Eduardo Argueta currently acts as a Head of Communications in Platinum Q DAO Engineering. He is a skilled writer who first got into blockchain and cryptocurrencies back in 2016 as a means to send money abroad. He enjoys writing about all kinds of topics and industries, more importantly, FinTech and P2P services.
For the past 3 years, Platinum Company became the biggest Listing Broker in the world: we have listed more than 300 projects on Top Exchanges and supported Market Making for more than 70 projects.
Platinum STO/ICO fundraising dashboard and tokenization platform are now installed to 30+ projects, and it has helped them to raise more $350,000,000
In Platinum Q DAO Engineering we are creating a lot of cool stuff:
BTCNEXT – most secure, compliance and regulated exchange, built by traders for traders;
Decentralized stablecoins KRWQ, USDQ, JPYQ, CNYW (we are second Stablecoins DAO after Maker DAO).
Read this article and start learning about a decentralization wave, currently disrupting stablecoins.
Clearly, we’re not in the middle of the crypto winter anymore. It’s time to raise the head, look around and try to find new opportunities to make a profit. Some people would like to stick to old coins, but for me, it seems that a coin with $1 million capitalizations can easily grow 30 times, unlike Bitcoin that already has $190 billion of market cap. I personally like the idea of finding new interesting coins and tokens with big potential and buy them when they aren’t expensive yet. It requires some analysis of fundamentals. One of the most interesting tokens, or it’s better to say, an ecosystem, is Q DAO with its stablecoins. Here I’ll tell you why.
Q DAO – solid use case and solid potential.
Q DAO is the main governing token of the ecosystem, which is also called Q DAO. In addition to the main token, the system includes several stablecoins, such as USDQ and KRWQ. A bunch of other tokens, JPYQ, SGDQ, HKDQ, is going to be launched soon.
Q DAO as an ecosystem is similar to Maker DAO, it also allows its users to mint new stablecoins by sending collateral into a decentralized system, but at the same time, it’s a lot more advanced. Maker users send Ethereum as collateral and the system is controlled by smart contracts, Q DAO uses Bitcoin instead and features a more sophisticated architecture of smart contracts. The Q DAO token is used for voting on changes into the system, and as a fee for redeeming Bitcoins, burning issued stablecoins in the process.
So, what makes me think that Q DAO may be a good bet in the race of crypto assets? First of all, as I wrote, it’s similar to Maker – a decentralized system, that relies solely upon the collateral funds, no one controls these funds and nobody can freeze them. Bitcoin is on the rise right now, and more investors become interested, so we can assume, that the demand for BTC will continue to grow. A governing token for a Bitcoin-backed system may also meet some demand. The price of Maker increased a lot – from $1 to $500-700 in a few years. Why can’t it happen with Q DAO token? It has already grown 3 times since the launch.
Secondly, Q DAO ecosystem was developed by a well-respected company, Platinum Q DAO Engineering. They list tokens on exchanges, conduct IEOs/STOs, provide market making and develop new products. They have also developed BTCNEXT – an advanced crypto exchange that features many tokens, including Q DAO family stablecoins. With such company, backing it, Q DAO token can become much more popular. At this stage, it’s still undervalued, and maybe it’s a great opportunity to buy it while it’s cheap.
There are three ways to buy Q DAO:
- The first one is via the OTC desk. It takes more time, but it’s much more profitable, as they are sold with a discount there. All tokens bought via the desk, get frozen for a certain period of time but with its own bonuses.
- Another way to buy them is to go to Hotbit or BTC-Alpha since they have listed Q DAO recently. By making a purchase on the exchange, you don’t have to deal with lock-ups, and you can start trading tokens immediately, but you have to pay the full price.
- And finally, you can participate in the Q DAO IEO conducted on BTCNEXT. The first round is already completed and the second round started on the 1st July of 2019.
USDQ, JPYQ and KRWQ – a calm place in stormy weather.
As we have discussed earlier, Q DAO ecosystem has a family of stablecoins, some of them are already working and some of them are going to be launched soon. Right now it’s possible to buy and trade two stablecoins – USDQ and KRWQ. JPYQ is on the way. Every token’s value is pegged closely to some fiat currency, and it’s pretty easy to understand by the token’s name what currency it represents. The value is managed by neural networks, a pretty innovative approach. Q DAO stablecoins are currently backed by 200% of Bitcoin collateral, and the minimum rate chosen by every user during the purchase is 166%.
As the price of tokens is meant to be stable, we can use them to save our funds from market volatility. Who cares about the price of BTC when you have a stable portfolio? USDQ can be bought on BTCNEXT, BTC-Alpha, Deex, and Hotbit. Furthermore, it, and can be used to trade against the most popular currencies or simply held if you think that the market is going to fall down. You can also buy KRWQ on Deex.
Or use another trick, an advanced one: decentralized margin trading! If you use your Bitcoins as collateral you will receive stablecoins in return, and then you can buy more Bitcoins. You can pledge them too, repeating the process as many times, as you want, but you must remember two things: every time you’ll get a lesser amount than you’ve pledged.
About Platinum Q DAO Engineering
Platinum Q DAO Engineering is an international full-cycle company that provides IEO/STO listing, advisory, marketing, legal, and tech services. The company helped to raise more than USD 200 million for a great number of projects. Platinum Q DAO Engineering employs over 100 specialists who have extensive experience in marketing and PR, management, consulting, programming, cyber-security, education, legal advisory, and many more! The company’s mission is to make people’s lives better and facilitate economic growth by developing cutting-edge products that provide trustworthy, safe, and seamless access to any virtual assets.
Visit the site for latest updates about USDQ, KRWQ and JPYQ. Join the official English, Japanese or Korean Telegram chat and get regular updates on events and development. You can also join the official Line or official Kakao Talk to ask questions in Japanese and Korean directly to the Platinum Q DAO management team.
# Q DAO diary { dev.day: 388, round: 1, 6 days until ieo#2, Q DAO price: $9.93 }
# BTCNEXT diary { dev.day:281, daily volume ~$11100k, 26 coins listed, IEO count “3” , BNX price $0.81 }