BTCNEXT is entering into the business partnership with USDQ stablecoin. This is big news in our space. Now, every user at BTCNEXTcan use this stablecoin to hedge, save and invest. No more worrying about "gray" stablecoins like Gemini or "black" coins like Tether. No more shuffling funds around exchanges, looking for a particular stablecoin. USDQ is driven by algorithms, there are no humans there. It's all being done by the blockchain and smart contracts. Do you trust the blockchain? If so, then read on to discover the main benefits that USDQ brings to the table.
#1 De-linked from "legacy finance"
Unlike fiat-backed stablecoins, USDQ is fully decentralized with all of its components living on the blockchain. The coin is generated through Bitcoin collateralization, which means that the system is not connected to fiat. By the way, the team is planning to expand the collateral to a basket of TOP-10 coins, which is going to make USDQ even more resilient. This eliminates any risks, associated with "legacy finance" actors, such as banks, lawyers, auditors, accountants, and others. No institution would suddenly freeze accounts, impose new regulations, and request some documents. The blockchain brings stability.
#2 Effective stabilization mechanisms
The development team at PLATINUM Q DAO ENGINEERING, working on USDQ, pays special attention to delivering stability. Neural networks are used to forecast potential changes in prices and make the system better prepared for a sudden price movement. USDQ is part of the ecosystem, sustained by a governance coin, called Q DAO. Q DAO creates incentives for traders to buy USDQ when its price is going down and sell it when it goes up. The holders are also the last line of defence - they purchase Bitcoins on the open market and recapitalize the system in case of dramatic price changes. The design is highly effective: while holders of the internal token engage in governance and price stabilization, buyers of USDQ have nothing to worry about and can focus on trading.
Here’s what the PLATINUM Q DAO ENGINEERING team has to say about it:
“The stablecoin’s architecture fully leverages the ability to automate stabilization processes, brought by the blockchains. Collateralized with cryptocurrencies, our stablecoins are disconnected from potential risks that might arise when interacting with external actors. This is the power of decentralization, used for stability. Smart contracts enable unfettered access to loans.”
#3 Easy buy at BTCNEXT
Any trader who signs up to BTCNEXT can buy and sell USDQ as easy as any other cryptocurrency. Transactions are confirmed fast, which is important for short-term traders. BTCNEXT enables sufficient liquidity, preventing any price slippage or buy and sell walls. In addition, fees are very attractive for those traders who do lots of small-amount trades every day. The team is also working on other stablecoins which will be pegged to major fiat currencies, such as JPY, KRW, SGD, HKD, CNY, RUB, and others. This will make hedging and trading even easier for nationals from different countries.
#4 Appealing fees for short-term hedges
All transactions, including those with USDQ, incur a fee of 0.010%. This is a highly attracting offering on the market. Users can do a whole lot of smaller transactions, without any fear of high fee payments. This is perfect for those who look to capture lower-timeframe opportunities. In addition, those with higher deposits (>$50K) will win from special terms for deposit, trading, and withdrawal fees. All users, and those with high deposits in particular worry about security. BTCNEXT works hard to deliver the highest security and protection for users.
#5 Highest security at BTCNEXT for safe transactions
The development team carries out regular audits to assure effective debugging and prevent attacks. Peer reviews bring an objective assessment to security architecture. All of the servers are located at duly certified data centers, featuring the latest layers for both physical and digital security.
BTCNEXT shares about their approach to security:
“All and any solutions we employ go through most rigorous internal audits and peer reviews. We’ve allocated sufficient resources and effort to assure that all system’s components are debugged and all potential attack vectors are taken care of.”
BTCNEXT is a highly secured exchange, offering attractive fees (0.010% for all translations), bonuses for large-deposit customers as well as easy registration. Here, traders win from using USDQ, a fully decentralized stablecoin driven by algorithms and smart contracts. This stablecoin is highly reliable, Bitcoin-collateralized and free of "legacy finance". Enjoyable 24/7 customer support in Telegram (English, Japanese Korean and Chinese). Trade effectively with a clean interface, a full stack of technical indicators and fast transactions processing. Imagine the next level with BTCNEXT!
USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First, run in the line of fiat-pegs, USDQ is brought by PLATINUM Q DAO ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms and oracles for high-endurance stablecoins. Soon, there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under Q DAO brand. Fully anonymous, USDQ breaks limits out of this legacy world.
To know more about the USDQ stablecoin, please visit the website - https://usdq.platinum.fund/
CEO of Platinum