USDQ is a stablecoin built on the Ethereum blockchain. The second stable coin on the eth blockchain, unlike Tether were new tether can be created to manipulate its price, USDQ aims to be transparent. So what differentiates USDQ from all other stable coins?
INTRODUCING Q BOX
Q box is a utility you can install on any device, be it mobile, tablet, or laptops. This utility represents the self-trained neural network which is the reason for it being decentralized, and is capable of doing predictions of the behavior of exchange rates on the basis of the analysis of news, schedules, the market of currencies.
Q box analysis news, schedules and activities in the crypto world to predict the ways in which the prices of coins rise and fall, theses information gathered and saved on a neural network making Q box a self learning and relearning tool.
The neural network helps and assist in making decisions based on predictions of the market movements.
The speed of Q box learning is influenced by the number of crypto assets which the user adds in the pledge he makes, for instance the user uses more crypto assets in his pledge, tgis increases the rate and quality of Q box learning process.
You can install Q box on your device during the process of obtaining and getting credit in USDQ, Q box works when you have crypto assets. Another function of this neural network is that added to its ability to predict the behavior of exchange rates it also mines governance tokens Q DAO which play a role of managing tokens that are in interaction with the stable coin USDQ. With time other tokens would be introduced, they will include CNYQ, KRWQ, and JPYQ.
USDQ CREDITS THROUGH CRYPTO ASSETS COLLATERAL
On an alternative market USDQ price will be 1 dollar for 1 USDQ, to get this stablecoin, you will need to get it at an exchange.
The USDQ bought on an exchange will be received through crypto assets collateral. Approved by holders of the governance token, a pledge rate will will be released by Q box. This will guarantee the stability of USDQ token. And all transactions would be visible on the site via the scanner service which would act as the etherscan.io for USDQ.
When a new crypto assets enter the ecosystem, the created smart contract prints new USDQ and sends them to the borrower. When the borrower wants to take away the collateral and return the credit, it undergoes the return procedure on the website, at the same time paying a certain interest rate for use of stablecoin credit. After the return of USDQ together with payment of commission for use of proceeds of credit, crypto assets are de-frozen and return to the address of the borrower's wallet, and USDQ tokens are burned.
The credit in USDQ tokens is issued for a limited term. If the credit lasts, then it is necessary to bring the commission in the governance tokens Q DAO. The Q DAO token would be used for voting and making of decisions. If the credit is not returned in time, then pledge in cryptocurrency goes to untouchable stabilization fund. In case of elimination process crypto assets of stabilization fund are sold first.
To know more about the project visit this Links
IEO on BTCNEXT exchange