KRWQ (by Q DAO v1.0)

  • KRWQ (by Q DAO v1.0)
  • Introduction

    KRWQ 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, KRWQ 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.

  • About The Project

    The ecosystem of the stablecoin is constructed on several key elements. The 1st element of the ecosystem is the exchanges. KRWQ bargains on the secondary market at the price of 1 KRW for 1 KRWQ, respectively traders interact with this coin, as well as with any other. To buy KRWQ at the exchange is the first way by means of which it is possible to get stablecoin. The 2nd way, which includes several important elements of an ecosystem, is receiving the credit in the stablecoin KRWQ through crypto assets collateral. A pledge rate to the released stablecoin is D %, where D is the last rate established by Q Box which is a self-learning neural network, and approved by holders of the governance token. Thus, it reaches over provided credit and leads to ensuring the stability of USDQ token. Respectively, when new crypto assets enter the ecosystem, the created smart contract prints new KRWQ 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 KRWQ 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 KRWQ tokens are burned. The credit in KRWQ 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. 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.

Roadmap

First USDQ, KRWQ and Q DAO issuing and exchanges listing

A release of USDQ and KRWQ standard contract backed by bitcoin assets.

Closed beta test of the collateralized debt position interface

Closed beta test of the collateralized debt position interface.

Collateralized debt positions interface public beta.

A release of the first public beta. Automation of the CDP process.

QBox public beta. Q DAO mining start

The release of the Q Box - a self-learning neural network utility. Start of the mining process.

New stable coins release

Automation of the CDP process of JPYQ, CNYQ, HKDQ, SGDQ tokens.

Launch of our own decentralized exchange

Creation of our own blockchain and transferring of the entire system onto it

Team

  • Dan Khomenko

    Dan Khomenko

    Platinum co-founder

  • Anton Dziatkovskii

    Anton Dziatkovskii

    Platinum co-founder

  • i-Chan Huang

    i-Chan Huang

    Chief Strategy Officer

  • Eddie Argueta

    Eddie Argueta

    Head of Communications

  • Jitendra Rathod

    Jitendra Rathod

    Marketing manager

  • Howard H.Kim

    Howard H.Kim

    Blockchain evangelist

  • Takeshi Ito

    Takeshi Ito

    Business developer

  • Herry Vu

    Herry Vu

    Singaporean Community manager

  • Maria Danilova

    Maria Danilova

    Manager of Community Relations

  • Julia Della Scala

    Julia Della Scala

    Business Development

  • Artem Finko

    Artem Finko

    Marketing and communication manager

  • Daria Volkova

    Daria Volkova

    Project manager

  • Slava Mikhalkin

    Slava Mikhalkin

    Team leader