April 26, 2019
PLATINUM ENGINEERING, the team behind the tech development of the USDQ stablecoin, has launched a completely new website for USDQ.
is a next-gen stablecoin with its value pegged against the US Dollar. It addresses the pain points of existing stablecoins by being completely decentralized and being fully backed by Bitcoin. Soon USDQ will be backed by more top 10 cryptocurrencies. This feature distinguishes USDQ from other stablecoins backed by fiat assets, such as Tether, Gemini, and others, and allows it to maintain stability in the secondary market and ensure transparency.
How USDQ works
USDQ is an exceptionally designed stablecoin that is not controlled by any central authority and is not backed by “Dollar reserves” in the third party (bank) accounts. It is decentralized and is ba?ked by the collateralized crypto assets that traders pledge in lieu of “loans” of USDQ.
Users can create a Bitcoin collateral that is held securely within asset control systems. After pledging Bitcoins, users receive an equivalent quantity of USDQ. When users return the loan, their crypto assets are “de-frozen” and are given back to them. The returned USDQ are “burned.” The scanner service will help the community monitor all the transactions.
Traders will be able to buy USDQ from its as well as from the exchanges on which it will be shortly listed. Currently, the team has applied for listings on a large number of exchanges including Coinsuper, BTCNEXT, Hotbit, Probit, Nexybit, BitForex, KuCoin, IDAX, BTC-Alpha, Coinbene etc. It will then be available for trading on secondary markets like a regular stablecoin.
To keep the value pegged to the US Dollar and to protect the price from volatility due to market forces, another token called Q DAO is developed. Q DAOs are governance tokens whose holders get voting powers. Q DAO’s value keeps fluctuating so that the value of USDQ is kept stable.
The Q Box, a neural network-based system allows easy mining of Q DAO tokens and also helps in crypto rate predictions. The Q Box collates and analyzes crypto news, trends and prices, as well as variety of other indicators. This data is then used to create predictions on the rates of pledged crypto assets. These predictions can arm the traders with insights and help them trade effectively and profitably. The system will evolve as more data enters it and is analyzed, making it better and more efficient.
“Q DAO and USDQ offer a simple solution to traders who are looking for the best of both worlds – a decentralized “fiat-like” cryptocurrency with a stable price,” the Platinum team commented.
The new website
The newly launched details out the concept of the USDQ stablecoin, along with information regarding the developmental roadmap, the tech details and other exciting features, including the ability to earn money with help of the Q Box.
The website explains why Q DAO holders are the true controllers of the USDQ stablecoin system and are participants in community governance, keeping the system stronger and safer.
“The USDQ system is a reflection of the desire of the crypto community for a truly decentralized stablecoin. It is the result of deep industry insights and months of hard work to create a self-stabilizing system that is, and will be, pressured immensely by market forces,” the Platinum team stated. “We are also in the process of developing other stablecoins whose values will be pegged to major global fiat currencies like JPY, KRW, SGD, HKD, CNY, RUB and so on.”
About Platinum Engineering
The USDQ stablecoin ecosystem has been designed and developed by the Platinum Engineering team. It is the technology development arm of Platinum, the global leader in tech, advisory and marketing services for blockchain projects. Platinum is an international full-cycle agency that has been providing marketing, legal, tech and advisory services to IEOs, STOs, and ICOs. Employing over 100 specialists, it has helped raise in excess of $200 million for many projects. It is also the largest listing service provider for STO, IEO and ICO projects.
USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First run in line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms and oracles for high-endurance stablecoins. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. Fully anonymous, USDQ breaks limits out of this legacy world.
To know more about the USDQ stablecoin, please visit the website -
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