Topic: What is QC (Qcash)? (Read 177 times)
The description is interesting to read, I'm waiting to see an update on your thread, since I can't see any working link then I guess it not yet completed. I also curious that ERC20 QC token has 30 online exchange, the list will definitely so long to see.
this is my first time to see the description of pieces instead of coins. and you have about 1.873B pieces, what percentage of this is owned by the team? and if it is categorized as stable coin, backed by what fiat currency? and you also mentioned that this is one of the world's most popular stablecoins, is that from your perspective only? because whenever I hear stable coin, the first thing that will come up to my mind is USDT, but never QC.
QuickCash is one of the world’s first stablecoin solutions providers. QuickCash issued Qcash(QC) by pledging digital assets, and QC has now become one of the world’s most popular stablecoins. QuickCash aims at decentralization, free circulation, exchange rate stability, and security compliance to provide better use of stablecoin for the market. In the future, with the launching of the QuickCash main chain, the governance mode of QuickCash will turn to community autonomy comprehensively, forming an open and decentralized stable currency ecology.
The issuing body of QC, QuickCash Network Pte. Ltd., is headquartered in Singapore, and has branches in Hong Kong. The team members are made up of high-end talents from blockchain, finance, Internet, big data and other fields all over the world.
Detailed introduction of two QC versions.
1．QRC20 QC
QC (QuickCash) is a stablecoin issued based on QTUM chain smart contract. It is a blockchain project initiated by QuickCash Network Pte. Ltd. The value of QC is about $0.15 (≈1RMB), and the initial value is locked. Users can pledge digital assets to enable part of QC to circulate in the market. The digital assets for pledge can be BTC, ETH, EOS, LTC, QTUM and other mainstream digital assets. The pledge ratio should be more than 150%, that is, the excess digital assets are pledged to the circulating QC stablecoin as credit guarantee. All pledge and circulation records are publicly displayed on the blockchain to effectively prevent excess QC from entering the circulation market, so as to ensure the stable exchange rate and free circulation of QC.
Total issue: 10 billion pieces
Total circulation: 1.873 billion pieces
Online exchanges: 20
Daily volume: 3 billion +
Quantity of qualified acceptance dealer: 200+
2．ERC20 QC
QC (ERC-20) is an ERC20 token released on the Ethereum chain that allows users to pledge, issue, return and redeem assets through smart contracts. The pledged asset is ETH. Its business is realized and executed through smart contracts, achieving decentralization, free circulation, stable exchange rate and safe compliance.
Total issue: 24 million, and it changes in real time
Total circulation: 100%
Online exchanges: 30
Why you should choose QC?
1. High security level: the pledge and issuance of QC are realized by smart contract, and the process and results are open and transparent.
2. Strong scalability: on the one hand, QC is issued by pledging digital assets to allow it to circulate freely in the market, and the QC system is open to all. On the other hand, the current flow and trading volume of QC, as well as the perfect trading platform and acceptance dealer team, can meet the use and exchange needs of most users. QC’s Users are located in Singapore, Hong Kong, China, Southeast Asia and other regions. With the advent of the era of DeFi, the expansion of QC in the future Fintech field is worth looking forward to.
3. Stable exchange rate: QC is softly anchored to offshore CNY. When QC’s price rise or fall, arbitrage space will allow acceptors to do the opposite, so as to achieve the purpose of fighting deflation and inflation, while maintaining the stability of the exchange rate.
What else can you do with stablecoin Qcash(QC)?
1. Become an acceptance dealer and maintain QC price. When the price is high, pledge for more QC and sell it; when the price is low, buy in QC and redeem the pledge.
2. Leverage trading.
3. Become a liquidator, conduct auction liquidation when the guaranteed assets fall sharply and trigger the explosion of the position, so as to guarantee the timely recovery of the issued QC.
What are the current investment vehicles of QuickCash?
The company has not yet accepted investment from US dollar or CNY funds, and it has received early investments from blockchain investors, including Zebra Capital, forward ventures, Novatron, Blockcuntury, Starchain Capital, J&C Capital, Neu capial, x.hash.
With the development of the digital currency, QC has become one of the world’s largest stablecoin. In the future, QuickCash will provide better products and services for digital asset trading.
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