[ANN]💵USDQ - Platinum QDAO StableCoins 💵

[X-ray]

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.

is that mean when i put 1 bitcoin (11k) and i got 11k of USDQ and after that my collateral goes to the 9k and that means if i must add more collateral to make it equal with how many USDT that i have taken it from the platform, right? How much percentage will be taken as the debt interest?

[AUruHM]

is that mean when i put 1 bitcoin (11k) and i got 11k of USDQ and after that my collateral goes to the 9k and that means if i must add more collateral to make it equal with how many USDT that i have taken it from the platform, right? How much percentage will be taken as the debt interest?

As I understood and read in WP the debt interest is zero. It's a stable at first  And your funds holds on the multisigned wallet. You or team can't use this funds every but after signing only. And I don't know how but in your case I think your CDP will be liquidated with a penalty. The main question, in this case, is how to calculate liquidation ratio

[r95222]

is that mean when i put 1 bitcoin (11k) and i got 11k of USDQ and after that my collateral goes to the 9k and that means if i must add more collateral to make it equal with how many USDT that i have taken it from the platform, right? How much percentage will be taken as the debt interest?

As I understood and read in WP the debt interest is zero. It's a stable at first  And your funds holds on the multisigned wallet. You or team can't use this funds every but after signing only. And I don't know how but in your case I think your CDP will be liquidated with a penalty. The main question, in this case, is how to calculate liquidation ratio

Yes, you're right. I think the same. But I'm sure arbitragers don't give to happen such. This is not margin trades. I'm sure delays will be more than on the Bitmex 

[BitLendingClub]

Hey, guys, what are your technical team skills? And where I can see those persons? In QDAO project? Because of I don't find them on USDQ. We need it 

[AUruHM]

Hey, guys, what are your technical team skills? And where I can see those persons? In QDAO project? Because of I don't find them on USDQ. We need it 

Oh, man. Try to see bottom of page  After management team, you can see a technical team. And I see quite professional members. I can't check every but I see team members from a different country. But as I understood team core is Russian 

[BitLendingClub]

Hey, guys, what are your technical team skills? And where I can see those persons? In QDAO project? Because of I don't find them on USDQ. We need it 

Oh, man. Try to see bottom of page  After management team, you can see a technical team. And I see quite professional members. I can't check every but I see team members from a different country. But as I understood team core is Russian 

Not bad. Sorry, I don't watch there.
What about Russian team, I don't have any doubts. As I saw due to last year it's not important which national but how hard they work. This is important.

[AUruHM]

Hey, guys, what are your technical team skills? And where I can see those persons? In QDAO project? Because of I don't find them on USDQ. We need it 

Oh, man. Try to see bottom of page  After management team, you can see a technical team. And I see quite professional members. I can't check every but I see team members from a different country. But as I understood team core is Russian 

Not bad. Sorry, I don't watch there.
What about Russian team, I don't have any doubts. As I saw due to last year it's not important which national but how hard they work. This is important.

It's true.

Guys, anybody knows what is BTCNext? Where is it? Who team or any person? I try to learn more about QDao token because fee should be paid in it. But I can't find enough detail. Which volumes? Maybe something else?

[r95222]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

[waaat?]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Armory, Electrum, Copay, Coinbase. There are decisions for BTC wallet with multi sign possibility.
What about safe/unsafe. Email verification only definitely have vulnerability. But it's not more than other methods because any possible leaks in the our heads

[AUruHM]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Which another simple method of verification can you offer? Pair public/private keys are not so simple. A mnemonic phrase from 15 words has own difficulties also for some people. And what use else? Fingerprint? Eye? I know one project in which it used the mobile number only. But if lost then lost all

[waaat?]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Which another simple method of verification can you offer? Pair public/private keys are not so simple. A mnemonic phrase from 15 words has own difficulties also for some people. And what use else? Fingerprint? Eye? I know one project in which it used the mobile number only. But if lost then lost all

However own smartphone as verification with possibility to restore account in case of losing is not bad choice. I think the most people who work with finance have such smartphone. And to use it as logon device is a quite smart idea. I think not worth than email

[r95222]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Armory, Electrum, Copay, Coinbase. There are decisions for BTC wallet with multi sign possibility.
What about safe/unsafe. Email verification only definitely have vulnerability. But it's not more than other methods because any possible leaks in the our heads

Thanks, man.

I afraid email verification because too simple to hack by social engineering. Without desktop or mobile access. This make such method so vulnerable

[AUruHM]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Armory, Electrum, Copay, Coinbase. There are decisions for BTC wallet with multi sign possibility.
What about safe/unsafe. Email verification only definitely have vulnerability. But it's not more than other methods because any possible leaks in the our heads

Thanks, man.

