[ANN]💵USDQ - Platinum QDAO StableCoins 💵

[BitLendingClub]

Guys, as I understood the work of this coin stable mechanism is different from USDT or DAI for example. In WP I read about liquidation and maximum allowed level. Is it mean that USDQ work like margin trading? With some leverage? Or is it some insurance ? Is it temporary loan by BTC with some borders?

[Btc_1856]

Any reason for this stablecoin to compete with other stablecoin in the future is because I have been mentioned by a few friends in the past few days and are looking into this stablecoin. In fact, USDQ trading volume is still very low and there are still many unresolved legal issues in this coin. I think the group needs to update more news for the community because i don't have any faith in this stablecoin and liquidity is still very low for those who want to keep

No doubt. But every coin has begun from something. And as I think such a start is not bad. Because of KRW is a quite wide famous currency  And if team will build right relations with own community and users coin will wait a stable future

What can you say about liquidity? Without active trades we will get the one of the "dead" coins? See at volumes with USDC or PAX for example. Yes, it's not zero but far from attractive 

With good MM and PR I think coin can have quite enough liquidity. Many investors hold their portfolio. Exact, they want to preserve their funds at first. And at the second, they think about profit. In this case stable is the best

Stable coin is best as long as they show their credibility but every transaction should be transparent because recently USDT has negative feedback and this makes some of the community members are not trusting it anymore.

[Nemonemo]

Any reason for this stablecoin to compete with other stablecoin in the future is because I have been mentioned by a few friends in the past few days and are looking into this stablecoin. In fact, USDQ trading volume is still very low and there are still many unresolved legal issues in this coin. I think the group needs to update more news for the community because i don't have any faith in this stablecoin and liquidity is still very low for those who want to keep

No doubt. But every coin has begun from something. And as I think such a start is not bad. Because of KRW is a quite wide famous currency  And if team will build right relations with own community and users coin will wait a stable future

What can you say about liquidity? Without active trades we will get the one of the "dead" coins? See at volumes with USDC or PAX for example. Yes, it's not zero but far from attractive 

With good MM and PR I think coin can have quite enough liquidity. Many investors hold their portfolio. Exact, they want to preserve their funds at first. And at the second, they think about profit. In this case stable is the best

Stable coin is best as long as they show their credibility but every transaction should be transparent because recently USDT has negative feedback and this makes some of the community members are not trusting it anymore.

I agree with your opinion because most people naturally prefer stable coins so that it is not wrong anymore that it is the best coin and talks about the USDT I think it hurts

[AUruHM]

Any reason for this stablecoin to compete with other stablecoin in the future is because I have been mentioned by a few friends in the past few days and are looking into this stablecoin. In fact, USDQ trading volume is still very low and there are still many unresolved legal issues in this coin. I think the group needs to update more news for the community because i don't have any faith in this stablecoin and liquidity is still very low for those who want to keep

No doubt. But every coin has begun from something. And as I think such a start is not bad. Because of KRW is a quite wide famous currency  And if team will build right relations with own community and users coin will wait a stable future

What can you say about liquidity? Without active trades we will get the one of the "dead" coins? See at volumes with USDC or PAX for example. Yes, it's not zero but far from attractive 

With good MM and PR I think coin can have quite enough liquidity. Many investors hold their portfolio. Exact, they want to preserve their funds at first. And at the second, they think about profit. In this case stable is the best

Stable coin is best as long as they show their credibility but every transaction should be transparent because recently USDT has negative feedback and this makes some of the community members are not trusting it anymore.

