USDQ is an ERC-20 decentralized stablecoin. Depending on the nature of the decentralized stablecoin, it does not fluctuate up and down with larger fluctuations. The stability algorithm and the market itself will always keep the price stable.

Project Highlights

Decentralized Division
All decisions are made by the community. Completely democratic. No more centralized control. If the community supports your program, you can change anything you see. You also have the right to vote! Everything will be decided by the community.

Use cryptocurrency to secure mysterious deposits in private bank accounts will not happen again
With obvious transparency, you can track all transactions in real time, and specific stability is backed by specific crypto assets.

It is stable, always stable
Environmental conditions are not important. Depending on the nature of the decentralized stablecoin, it does not fluctuate up and down with larger fluctuations. The stability algorithm and the market itself will always keep the price stable.

Project ecosystem

Cryptocurrencies offer a wide range of benefits to users around the world. However, the high volatility of its prices has hindered large-scale adoption. Users are reluctant to trade digital assets that may experience huge price changes in minutes. Even the most popular coins, such as Bitcoin and Ethereum, do not provide stability in price movements, and usually see a 20% increase.

On the Q DAO platform, users can generate various stablecoins, currently using USDQ and KRWQ. USDQ uses Bitcoin as collateral, i.e. in order to create USDQ users need to lock their Bitcoin in a smart contract. The price of the stablecoin is pegged to the US dollar. Stablecoins are seen as an important driving factor, paving the way for the massive adoption of DLT-powered digital currencies. Compared to other stablecoins on the market, USDQ is completely decentralized, with all its components on the blockchain. KRWQ (and other stablecoins planned to be launched in the future) act in a similar way, but pegged to its specific fiat currency (KRWQ is KRW). To simplify the description, we refer to USDQ only below, but readers should understand that the same applies to all other stablecoins such as currently available (KRWQ) and plan (CNYQ, JPYQ, etc.).

Anyone can buy and sell USDQ through an exchange, a broker or an OTC transaction. It is an ERC20 token that brings convenient transmission without any restrictions. USDQ asset holders can earn additional profits, obtain savings rates, and accumulate their holdings.

Q DAO is a blockchain platform that integrates with Ethereum smart contracts. It provides many contributors to the sustainability of generated stablecoins, such as CDP (collateralized debt position), an automatic price adjustment process with feedback mechanisms, and an incentive system for external participants.

Anyone who owns Bitcoin can generate stablecoins (USDQ, KRWQ, etc.). These ERC-20 tokens can then easily implement a wide range of functions, which act like other cryptocurrencies. The largest use cases include cross-border value transfer, payment of goods and services for accepting business, and long-term savings. In addition, the stablecoin generation system lays the foundation for a highly convenient and stable margin trading platform.