also designed to be understood by everyone, even for people who do not understand with cryptocurrency itself.
For now, there is a central government, Q DAO Foundation, which will play a key role in the ecosystem with the aim of managing inflows and outflows, recruiting qualified people, establishing partnerships and many other important tasks. Q DAO Foundation will establish mutually beneficial cooperation with the DAO community in the ecosystem. By carrying out the principle of democracy, where the community of Q DAO will have 51% of outstanding tokens, expected active participation from the community to maintain the continuity of the ecosystem and also safeguard their asset values. In the Q DAO ecosystem, you can also participate in the running control system, mine Q DAO using Q Box or predict the existing cryptocurrency prices using AI integrated with Q Box. All of these things will add to your financial benefits as long as you are in the ecosystem. An advantage that you might not get from another cryptocurrency ecosystem.
OPPORTUNITY AND OBSTACLE
The USDQ opportunity as a stable coin to be the foremost in cryptocurrency is of course very wide considering the many advantages mentioned above. Transactions are fast, safe from the risk of price volatility, without intermediaries, but also do not forget the effectiveness and efficiency aspects of a transaction, of course, will be a separate consideration for everyone if you want to use cryptocurrency as a payment medium. On the other hand, competitors with similar platforms, stable coins, are still relatively few. And with achievable roadmap will enable the team to work well and planned.
But the risk of hacker attacks and data damage at the development stage also cannot be forgotten. Almost all projects that use the internet cannot be separated from these threats. The Q DAO community must do everything and use all the power available to reduce this risk. And this is certainly already in the Q DAO agenda since the start of the project.
CONCLUSION
Stable coins (in this case USDQ) still have a lot of potentials to be developed as a cryptocurrency that is generally accepted as a payment media. But all of course back to Q DAO to be able to ensure that USDQ is widely available in the market with all available facilities. I am personally quite optimistic that Q DAO will be able to compete in the market considering all the advantages that I have described above.
TEAMS
Teams in the Q DAO Platinum project are very experienced people, so there is no need to doubt their capabilities and credibility. This will also be an added value for Q DAO.
TOKEN DETAILS
Token QDAO Governance token v1.0/QDAO
Type Utility
Price 1 QDAO Governance token v1.0/QDAO = 1 USD
Platform Ethereum
Country Singapore
USDQ can now be traded in the following markets, such as https://btc-alpha.com/, https://www.hotbit.io/and https://www.bancor.network/. Many other markets will be available soon as the teams now currently applying for other markets.
USEFUL LINKS
Website: https://usdq.platinum.fund/
Whitepaper: https://usdq.platinum.fund/whitepaper
Twitter: https://twitter.com/platinumqdao
Facebook: https://www.facebook.com/FundPlatinum
Medium: https://medium.com/platinum-fund
Telegram (ENG): https://t.me/PlatinumQeng
Telegram (KOR): https://t.me/Platinumq
#BLOCKCHAIN #ETHEREUM #STABLE #CRYPTOCURRENCY #MARKET
Author: Fandicoin
ETH: 0x60bFACAB1b9CDdf0dEd6804d068B1896c0614D3d
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