I agree with your opinion because most people naturally prefer stable coins so that it is not wrong anymore that it is the best coin and talks about the USDT I think it hurts

You have a choice now - USDT or other. USDQ is a good decision. I investigated some stable coins. And I can say that USDT is not so bad. But we must have a solid alternative which does not rely on banks. Today I like two such stable DAI (Maker) and USDQ. As I think this is a right way to have stable

[BitLendingClub]

Any reason for this stablecoin to compete with other stablecoin in the future is because I have been mentioned by a few friends in the past few days and are looking into this stablecoin. In fact, USDQ trading volume is still very low and there are still many unresolved legal issues in this coin. I think the group needs to update more news for the community because i don't have any faith in this stablecoin and liquidity is still very low for those who want to keep

No doubt. But every coin has begun from something. And as I think such a start is not bad. Because of KRW is a quite wide famous currency  And if team will build right relations with own community and users coin will wait a stable future

What can you say about liquidity? Without active trades we will get the one of the "dead" coins? See at volumes with USDC or PAX for example. Yes, it's not zero but far from attractive 

With good MM and PR I think coin can have quite enough liquidity. Many investors hold their portfolio. Exact, they want to preserve their funds at first. And at the second, they think about profit. In this case stable is the best

Stable coin is best as long as they show their credibility but every transaction should be transparent because recently USDT has negative feedback and this makes some of the community members are not trusting it anymore.

I agree with your opinion because most people naturally prefer stable coins so that it is not wrong anymore that it is the best coin and talks about the USDT I think it hurts

Sorry, but stable is good for safe. But it's not good for profit and increasing. Without some risks we will not have any profit. That's why stable for part of portfolio. But we should have BTC/alts in hold definitely. Otherwise it becomes money for money

[WalkerIVIV]

Actually it's a good decision to offer BTC whales get money without BTC sale. I don't sure about DAO because this foundation has too small application. But I'd like idea. Will try to learn more

My main concern is why KRW? Because of no such regulations and no SEC? Or why? Do you see some explanation about this choice? Maybe on medium?

A lot of chinese traders are moving to the korean exchange site and that's why this company was aiming to get more demand from there. You can see that so many big exchange sites that located on south korea.
Korean has its own regulators and SEC has no power to do that.

[BitLendingClub]

Actually it's a good decision to offer BTC whales get money without BTC sale. I don't sure about DAO because this foundation has too small application. But I'd like idea. Will try to learn more

My main concern is why KRW? Because of no such regulations and no SEC? Or why? Do you see some explanation about this choice? Maybe on medium?

A lot of chinese traders are moving to the korean exchange site and that's why this company was aiming to get more demand from there. You can see that so many big exchange sites that located on south korea.
Korean has its own regulators and SEC has no power to do that.

I said the same - it's a quite big market with an excellent cappasity. And now with world uptrend to blockchain/crypto and wishes to participate (FOMO also) stable to KRW will give more confidence to invest in this branch. I think USDQ market will grow definitely

[AUruHM]

Actually it's a good decision to offer BTC whales get money without BTC sale. I don't sure about DAO because this foundation has too small application. But I'd like idea. Will try to learn more

My main concern is why KRW? Because of no such regulations and no SEC? Or why? Do you see some explanation about this choice? Maybe on medium?

A lot of chinese traders are moving to the korean exchange site and that's why this company was aiming to get more demand from there. You can see that so many big exchange sites that located on south korea.
Korean has its own regulators and SEC has no power to do that.

I said the same - it's a quite big market with an excellent cappasity. And now with world uptrend to blockchain/crypto and wishes to participate (FOMO also) stable to KRW will give more confidence to invest in this branch. I think USDQ market will grow definitely

Oh, guys. I don't think that my concerns call so discussion. I'm fully agreed with your arguments. I doubt because today I don't see wide application of USDQ. But I hope it will be wider and wider day by day. Maybe somebody from the team will say about marketing and PR ways more detailed 

[BitLendingClub]

Guys, which reasons can happen for price down or up on the secondary exchanges? Manipulation? How team can keep price on the same level exclude deals termination? I don't understand

[AUruHM]

Guys, which reasons can happen for price down or up on the secondary exchanges? Manipulation? How team can keep price on the same level exclude deals termination? I don't understand

I think nothing does. An arbitrage activity was always and will always also. And now arbitrage is the main reason for the same BTC price on all other exchanges. Without it, we can see BTC by $20k and $2k same time because of different volumes and depths. But arbitragers levels off price and make our life some easier 

[waaat?]

Guys, is it this project open source? Where can I view github or some code example? Maybe code audit from reliable specialists?

