SINGAPORE - 06/03/2019 — In a major move, BTC-Alpha has listed USDQ, a fully decentralized stablecoin. USDQ and KRWQ are newcomer stablecoins that enable to collateralize Bitcoin and generate fiat-pegged stablecoins. It's available to anybody around the world, while also featuring low fees and fast processing time. What's so special about this project? Why is the stablecoin getting listed on more and more exchanges?
USDQ and KRWQ represent a new breed of stablecoins - it's fully delinked from "legacy finance". In comparison, Tether and similar projects (Gemini, USDC, TUSD) all go through the same process. A token is created on the blockchain. Users need to "pawn" USD in order to create the tokens with the same value. They can then use tokens to transfer value within the cryptocurrency industry. It might seem that this is an ideal type of a stablecoin and there's nothing more to improve here. But it's extremely vulnerable to external impacts, and here's why.
All of such stablecoins need to interact with actors from "legacy finance", i.e. banks, auditors, lawyers, and more. This requires projects to comply with various requirements, follow rules and constantly assure that they do it right. The problem here is the fact that many countries are still working on regulations that will apply to cryptocurrencies and other DLT-based solutions. In many cases, it's impossible to convert legacy regulations into concepts, feasible in the crypto universe.
USDQ is different. It lives on the blockchain with all of its components fully decentralized and empowered by the blockchain. In this way, USDQ shows the path toward higher adoption by general population and businesses, leveraging ease, security, and border-blind transactions, enabled by DLT.
USDQ is collateralized by Bitcoin. This means that in order to create 1 USDQ, a user needs to "pawn" a certain amount of Bitcoin. When they do this, Bitcoin is locked into a special "smart contract" (a piece of code) and USDQ is generated then. 1 USDQ always equals to 1 USD.
Users from around the world have been drawn to USDQ since it opens the door to fast and low-cost margin trading when traders can increase their trading capital in an effort to benefit from favorable price movements.
Another important use case is hedging. Traders can move into a stablecoin whenever their stablecoin of choice moves against them. Buying and selling USDQ is easy and can be done either at the project's website or on an exchange.
And now it's also possible to buy and sell USDQ at BTC-Alpha where users can trade in 24 cryptocurrency pairs and win from attractive fees. This move clearly shows that major crypto players are starting to see the appeal of the new coin, looking to be among the first to partner up with a promising project.
USDQ is a first stablecoin, developed within Q DAO ecosystem. The second one is KRWQ stablecoin. In the coming months, there are plans to roll out a line of new stablecoins, each pegged to major fiat currencies, such as CNYQ, JPYQ, HKDQ, SGDQ. This will be highly useful for regional traders, now able to hedge and margin trade using the substitutes for their national currencies.
Q DAO ecosystem has its own internal coin which is also called "Q DAO". It’s used for governance and supporting the stability of the coins generated here. Q DAO holders can benefit from slight deviations that stablecoins have from their pegs. The platform guarantees that the token will always gradually return from a deviation toward the original peg, and market participants can profit from buying low and selling high, and selling high and buying low.
BTC-Alpha enables to deposit and withdraw USD, using a set of options, popular among users. It's possible that the exchange's target audience will fall in love with the new stablecoin, which enables to keep their funds in USD while continuing to hold a crypto token. No need to exit into fiats and ability to continuously operate within the crypto industry may be the spur that crypto community needs for the next big move in the mass adoption across the globe. And it's the global availability of USDQ that plays a key role in this regard.
USDQ is an ERC20 token and can be stored on any ERC20-compatible wallet, like MyEtherWallet or Mist. Besides BTC-Alpha users can now trade USDQ on BTCNext.io a next-generation spot and margin trading platform. The exchange is designed for the beginner and delivered by experts. In order to protect investors’ funds, BTCNEXT developers have implemented more than 300 security measures.
About USDQ and PLATINUM Q DAO ENGINEERING
USDQ is brought by the PLATINUM Q DAO ENGINEERING team, as a measure to develop a high-endurance stable coin that uses innovative solutions in collateralization, price stabilization mechanisms, and oracles. The team plans to support a wide array of stable coins with pegs to other fiat-based currencies such as the JPY, KRW, SGD, HKD, CNY, RUB all under the Q DAO brand. Fully anonymous, USDQ breaks limits out of this legacy world.
Visit https://usdq.platinum.fund for latest updates about USDQ.
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Media Contacts:Company Name: Platinum Engineering