QDAO ICO Review

About Platinum QDAO

Platinum QDAO gives financial freedom to every user, they are not controlled by governments or central institutions, they are scalable, effective, and transparent. The Platinum Q DAO team believes that USDQ, KRWQ, and coming stable attached to the Q DAO ecosystem will take a leading position in the crypto industry as a golden standard of stable coins.

Stablecoin ecosystem

Cryptocurrencies offer a wide range of benefits for users around the world. However, high volatility in their prices prevents mass adoption. Users are not willing to trade in digital assets that might experience huge prices changes in just a couple of minutes. Even the most popular coins, such as Bitcoin and Ethereum, aren't able to deliver stability with price movements for up to 20% being a usual occurrence. At the Q DAO Platform, users can generate various stable, currently USDQ and KRWQ are available.

Smart contracts

Any person can use Collateral Assets in order to create USDQ on Q DAO Platform. They do this by interacting with a special smart contract, identified as "Collateralized Debt Position". The Q DAO Governance, made up by holders of the Q DAO governance token, is charged with making decisions on Collateral Assets, allowed for the use. CDPs are simultaneously used to mint USDQ and accrue the debt. The user can withdraw the Collateral Assets at any time upon repayment of the USDQ amount, equal to the loan originally received.

Emergency shutdown

Q DAO Platform is effectively protected against any large-scale attacks on its infrastructure with the Emergency Shutdown being the measure of last resort. Upon activation, the Platform terminates all of its operations and subsequently redeems the USDQ holders and CDP operators for the net value of assets they have a claim for. USDQ holders are titled to receive the value in Collateral Assets, equal to the USD-denominated amount of USDQ units they are held. During the Single-Collateral USDQ.

Networks

After the user has collateralized the crypto assets, he will receive the loan in USDQ and obtain the opportunity to install the Q Box app on his devices. The app connects a device to the self-trained neural network, capable of predicting price movements for crypto assets, learning from price charts, news bulletins and market buzz. The quality of decisions, taken by the neural network, grows gradually, accounting for the scope of use. The speed of training depends on the amount of crypto assets, collateralized at the platform.

Governance token

Holders participate in the votes for an Active Proposal, submitted by Q Box (neural network component) or Q DAO holders. The Active Proposal is a smart contract that can access the ecosystem's parameters and make the changes, specified in the proposal. A Contract Proposal can execute only once with it being subsequently destroyed after the use. Upon activation, it immediately implements the changes to internal variables within the Q DAO Platform. The vote by the Q DAO holders community held with regard to the Active Proposal.

Debt and collateral

During the Multi-Collateral USDQ, the Q DAO Platform purchases the Collateral Assets, locked within the CDP, and subsequently sells them through the automated auction. Such an approach enables the ecosystem to liquidate CDPs even in the case when there is no information available as to the market prices. For the ecosystem to purchase the Collateral Assets, stored within the CDP, it first needs to obtain the sufficient amount of USDQ that will be subsequently used to cover the debt generated by the CDP.

Mitigation approaches

The Q DAO team has identified security and protection for smart contracts and ecosystem's overall architecture as the top priority from the start. All code solutions have successfully passed a thorough security audit, carried out by a major security auditor engaging some of the best talent in the blockchain development industry. In addition to best practices and high-quality engineering, the formal verification is the most effective tool against hacking attacks.

Basic Information

Token Name Platinum QDAO

Token Symbol QDAO

Soft cap 100,000 USD

Hard cap 509,999 USD

Token for sale 509,999 QDAO

Country Singapore

Whitepaper Click Here For View Whitepaper

Website Click Here For Visit ICO Homepage

Team

Member

Anton Dzyatkovskii CO-FOUNDER

Bogdan Khomenko CO-FOUNDER

I-Chan Huang CHIEF STRATEGY OFFICER