[ano88]

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[miningguru]

Actually it's a good decision to offer BTC whales get money without BTC sale. I don't sure about DAO because this foundation has too small application. But I'd like idea. Will try to learn more

My main concern is why KRW? Because of no such regulations and no SEC? Or why? Do you see some explanation about this choice? Maybe on medium?

A lot of chinese traders are moving to the korean exchange site and that's why this company was aiming to get more demand from there. You can see that so many big exchange sites that located on south korea.
Korean has its own regulators and SEC has no power to do that.

I said the same - it's a quite big market with an excellent cappasity. And now with world uptrend to blockchain/crypto and wishes to participate (FOMO also) stable to KRW will give more confidence to invest in this branch. I think USDQ market will grow definitely

Oh, guys. I don't think that my concerns call so discussion. I'm fully agreed with your arguments. I doubt because today I don't see wide application of USDQ. But I hope it will be wider and wider day by day. Maybe somebody from the team will say about marketing and PR ways more detailed 

Already they started their PR activity and recently QDAO was listed on CMC and has the value around nearly 20$ for each coin. So sooner we might see much wide application will be implemented by these people. So, the stable coin will be more secure in order to adopt it.

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[AUruHM]

Actually it's a good decision to offer BTC whales get money without BTC sale. I don't sure about DAO because this foundation has too small application. But I'd like idea. Will try to learn more

My main concern is why KRW? Because of no such regulations and no SEC? Or why? Do you see some explanation about this choice? Maybe on medium?

A lot of chinese traders are moving to the korean exchange site and that's why this company was aiming to get more demand from there. You can see that so many big exchange sites that located on south korea.
Korean has its own regulators and SEC has no power to do that.

I said the same - it's a quite big market with an excellent cappasity. And now with world uptrend to blockchain/crypto and wishes to participate (FOMO also) stable to KRW will give more confidence to invest in this branch. I think USDQ market will grow definitely

Oh, guys. I don't think that my concerns call so discussion. I'm fully agreed with your arguments. I doubt because today I don't see wide application of USDQ. But I hope it will be wider and wider day by day. Maybe somebody from the team will say about marketing and PR ways more detailed 

Already they started their PR activity and recently QDAO was listed on CMC and has the value around nearly 20$ for each coin. So sooner we might see much wide application will be implemented by these people. So, the stable coin will be more secure in order to adopt it.

Not bad. But QDao is another coin from this team. I told about USDQ as a good stable alternative.  I wait for PR for that coin. Now as I think it's not the right time yet. But more applications are more stability and steadiness for project

[waaat?]

Actually it's a good decision to offer BTC whales get money without BTC sale. I don't sure about DAO because this foundation has too small application. But I'd like idea. Will try to learn more

My main concern is why KRW? Because of no such regulations and no SEC? Or why? Do you see some explanation about this choice? Maybe on medium?

A lot of chinese traders are moving to the korean exchange site and that's why this company was aiming to get more demand from there. You can see that so many big exchange sites that located on south korea.
Korean has its own regulators and SEC has no power to do that.

I said the same - it's a quite big market with an excellent cappasity. And now with world uptrend to blockchain/crypto and wishes to participate (FOMO also) stable to KRW will give more confidence to invest in this branch. I think USDQ market will grow definitely

Oh, guys. I don't think that my concerns call so discussion. I'm fully agreed with your arguments. I doubt because today I don't see wide application of USDQ. But I hope it will be wider and wider day by day. Maybe somebody from the team will say about marketing and PR ways more detailed  

Already they started their PR activity and recently QDAO was listed on CMC and has the value around nearly 20$ for each coin. So sooner we might see much wide application will be implemented by these people. So, the stable coin will be more secure in order to adopt it.

Not bad. But QDao is another coin from this team. I told about USDQ as a good stable alternative.   I wait for PR for that coin. Now as I think it's not the right time yet. But more applications are more stability and steadiness for project

Imho project should have good working product before active PR. Maybe not good but quite reliable and simple in use. USDQ now have solution but their application is not so simple. You should have enough knowledge in crypto to send transactions and make it signed. Can you do it?  

