Topic: [ANN]💵USDQ - Platinum QDAO StableCoins 💵 - page 12. (Read 3697 times)

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.

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...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://bitcointalksearch.org/topic/m.51574891


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.

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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.

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.

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

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

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?  

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

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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.

Hello admin, One of the most reliable projects for your, a new and very promosing idea, a profesional team rady to make bold decisions is what will bring success to this project, the project develops very fast! After ICO is a stunning result. Nice project.

Bitcointalk profile link: https://bitcointalksearch.org/user/ano88-1416082
Telegram username: @Anobabakan
Eth adress : 0x214C170676c3113ff99E809Fd1548e653Bd5cF12

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

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 

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

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 

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

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.

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

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

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

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.

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?