Platinum Q DAO Engineering launched Q DAO IEO on BTCNEXT and other exchanges Platinum Follow Jun 18, 2019 · 4 min read

The ways to obtain Q DAO tokens

Takeshi Ito acts as a Business Development Leader at Platinum Q DAO Engineering where he helps to raise awareness across Japan as to Q DAO ecosystem and other stablecoins being development by the team. Born and raised in Tokyo, Takeshi graduated from New York University.

Throughout his extensive experience at major investment banks such as Goldman Sachs and Bear Stearns, he’s engaged in NPL and securitization business mainly for structuring CMBS products. His expertise lies in due diligence, particularly evaluation of real estate assets and NPL (Non-Performing Loan).

Platinum Q DAO Engineering is an international hi-tech company rendering IEO/STO listing, advisory, marketing, and legal services that launched plenty of successful blockchain and crypto projects. They have just conducted the first Initial Exchange Offering (IEO) round on BTCNEXT, during which 15,000 Q DAO tokens were distributed for less than one hour. The second round will take place in July. If you can’t wait for the whole month, there are two more ways to get Q DAO tokens.

Q DAO is an internal token of the Q DAO ecosystem, which also includes a wide range of stablecoins. The stablecoins are pegged to fiat currencies and backed by Bitcoin (and by other top 10 cryptocurrencies in the future). This feature helps them to be more stable and less volatile compared to ordinary digital assets.

Two stablecoins of the Q DAO ecosystem — USD-pegged USDQ and Korean Won-pegged KRWQ — are now available on the trading platforms. The crypto market participants can acquire and use them in order to buy any goods and services all over the world. The Q DAO ecosystem is designed to help stablecoins maintain stability and be less dependent on market volatility.

What does Q DAO offer to the holders?

First of all, the users need Q DAO tokens if they want to exchange their stablecoins into Bitcoin or other cryptos locked as a collateral because they should pay a fee. The fee can be paid only with Q DAO tokens, which then immediately burn. Secondly, Q DAO provides the holders with voting rights when it is required to make key decisions on the Q DAO ecosystem changes and risk management. So, there are 3 ways to buy Q DAO, the governance and utility token of the ecosystem.

Getting Q DAO tokens via IEO: In this case, the market players get a chance to acquire Q DAO at the most favorable price while the tokens will be unlocked. But it should be taken into account that the customers can buy only $1,000 worth of tokens per person. To get more assets, the holders should wait for the next round (there will be 10 rounds in total). Besides, the users that are participants are interested in the governance token will have to compete with each other.

Buying Q DAO tokens on the cryptocurrency exchange: Most exchanging services have simple interfaces and user-friendly trading instruments that allow customers to easily buy and sell the required coins. Also, don’t forget about the partner of Platinum Q DAO Engineering — BTCNEXT, whose 24/7 responsive customer service will answer all customers’ questions and teach every beginner how to read charts and trade effectively. The only disadvantage of this method is that traders won’t be able to buy a vast number of Q DAO tokens since they’re in short supply.

Purchasing Q DAO tokens through OTC desk: Platinum Q DAO Engineering will distribute 70% of tokens from 50 000 USD monthly that will be frozen for a certain period. People can buy only a limited number of tokens — up to USD 1,000 per person.

About BTCNEXT and Q DAO family stablecoins.

BTCNEXT exchange, the next generation spot and margin-trading platform, has been developed by Platinum Q DAO Engineering, which has also brought USDQ and KRWQ stablecoins to the market, looking to edge together innovative solutions in collateralization. They plan to achieve it by using stabilizing mechanisms and neural networks for high-endurance stablecoins.

There is one aspect of USDQ and KRWQ, which makes them unique, and this fact is that these stablecoins are decentralized. They have Bitcoin as a collateralized cryptocurrency debt backing up the value, instead of a centralized authority holding dollar bills, as in the case of Tether (USDT). Soon there will be even more fully backed stable coins: JPYQ, SGDQ, HKDQ, and CNYQ under Q DAO brand. Fully anonymous, USDQ breaks limits out of this legacy world.

In the near future, users will be able to trade over a hundred types of tokens including Bitcoin, Ethereum, and Litecoin. For more information, visit their website and follow them on Twitter, Instagram, Telegram, Facebook, Medium, and LinkedIn.

About 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.

Visit here for latest updates about USDQ (and KRWQ — soon)

Visit now Official Telegram chat in Korean or in English to learn about the latest development hacks.

Dive in Official Kakao Talk to ask questions in Korean directly to Platinum Q Dao management team.