[r95222]

Imho project should have good working product before active PR. Maybe not good but quite reliable and simple in use. USDQ now have solution but their application is not so simple. You should have enough knowledge in crypto to send transactions and make it signed. Can you do it?  

To make signed message or tx are not so difficult as you think. But it's time and nothing more. If project will have right development and a good community it will take own place in the 'stablecoin world'. But now it's a right time to make injection

[AUruHM]

mho project should have good working product before active PR. Maybe not good but quite reliable and simple in use. USDQ now have solution but their application is not so simple. You should have enough knowledge in crypto to send transactions and make it signed. Can you do it?  

Yes, man, I can do it.    I can teach you do it if you can't. Without any payment 

Now I try to understand how works price balancing. Because of mechanics are very similar to loan. But now I see arbitraging way only. It's very effective but not so steady

[asriloni]

Any reason for this stablecoin to compete with other stablecoin in the future is because I have been mentioned by a few friends in the past few days and are looking into this stablecoin. In fact, USDQ trading volume is still very low and there are still many unresolved legal issues in this coin. I think the group needs to update more news for the community because i don't have any faith in this stablecoin and liquidity is still very low for those who want to keep

No doubt. But every coin has begun from something. And as I think such a start is not bad. Because of KRW is a quite wide famous currency  And if team will build right relations with own community and users coin will wait a stable future

What can you say about liquidity? Without active trades we will get the one of the "dead" coins? See at volumes with USDC or PAX for example. Yes, it's not zero but far from attractive 

With good MM and PR I think coin can have quite enough liquidity. Many investors hold their portfolio. Exact, they want to preserve their funds at first. And at the second, they think about profit. In this case stable is the best

Stable coin is best as long as they show their credibility but every transaction should be transparent because recently USDT has negative feedback and this makes some of the community members are not trusting it anymore.

I agree with your opinion because most people naturally prefer stable coins so that it is not wrong anymore that it is the best coin and talks about the USDT I think it hurts

Sorry, but stable is good for safe. But it's not good for profit and increasing. Without some risks we will not have any profit. That's why stable for part of portfolio. But we should have BTC/alts in hold definitely. Otherwise it becomes money for money

Stable coin is really good for profit especially to store our profit in the stable coin form to avoid the volatility that created by speculators in the market. that's not the only main role of stable coin and when you are trading using it and it will be much easy to determine your profit or save it.

[Cubus]

Oh, not bad. Another stable. But I think today it will be difficult to compete with the Libra. FB have a lot of forces to implement own coin in own applications. How do you plan to promote? DAO idea only?

I don't think we have to compete with Libra. Our solution is decentralized. It follows the initial idea and philosophies of cryptocurrencies. So there will always be a place for a project like this.
Regarding promotion, we have several strategies to promote the ecosystem:
1. We've been concluding deals with different exchanges to list our coins. At this moment, we have listed on 3 exchanges.
2. We've been launching a lot of bounty campaigns, airdrops, events and contests.
3. We've been spreading the word about Q DAO token . It can also help because our community think that it's a promising investment opportunity.
And so on.

BTC-Alpha is not bad beginning. The main difficulties for stable is liquidity. As for any coin.

According to the latest news, the project will soon get approval from other exchanges and I believe USDQ will soon be a popular stablecoin in this market. I think the stability of USDQ is the main reason why this coin is being chosen by so many people and we don't need to worry too much about switching to fiat because USDQ value is always stable at the price $1 at Btc-alpha and certainly trading volume will soon increase in the near future

have you seen their funds? They have only 33,368 usd. Which exchanges will approve and support them as stable coin with such low backed amount?

And I was feeling doubt after seeing that. it looks like this is another kind of manipulation. The team was issued coins without put more dollar.
None of exchange site will be interested to listing it expect those shitty exchange site like btc alpha.
I guess I see nothing from this one and this doesn't make sense to see that. TUSD started with million dollars.