I afraid email verification because too simple to hack by social engineering. Without desktop or mobile access. This make such method so vulnerable

Any verification depends on human intelligence. Email, private/public keys, loooong password or other any verification system can be hacked by a human factor at first. And email is not so simple way for hack if you follow safety rules. But email is simple for use. That's main

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Armory, Electrum, Copay, Coinbase. There are decisions for BTC wallet with multi sign possibility.
What about safe/unsafe. Email verification only definitely have vulnerability. But it's not more than other methods because any possible leaks in the our heads

Thanks, man.

I afraid email verification because too simple to hack by social engineering. Without desktop or mobile access. This make such method so vulnerable

Any verification depends on human intelligence. Email, private/public keys, loooong password or other any verification system can be hacked by a human factor at first. And email is not so simple way for hack if you follow safety rules. But email is simple for use. That's main

Yes, there are many other reasons for getting hack because even though we have GA for all the accounts, some time we may click the unknown links which can easily give access to hackers. That's why we need to be very careful with every email we are receiving and we have to watch them very carefully before clicking.

I mean it's not phishing only. I saw some other ways to get the user's login/pass for email without direct injection. If you have enough BTC to be interesting then you must foresee different methods: DNS spoofing, WiFi spoofing, direct observation etc

[r95222]

Which wallet support multi sign? Have you list? And how do you think email verification is not too unsafe for financial service?

Armory, Electrum, Copay, Coinbase. There are decisions for BTC wallet with multi sign possibility.
What about safe/unsafe. Email verification only definitely have vulnerability. But it's not more than other methods because any possible leaks in the our heads

Thanks, man.

I afraid email verification because too simple to hack by social engineering. Without desktop or mobile access. This make such method so vulnerable

Any verification depends on human intelligence. Email, private/public keys, loooong password or other any verification system can be hacked by a human factor at first. And email is not so simple way for hack if you follow safety rules. But email is simple for use. That's main

Yes, there are many other reasons for getting hack because even though we have GA for all the accounts, some time we may click the unknown links which can easily give access to hackers. That's why we need to be very careful with every email we are receiving and we have to watch them very carefully before clicking.

I mean it's not phishing only. I saw some other ways to get the user's login/pass for email without direct injection. If you have enough BTC to be interesting then you must foresee different methods: DNS spoofing, WiFi spoofing, direct observation etc

Oh, man. I'm sure that all is more simple as you think 

For early adopters email verification is not bad. And with time team will make more strong verification as needed. Relax and hold

[waaat?]

What happens with collaterals in the current situation? Every participant will get more USDQ? Because of BTC price break $13k. And month ago it was  near $9k. How to work the balancing mechanism in the conditions of growth? Who provides a pledge and generated USDQ?

[BitLendingClub]

What happens with collaterals in the current situation? Every participant will get more USDQ? Because of BTC price break $13k. And month ago it was  near $9k. How to work the balancing mechanism in the conditions of growth? Who provides a pledge and generated USDQ?

The market give you answer now. Nobody need to arbitrage  From $11k till $13k and now down. This is price stability for any stable in the world

[AitorMarcos]

hey guys, usdq looks great. new stablecoins are always good (even on the start)
where is it available?

[AUruHM]

What happens with collaterals in the current situation? Every participant will get more USDQ? Because of BTC price break $13k. And month ago it was  near $9k. How to work the balancing mechanism in the conditions of growth? Who provides a pledge and generated USDQ?

The market give you answer now. Nobody need to arbitrage  From $11k till $13k and now down. This is price stability for any stable in the world

Ye, today's market gave us a light  I don't know how works those collateral mechanics. But I'm sure team have some solution for such cases.

How r u, guys? I think whales want to get our BTC, isn't it?

[waaat?]

What happens with collaterals in the current situation? Every participant will get more USDQ? Because of BTC price break $13k. And month ago it was  near $9k. How to work the balancing mechanism in the conditions of growth? Who provides a pledge and generated USDQ?

The market give you answer now. Nobody need to arbitrage  From $11k till $13k and now down. This is price stability for any stable in the world

Ye, today's market gave us a light  I don't know how works those collateral mechanics. But I'm sure team have some solution for such cases.

How r u, guys? I think whales want to get our BTC, isn't it?

Not bad. I followed for BNB whole day. And I saw early that BNB has a weak correlation with BTC price. But today BNB was as any altcoin. Dump only. I wait for CZ AMA soon and some news. But thee lust pseudo stable was gone.
Will watch on USDQ deeper. Now the liquidation mechanics are incomprehensible

[r95222]

hey guys, usdq looks great. new stablecoins are always good (even on the start)
where is it available?

You can see it on BTCNext. Or participate in the ICO https://usdq.platinum.fund/distribution. I'm sure project has enough forces to make this coin real stable. Today we see stable from banks only (exclude DAI). And USDQ will one of the first without bank participation