USDQ Token (USDQ) is committed to developing a new ecosystem other than Bitcoin and Ethereum, through a sound design, to achieve features compatible with the long-term technological evolution of Bitcoin and the Ethereum Virtual Machine; and Oriented by industry applications, through the mobile DAPP development strategy, the technical advantages of the blockchain are brought to applicators and ordinary Internet users in different industries. In addition, USDQ's system focuses on the practical application of smart contracts, and will provide traditional Internet companies (finance, social networking, etc.) with a compliant and open blockchain technology test field through the perfect design of Oracle and Identity.
USDQ is a digital asset-based anchor currency that is equivalent to the U.S. dollar and issued with gold as the same amount of reserve.
USDQ is a digital asset of Hong Kong TEDA Group using the blockchain to confirm its rights, and it is backed by physical gold. It has both the stable value storage function of gold and the universality advantage that all digital currencies have. All USDQ will initially be issued on the Ethereum blockchain through the blockchain base protocol, so they exist as cryptographic tokens. Each USDQ unit issued and circulated is backed by a ratio of the corresponding legal currency unit deposited by TEDA. According to the terms of service of USDQ Token, USDQ can be exchanged for the underlying fiat currency, and if the holder chooses, the equivalent spot value of Bitcoin can be exchanged. Once USDQ is issued, it can be transferred, stored, spent, etc. just like Bitcoin or any other cryptocurrency. The fiat currency of the reserve has acquired the properties of a cryptocurrency, whose price is permanently linked to the price of the fiat currency.