USDQ Stablecoin Ecosystem
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Stablecoin Ecosystem Cryptocurrency offers a variety of benefits for users throughout the world. However, high volatility in prices prevented mass adoption. Users do not want to trade digital assets that may experience large price changes in just a few minutes. Even the most popular coins, such as Bitcoin and Ethereum, cannot provide stability
DAO Platform, users can generate a variety of stable points, currently USDQ and KRWQ are available. USDQ uses Bitcoin as a guarantee namely to make USDQ, users must lock their Bitcoin in a smart contract. Stablecoin prices are pegged to United States Dollars Stablecoin is seen as an important enabler, paving the way for the mass adoption of the DLT digital currency In contrast to other stable points on the market, USDQ is fully decentralized with all its components above the blockchain KRWQ
Anyone can buy and sell USDQ through exchanges, brokers, or OTC transactions. USDQ is an ERC20 token and brings easy transfer without restrictions USDQ holders can get additional benefits, receive savings, which are obtained from their ownership
Q DAO is a blockchain platform, integrated with Ethereum smart contracts. This provides a number of enablers for the sustainability of the stablecoin automatic price adjustment process with an incentive system mechanism for external actors.
USDQ stable can be generated by anyone who has Bitcoin. Furthermore, this ERC-20 token can easily fulfill a variety of functions, acting similar to cryptocurrency Among the biggest use cases are cross-border value transfers, payment of goods and services to recipient businesses and long-term savings. In addition, the Stablecoin generation system sets the foundation for a very comfortable and strong margin trading platform
Q The DAO Platform is effectively protected from large-scale attacks on its infrastructure with Emergency Shutdown being the final step. After activation, the Platform stops all operations and then redeems USDQ holders and CDP operators for the net value of the assets they claim. Holders of USDQ are entitled to receive a value in Assurance Assets, equal to the number of USDQ units in USD denominations they have During the USDQ Single Guarantee Oracle Emergency chosen by the DAO holder community manages the process for Emergency Shutdown. The ecosystem functions to print two internal Q DAO coins, used to manage the ecosystem, and USDQ which is pegged to USD. This system is based on the guarantee of Bitcoin and other cryptocurrency, allowing each user to enter cryptocurrency and print USDQ coins, with its value continuously oscillating around $ 1 with insignificant deviations from time to time.
We are completely transparent in the development process
https://etherscan.io/token/0x4954db6391f4feb5468b6b943d4935353596aec9 (https://etherscan.io/token/0x4954db6391f4feb5468b6b943d4935353596aec9)
https://etherscan.io/token/0x3c6cfbdaf0a04fc257b185bf98934a12124fe8d0
https://etherscan.io/token/0x3166c570935a7d8554c8f4ea792ff965d2efe1f2
(https://usdq.platinum.fund/docs/USDQ-audit.pdf)
https://github.com/platinum-engineering?tab=repositories
https://usdq.platinum.fund/whitepaper
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The Target Price for USDQ means the price, which is used to determine the value of Collateral Assets, paid to holders of USDQ during Emergency Shutdown. USDQ displays soft pegs to USD, meaning 1:1 peg is maintained most of the time but some deviations may occur on certain occasions. The target price for 1 USDQ is 1 USD
DAO identifies signs of a major attack on the ecosystem or when a future increase requires performance. After activation, all operations are stopped, making it possible to prevent further disturbance and manipulation in the ecosystem. Price feeds are stopped at the current effective price level that will be used to process user claims. CDP users can interact with smart contracts to immediately withdraw net value for their Collateral Assets, which are stored in CDP
Q DAO holders participate in voting for Active Proposals, submitted by Q Box or Q DAO holders. An Active Proposal is a smart contract that can access ecosystem parameters and make changes, which are determined in the proposal
Proposal contracts can only be carried out once with it then destroyed after use. After activation, it immediately implements changes to internal variables in the Q DAO PlatformVoting by the DAO Q holder community was carried out in connection with the Active Proposal With regard to proposals, submitted by Q Boxes, users who tend to oppose Active Proposals must choose"no"with their Q DAO tokens which were burned while voting 1 unit of DAO Q token gives 1 holder rights A user who does not choose an Active Proposal isconsidered to choose to support the same thing. Votes must be cast within 24 hours of the Active Proposal being given. Meanwhile, the Active Proposal, completed by Q DAO holders, moves through the conventional voting process with Q DAO holders choosing or opposing proposals
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Auctions for Debt and Collateral To Be Implemented for Multi-Collateral USDQ
As an introductory part of postulating, cryptocurrency that displays price stability is an important building block for a successful decentralized application ecosystem. Based on this assumption, the total market that can be handled for USDQ, at least, equals the overall scope of the blockchain industry. List of non-exclusive Q DAO Platforms where actors can win from the price stability and decentralized margin trading capabilities they provide USDQ empowers international trade by eliminating foreign exchange risk exposures and eliminating intermediaries who should carry additional costs The DAO Q platform may face a variety of potential risks associated with further development, launch and use. In this case, the DAO Q community must use all available tools and opportunities to reduce risk
The DAO Q Team has identified security and protection for smart contracts and overall ecosystem architecture as a top priority from the start. All code solutions have successfully passed a comprehensive security audit, carried out by key security auditors involving some of the best talents in the blockchain development industry.
In addition to best practices and high-quality engineering, formal verification is the most effective tool against hacking attacks. During this process, the authors make mathematical specifications for the intended behavior. Then, mathematical evidence is obtained which shows that the encoding solution cannot be used for undesirable behavior The DAO Q code solution has successfully passed the formal verification process. In the short term, proof of completeness will be obtained, showing that no undesirable behavior is possible, right for the right behavior, which is determined by mathematical specifications.
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