Digital currencies present a broad range of benefits for users worldwide, but extreme price volatility hinders mass adoption. Users do not want to trade in crypto assets that may experience significant price movements in only a couple of minutes. Even the top coins Ethereum and Bitcoin fail to deliver price stability.
The Q DAO Platform lets users generate different stablecoins—KRWQ and USDQ are presently available. USDQ leverages Bitcoin as collateral. Meaning, users have to lock up their Bitcoins within a smart contract to create USDQ. The price of the stablecoin is pegged to USD. Stablecoins are paving the way toward mainstream adoption of DLT-powered cryptocurrencies. Unlike other stablecoins available, USDQ is decentralized with its components residing on the blockchain. The KRWQ and other stablecoins slated to be issued in the future function similarly, but are pegged to their respective fiats (KRW for KRWQ).
Anyone can buy and sell USDQ through brokers, exchanges, or OTC deals. It is an ERC-20 token that delivers ease of transfer without any limitations. USDQ holders may gain extra profits, obtaining the Savings Rate accruing on their holdings.
Q DAO is a “blockchain platform, integrated with Ethereum smart contracts.” It offers several enablers for the sustainability of generated stablecoins, including automated price adjustment processes with feedback mechanisms, collateralized debt positions (CDPs), and an incentive system for external actors.
Anyone who has Bitcoins at their disposal can generate stablecoins (KRWQ, USDQ, and others). These ERC-20 tokens can seamlessly fulfill various functions, acting like other digital currencies. Among the most significant use cases are long-term savings, cross-border value transfers, and payments for products and services to accepting businesses. The stablecoin generation system establishes the foundation for a robust and convenient margin trading platform.
|Dates||2019-07-01 – 2019-07-01|
|PreICO Price||1 QDAO = 1 USD|
|Price||1 QDAO = 1 USD|
|Soft Cap||100,000 USD|
|Hard Cap||509,999 USD|