At this moment 5,531,632.5042 USDQ have been issued. This amount of tokens is collateralized by 1,410.582 BTC (which means 200% collateral). If you have any doubts, you can always check the blockchain scanner on our website: https://usdq.platinum.fund/scanner

Who are this collarerators? How to change BTC on this token? Have you any custody or other trust services?

...You can generate USDQ on our plaftorm by locking up Bitcoins in CDP (Collateralized Debt Position) in a few steps.

Stage 1: CDP Creation
The user registers at Q DAO Platform. The user needs to specify only the email, so that the ecosystem can furnish notifications on important events. In this way, we assure a high level of anonymity. The user receives the wallet and 3 private keys (private key to user's BTC wallet, private key to our network and private key to Ether network (with the last key provided optionally)), used to access various functions within the ecosystem.

Stage 2: CDP Activation
The user transfers a required amount in BTC to their BTC wallet within the Q DAO Platform. Then, the user sets the desired parameters for the loan to be obtained.

Stage 3: USDQ Generation
The ecosystem checks the availability of the required amount of the collateralized assets (for instance, Bitcoins, which the user has previously collateralized within the system). Upon a successful completion of the verification, the ecosystem mints the respective amount of USDQ and furnishes the same to the user's wallet. Now the user can utilize the received stablecoin as he wishes.

Stage 4: Equilibrating Collateral
Subsequently, the user can adjust the collateral depending on the changes to the collateral price. Should the collateral's price go down, the user must add up the collateral or repay a portion of the USDQ-denominated loan. If the user fails to take any action, the ecosystem will perform the forced liquidation process. Should the collateral's price go up, the user can increase the USDQ-denominated loan amount, withdraw a portion of the collateral or avoid taking any action at all.

Stage 5: Withdrawal
The user furnishes a request to the ecosystem for the funds withdrawal. The user should repay to the ecosystem the earlier received USDQ-denominated loan and the Stability Fee, which accrues throughout the loan term and payable in Q DAO token. The user utilizes the private key in order to sign the transaction, enabling the user to get the collateral assets back to his wallet.

Boпpoc  #80 https://bitcointalk.org/index.php?topic=5139238.msg51574891#msg51574891


Oтвeт: I don't think we have to compete with Libra. Our solution is decentralized. It follows the initial idea and philosophies of cryptocurrencies. So there will always be a place for a project like this.
Regarding promotion, we have several strategies to promote the ecosystem:
1. We've been concluding deals with different exchanges to list our coins. At this moment, we have listed on 3 exchanges.
2. We've been launching a lot of bounty campaigns, airdrops, events and contests.
3. We've been spreading the word about Q DAO token . It can also help because our community think that it's a promising investment opportunity.
And so on.

The opening image is impressive.
I have a few questions
When does STABLECOIN start to exchange?
What is the strength of STABLECOIN and how to compete with other STABLECOIN?

With my research, the coin is already available on the exchange and also listed on the capital market as we speak.
The asset was said to be backed by bitcoin and pegged against the dollar.
The asset was said to always make people earn more money and the team are planning their decentralized crypto exchange.

It was really great, this stablecoin is also available at Hotbit exchange, and this can also be seen as the beginning of this project because I believe stablecoin will soon be listed in many different exchanges in the future. If it is listed in Korean exchanges, it will be good for liquidity because USDQ's current potential is huge and I know they are preparing for new news and it will definitely be news can make investors feel more excited

No doubt listings and Korea support are great. But how it will work? Can you explain by simple words? I saw so many coins that had wishes to be stable ... Any stable must have a good foundation under. That's why it becomes stable. Look on the DAI for example

In order to generate USDQ on our plaftorm, users need to lock up their Bitcoins in CDP (Collateralized Debt Position), so USDQ uses Bitcoin as its collateral. We implemented the excessive collateralization principle, assuring that the debt value never exceeds the value of the collateral assets.
If the collateral's price go down, the user must add up the collateral or repay a portion of the USDQ-denominated loan. If the user fails to take any action, the system will perform the forced liquidation process.

The price in the CDP 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 CDP 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 CDP, 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 CDP 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 CDP 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.