USDQ - Platinum QDAO StableCoins

We will provide Article to present the “ USDQ — Platinum QDAO StableCoins” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.

This is a token that has never dropped in price and has always been a stable coin that is decentralized by standardizing the ERC 20 tokens. This allows the holders not to worry because of the price decrease from BTC or other altcoins such as Ethereum.

How does the system work?

As coins are stable in general, you don’t need to worry about the crypto price decline that is happening in the crypto market, because USDQ is a stable coin and all you need to know is that this coin can make money for you.

Maybe you still think stable coins cannot provide benefits, but USDQ gives you convenience and benefits as I will show below:

  1. Trading on the exchange
  2. Trading USDQ on the secondary market is like any other stable coin.
  3. Get a loan
  4. Guarantee your crypto and easily get USDQ stable coins. After the trade is complete, simply return the USDQ with your chosen crypto reward.
  5. Find the Q BOX
  6. Mine Q DAO tokens, raise your own AI-based robot, which will help you make predictions.

The ecosystem of USDQ stablecoin.

The ecosystem of the stablecoin is constructed on several key elements.

Opportunity to purchase USDQ on exchanges

The 1st element of the ecosystem is the exchanges. USDQ bargains on the secondary market at the price of 1 dollar for 1 USDQ, respectively traders interact with this coin, as well as with any other. To buy USDQ at the exchange is the first way by means of which it is possible to get stablecoin.

Receiving the credit in USDQ through crypto assets collateral

The 2nd way, which includes several important elements of an ecosystem, is receiving the credit in the stablecoin USDQ through crypto assets collateral. A pledge rate to the released stablecoin is D %, where D is the last rate established by Q Box which is a self-learning neural network, and approved by holders of the governance token. Thus, it reaches over provided credit and leads to ensuring the stability of USDQ token.

Respectively, when new crypto assets enter the ecosystem, the created smart contract prints new USDQ and sends them to the borrower. When the borrower wants to take away the collateral and return the credit, it undergoes the return procedure on the website, at the same time paying a certain interest rate for use of stablecoin credit. After the return of USDQ together with payment of commission for use of proceeds of credit, crypto assets are de-frozen and return to the address of the borrower’s wallet, and USDQ tokens are burned.

The credit in USDQ tokens is issued for a limited term. If the credit lasts, then it is necessary to bring the commission in the governance tokens Q DAO. If the credit is not returned in time, then pledge in cryptocurrency goes to untouchable stabilization fund. In case of elimination process crypto assets of stabilization fund are sold first.

What is the Q box and why do you need to install this utility on your device

At bail in crypto assets, the client has an opportunity not only to obtain the credit in USDQ, but also to establish Q Box on any device. This utility represents the self-trained neural network capable of doing predictions of the behavior of exchange rates on the basis of the analysis of news, schedules, the market of currencies.

This neural network studies in decision-making process. The speed of training is influenced by the number of crypto assets which the user put in the pledge. The more of them are in pledge, the quicker it studies and the more qualitative and frequent are predictions. Besides, the user can install Q Box on the phone, on the tablet, on the laptop, thereby increasing the speed of its training. The utility works only until the user has crypto assets in the pledge.

The second function of this neural network is that it doesn’t only predict the behavior of exchange rates but at the same time mines governance tokens Q DAO which play a role of the managing token in interaction with USDQ stable coin.

Q Box also has one of the most important functions — without it the system would not be decentralized. These neural networks, being predictors, will predict a rate of cryptocurrencies and propose solutions on change of a mortgage rate.

Q DAO Token and Voting Process

By means of governance tokens Q DAO it is possible to vote and make decisions influencing all ecosystem.

Each users’ neural networks will be developing on their own pace and therefore the predictions they make will be different too. And if at some point most of Q Boxes, irrespective of the level of their proficiency foretold that, for example, the rate of cryptocurrency which is in pledge will fall and it is necessary to take actions to stabilize stable coin by increase in a rate of pledge, then this solution prediction will be brought up for voting where each holder of governance tokens Q DAO will be able to vote “against”. If the owner of governance tokens Q DAO does not take part in the vote, his voice automatically becomes pro this decision. Thus, if most of the users voted against, nothing occurs and if for — the system changes. Except for vote, governance token Q DAO is used for payment of the commission at repayment of the collateralized debt position, the token Q DAO is also being traded in the secondary market.

