There are many Stablecoins in the crypto market, but the features differs. There are Stablecoin backed with US dollar while some are back with some precious metals like gold, diamond etc. Today, I want to introduce another Stablecoin that is making waves in the crypto space called USDQ. However before I talk about the project, I want everybody to understand the knowledge behind Stablecoin.
WHAT IS STABLECOIN?
Naturally, the crypto market is an uncertainty market where the value of cryptocurrencies are volatile. Due to cryptocurrency volatility nature, stabe coin was introduced. In a nutshell, Stablecoin is a cryptocurrency pegged to stable asset e.g fiat currency. Stablecoin main objective is to provide and maintain stability. The value of Stablecoin are usually fixed and it could be used for both short and long holding without having the fear of losing your assets due to volatility. The major principle behind Stablecoin pegged with Fiat currency is that "for any stable crypto coin to be issued, there must be equal reserve of fiat currency. I believe with this little review, we should all understand what Stablecoin is all about, so let's get back to the main topic;
QDAO
Q DAO is a platform that gives permission to users to collateralize their cryptocurrencies in order to obtain the Q DAO related stablecoins. Q DAO is popularly known as a smart contract platform built on Ethereum network. Some key features of Q DAO is that, it offers
Q DAO platform offers the users Stablecoins that will give financial freedom to everybody. This will eliminate the effects of central government over currency
USDQ is another Stablecoin attached to Q DAO ecosystem, it has all the features a Stablecoin ought to have and it will set a good standard for stable coin and also be a game changer in the crypto market. USDQ is a new cryptocurrency stable coin in the crypto market, it was pegged with US dollars. USDQ is simply like Tether 'USDT' which we all know about, and it's worth is stable i.e 1 USDQ is equal to $1.
USDQ is an ethereum based stablecoins; this means people can:
Since you can't the stability of Bitcoin, Ethereum and other cryptocurrencies, through the Q DAO platform, you can collate your cryptocurrencies and earn USDQ as a stable coin.
The USDQ mission is to create the most amazing decentralized stable asset in the crypto space.
Finally, USDQ was created through the Q DAO ecosystem to solve the volatility challenges accomplishing the crypto sphere. So if you want your assets to be safe and stable, go get USDQ.
The USDQ is already trading at BTCNEXT Exchange,
https://my.btcnext.io/advanced
It is Trading at Hotbit Exchange
https://www.hotbit.io/exchange?symbol=USDQ_USDT
And also trading at Idex Exchange
https://idex.market/eth/usdq
For further information about the project, kindly go through the links below;
Website: https://usdq.platinum.fund
Kakao: https://open.kakao.com/o/gfFhY2mb
Twitter: https://twitter.com/platinumqdao
Medium: https://medium.com/platinum-fund
OnePage: https://usdq.platinum.fund/onepager
Facebook: https://www.facebook.com/FundPlatinum
GitHub: https://github.com/Platinumengineering/USDQ
Reddit: https://www.reddit.com/user/Platinum_QDAO
LinkedIn: https://www.linkedin.com/company/platinum-co
Telegram: https://t.me/Platinumq
This article was written by Cecilina
