As we know that Cryptocurrency has a high volatility in price and this slows down the progress for mass adoption. Of course, various people are still reluctant to invest or trade digital assets that experiencing a significant price change in just a few minutes, this does not happen some alternatives coin, even major Cryptocurrency such as Bitcoin, Ripple and Ethereum, does not guarantee price stability, price movements always happens every day even though up to 25% has become an ordinary changes. Therefore we need assets that have stable prices to help us in the Cryptocurrency transactions process, right? This time I will write an ecosystem that gives us stable coins which might be the solution to the main problem of Cryptocurrency at this time.
What is QDAO?
QDAO is a Platform that uses blockchain technology, where the platform is integrated with smart contracts contained in the blockchain technology Ethereum. With the QDAO platform users can get Stable coins (For now USDQ And KRWQ) To help them in the transaction process needs that use cryptocurrency, By using a major cryptocurrency as a collateral, Bitcoin, this certainly provides a stable asset and can be exchanged back to bitcoin with sending USDQ + Stability fee to the specific address requested by their platform, With the price adjustment process automatically by their platform as well as efficient feedback mechanisms, resulting in a unique new ecosystem that gives us a positive experience in the cryptocurrency world without afraid to violatile crypto market.
Their platform has a simple process where it makes it easier for users when there is a sudden need that requires fast money but does not want to sell their assets. Just by registering on their platform and then following the steps, they have got Stable coins and also do not sell the assets they have. For now, their platform will only provide one cryptocurrency that can be used as collateral, that is Bitcoin, but in the future they will provide various major cryptocurrency to be used as collateral. For more details about QDAO Platform, you can read their whitepaper here: https://usdq.platinum.fund/whitepaper
QDAO Stablecoin
QDAO Stablecoin is an Ethereum Blockchain technology-based token that has a stable price and is not affected by the violatile crypto market. The price will not change because this token will always be the same as the existing fiat value according to fiat based-token found on their platform, For example USDQ whose value will remain the same as fiat USD, KRWQ whose value will remain the same as fiat KRW. In the future they will also introduce a variety of other Fiat-based tokens, such as JPYQ, PHPQ, CNYQ, HKDQ and SGDQ which of course the price will also be the same as each fiat which is made into Ethereum blockchain technology-based tokens. Fiat-Based Tokens can fulfill various functions, acting similar to other cryptocurrency except that the value remains the same, for example the interest can transfer the payment of goods or services. We can also verify each collateral by visiting this website: https://usdq.platinum.fund/scanner
Conclusion
Stablecoin is something that is very much needed in the crypto world which is violatile, besides providing us with stable assets, it provides convenience for various transaction processes without having to worry about price changes. The concept of Stablecoin has been around for a long time, except that the lack of transparency makes it a difficult thing to be adopted massively. Besides that, the limited Fiat currency that can be used is also one of them. QDAO Give us a transparent platform and you can check yourself on their website. Well, I hope this will change the current crypto atmosphere to be more positive.
I think it's enough for now, Do not forget to follow & upvote, I will give some links related to QDAO Platform below. Thank you very much!
Website: https://usdq.platinum.fund/
Facebook: https://www.facebook.com/FundPlatinum
Twitter: https://twitter.com/platinumqdao
Telegram: https://t.me/PlatinumQeng
Bitcointalk: https://bitcointalk.org/index.php?topic=5139238.0
Whitepaper: https://usdq.platinum.fund/whitepaper
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1049524