Stablecoin is a type of cryptocurrency that is very unique, this is based on because stablecoin pegged the price of coins in certain currencies and votity that tends to be stable.

Stablecoin is generally used as a haven when crypto prices are bearish. In addition, this type of coin has several methods of working to stabilize its volatility, and the price of stablecoin is generally pegged to popular fiat currencies such as Dollar, Euro, and others.

Stable has various advantages in terms of use, for example, because of its stable price many crypto exchanges make it the main coin. At the moment there are a lot of stable coins circulating, and some are from the developer of Platinum Q DAO Engineering.

About Platinum Q DAO Engineering

Q DAO is a blockchain platform integrated with Ethereum smart-contract and has an original QDAO Governance token. Users can generate stable coins, but currently, only USDQ and KRWQ are available. USDQ is pegged to USD and KRWQ is pegged to Korean won, besides that they also plan to release CNQY, JPYQ stablecoin, and others.

Collateralized Debt Position Smart Contracts (CDP)

Everyone can create CDP assets and use them to make USDQ on the QDAO platform. To create a CDP, users must deposit their assets "such as bitcoin" into smart-contract as collateral assets.

Users can take their collateral assets at any time by paying the same amount of USDQ when the first time is made. The CDP principle can ensure that the value of debt is not more than collateral assets. This principle allows CDP to reduce the negative impact of sudden price changes.

Currently, the QDAO platform uses Single-Collateral, but they plan to switch to Multi-Collateral; this is done so that users can use various assets to make more stable coins.

Price Stability

The USDQ price target held by the holder will be pegged to the US Dollar, at a ratio of 1: 1 or $ 1 per 1 usdq. 1: 1 price comparisons will also be made on other stable coins that will be released.

Fan Activity

Q DAO's social activities are very high, this proves that this project received very high enthusiasm from the community. In addition, the graph above also shows mass adoption, so this project is most likely to be very successful and has a good profit prospect for token holders.



Critic Reviews

The project received positive reviews from many critics, they assessed the project as having good execution and planning as well as a crypto vision which was considered as the future of the blockchain. The team is also very experienced and multi-procedural, giving rise to a unique and diverse work ecosystem and can make it possible to find new ideas.

Whitepaper and Road map writing is also very detailed and transparent. The target of a soft cap and hard cap is very low which indicates they are committed to the project and not greedy.

Conclusion

This project focuses on stablecoin ecosystem products. The amount of coins circulating depends on how much collateral assets are stored, so the amount of supply in the market can be reduced or increased and the price remains stable.

Also, the QDAO project received high enthusiasm and positive reception from various groups, besides technical factors such as the roadmap, whitepaper, and team composition made this project have good prospects in the future and I felt it was very feasible to invest in this project.

MPV: https://platinum.fund/

Website: https://usdq.platinum.fund

KakaoTalk: https://open.kakao.com/o/gfFhY2mb

Telegram: https://t.me/Platinumq

Buy QDAO

Website: https://tokensale.qdao.io/login

Hotbit: hotbit.io/QDAO_USDT

IDEX: https://idex.market/eth/qdao