Purpose of the Scanner Service

All crypto assets will be kept in crypto asset control system, and private keys from wallets — will be stored in separate storage.

One more important element of the ecosystem is the scanner service which helps to reach transparency of the whole structure. This component will be placed on one of the website pages where each user will be able to see and monitor all transactions of the network. Thus the smart contract will allow seeing, for example, that only 1,000,000 USDQ were released, on the security of a certain quantity of crypto assets. It will be possible to see concrete transactions, concrete wallets and time of the transaction. It will be possible to trace how many crypto assets were locked for each separate transaction and how many of them are in the system. Any movement, namely repayment or on the contrary issuance of credit will be displayed as fast as possible in the system on the website. Each person could see that these crypto assets are subject to storage and are not spent.

USDQ price stabilization process

How is the ecosystem decentralization reached? By means of one more its element. These are Q Boxes who will provide the decisions based on mathematical algorithms on the need for crypto asset sale in case its price drops lower than the designated mark. At decision-making interaction of Q Boxes adjust human factor of influence on the ecosystem.

The price in the contract is always supported at the level of 1 USD. While USDQ token cost in the secondary market can deviate $ USD 1 in the greater or lower side, the smart contract guarantees cost 1 USDQ = to $ USD 1. Therefore, if USDQ token price in the secondary market grows, traders have a chance to buy USDQ, using the smart contract, at one price and to sell them in the secondary market at the raised price. It leads to an increase in the number of USDQ in the market and, respectively, to dilution the price that returns it to a mark of $ USD 1.

In case USDQ price in the secondary market falls, everything occurs on the contrary, there is an opportunity to buy USDQ at the exchange cheaper and to sell to the smart contract more expensively that leads to burning of USDQ in the market and, respectively, to a price raising to a mark of $1.

It will be possible to sell USDQ to the smart contract only if the owner of a stable coin in pledge has crypto assets. Therefore, to get the profit based on a difference of the prices of USDQ it will be necessary to put the crypto assets.

Thus cost 1 USDQ in the secondary market is always stabilized due to actions of traders and change of the number of USDQ which are in circulation.

The second way of price stabilization of USDQ token is also connected with Q Boxes. F of % of mortgage crypto assets begin to be sold when their price in the market falls for E % until in pledge the necessary balance between crypto assets quantity and the released stable coin (D) for ensuring the price 1 USDQ = $1 is reached. Where E, F and D — the last rates, established by Q Boxes and approved by holders of the governance token Q DAO. In case the price of the crypto assets which are in collateral falls to the critical mark mathematically calculated earlier, then the crypto assets which are in the collateral begin to be used for repayment of USDQ which will be burned at once that will serve the equation of the price 1 USDQ to 1 USD.

Q DAO Token and Voting Process

By means of governance tokens Q DAO it is possible to vote and make decisions influencing all ecosystem. Each users’ neural networks will be developing on their own pace and therefore the predictions they make will be different too. And if at some point most of Q Boxes, irrespective of the level of their proficiency foretold that, for example, the rate of cryptocurrency which is in pledge will fall and it is necessary to take actions to stabilize stable coin by increase in a rate of pledge, then this solution prediction will be brought up for voting where each holder of governance tokens Q DAO will be able to vote “against”. If the owner of governance tokens Q DAO does not take part in the vote, his voice automatically becomes pro this decision. Thus, if most of the users voted against, nothing occurs and if for — the system changes.

How the token sale works

1. Tokens to sell:

Distribution of 51% of tokens (509999.49 QDAO tokens)

2. For how long:

distribution will be made in 10 Rounds. Round stast at 1st day every month during 10 month will be distributed 50000 Tokens during each round

3. Where to buy:

we disctribute 30% tokens by IEO(all tokens are unlocked) and 70% tokens by OTC desk (tokens will be locked for a certain period of time)

For More Information You Can Visit Link Below :

Website https://usdq.platinum.fund/

Whitepaper https://usdq.platinum.fund/whitepaper

Facebook https://www.facebook.com/FundPlatinum

Twitter https://twitter.com/FundPlatinum

Medium https://medium.com/platinum-fund

Reddit https://www.reddit.com/user/Platinum_QDAO

Author: johnthedon
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1860087

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