USDQ Review — A Stable Asset We Can Trust

USDQ Token

Token Type: ERC-20 | Total Supply: Around $5.5M | Website: https://usdq.platinum.fund | Telegram: https://t.me/Platinumq | Kakao: https://open.kakao.com/o/gfFhY2mb | Exchange: https://my.btcnext.io/

USDQ is a stablecoin that is fully collateralized stable backed by Bitcoin, meaning that that each 1 USDQ is redeemable for $1.00 USD. It also offers legal protection and full transparency. The company behind it, Platinum Blockchain Engineering, allows the development of asset-backed tokens that can be bought and sold around the world. USDQ is the first stable asset token created on the Q DAO platform.

USDQ is a stablecoin, or a cryptocurrency with a fixed price. Most of them peg, or attach, the price of the cryptocurrency to a fiat currency such as the dollar. This is in contrast to most cryptocurrencies which are known for their price volatility.

In contrast to algorithmic stablecoins such as Basecoin or MakerDAO, which are protocol-based, USDQ is asset-backed. USDQ believes that while algorithmic options cater more towards crypto startups, asset-back tokens will be preferable to more traditional financial institutions. Stablecoins such as Tether also peg their cryptocurrency to the dollar, but the coin has become shrouded in controversy, with claims that the Tethers are not backed up with dollar reserves at a one-to-one ratio.

The USDQ stablecoin offers unique advantages over other stablecoins, including:

Since USDQ is fully collateralized stable backed by the Bitcoin, USDQ acts as a stable currency for digital exchange.

Each USDQ is 100% collateralized by Bitcoin and held with full transparency, subject to regular audits by a trusted third-party.

The Q DAO Platform

The Q DAO platform allows any asset to be tokenized and traded on a global liquid exchange. With the Q DAO platform for example, KRW can be transformed into KRWQ, PHP into PHPQ. Tokenized assets on the Q DAO platform can issue their own new coins which represent fractional ownership and control of the asset. USDQ is the first asset-backed token on the Q DAO platform.
How to Purchase USDQ

BTC-Alpha and Hotbit are currently the main option for purchasing USDQ either by purchasing it with USDT, BTC, or ETH. It is also the exchange with the highest volume of trading.

How to Store USDQ

USDQ can be stored in any wallet that supports ERC-20 tokens such as Coinomi, MetaMask and Myetherwallet.

For maximum security, however, you should store your USDQ on hardware wallets such as Ledger Nano S and Trezor.

Future Aspirations of USDQ

Currently, USDQ can be transformed into USDQ, KRW into KRWQ. In the future, PHPQ, JPYQ, CNYQ, HKDQ and SGDQ will be developed. The plan is for individuals to be able to create their own baskets of tokenized assets, with the market deciding which assets are the best stable currencies.

The long-term goal for USDQ is to become a stablecoin that the industry can trust.