what is Qdao project !!!
What Is Bounty?
Bounty is an opportunity for you to earn without investing. All you need to do is complete some simple tasks that you can find below. For each task you get a certain reward.
Complete the tasks, register them and wait for verification. After that you will receive your reward and start earning. Your activity is checked manually. It can take up to 48 hours.
USDQ is a one of a kind decentralized stable asset
The philosophy of USDQ is to create a truly decentralized stable asset.
Decentralized. All decisions are made by the DAO community.
The Q DAO community provides full democracy with NO centralized control. You can change anything you see fit if the community supports your initiative. You have the right to vote. Everything and anything is decided solely by the community for autonomous decentralized decision making.
Collateralized by crypto. No more mythical deposits on private bank accounts.
Transparency in its plain meaning. You can track all the transactions in real time and know for sure that a particular stable is backed by a particular crypto asset.
Self-stabilizing. Always stable. The environment doesn't matter.
According to the nature of decentralized stable coin, it can’t fall or take off with big fluctuations. Self-stabilizing algorithms and market itself will always keep the price stable.
The stable coin which earns money for you
1.Mine Q DAO tokens
Using the Q Box, you can easily mine Q DAO tokens
- Based on AI, our Q Box analyses tones of parameters, news, and other factors to create a cryptocurrency rate prediction.
3.Community governance
Help the system to be stronger and safer. By using Q DAO tokens, you can participate in the system control
The ecosystem of USDQ stablecoin.
The ecosystem of the stablecoin is constructed on several key elements.
Opportunity to purchase USDQ on exchanges
The 1st element of the ecosystem is the exchanges. USDQ bargains on the secondary market at the price of 1 dollar for 1 USDQ, respectively traders interact with this coin, as well as with any other. To buy USDQ at the exchange is the first way by means of which it is possible to get stablecoin.
Receiving the credit in USDQ through crypto assets collateral
The 2nd way, which includes several important elements of an ecosystem, is receiving the credit in the stablecoin USDQ 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 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. 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.
What is the Q box and why do you need to install this utility on your device
At bail in crypto assets, the client has an opportunity not only to obtain the credit in USDQ, but also to establish Q Box on any device. This utility represents the self-trained neural network capable of doing predictions of the behavior of exchange rates on the basis of the analysis of news, schedules, the market of currencies.
This neural network studies in decision-making process. The speed of training is influenced by the number of crypto assets which the user put in the pledge. The more of them are in pledge, the quicker it studies and the more qualitative and frequent are predictions. Besides, the user can install Q Box on the phone, on the tablet, on the laptop, thereby increasing the speed of its training. The utility works only until the user has crypto assets in the pledge.
The second function of this neural network is that it doesn't only predict the behavior of exchange rates but at the same time mines governance tokens Q DAO which play a role of the managing token in interaction with USDQ stable coin.
Q Box also has one of the most important functions - without it the system would not be decentralized. These neural networks, being predictors, will predict a rate of cryptocurrencies and propose solutions on change of a mortgage rate.
Q DAO Token and Voting Process
By means of governance tokens Q DAO it is possible to vote and make decisions influencing all ecosystem.
Each users' neural networks will be developing on their own pace and therefore the predictions they make will be different too. And if at some point most of Q Boxes, irrespective of the level of their proficiency foretold that, for example, the rate of cryptocurrency which is in pledge will fall and it is necessary to take actions to stabilize stable coin by increase in a rate of pledge, then this solution prediction will be brought up for voting where each holder of governance tokens Q DAO will be able to vote "against". If the owner of governance tokens Q DAO does not take part in the vote, his voice automatically becomes pro this decision. Thus, if most of the users voted against, nothing occurs and if for - the system changes. Except for vote, governance token Q DAO is used for payment of the commission at repayment of the loan, the token Q DAO is also being traded in the secondary market.
Purpose of the Scanner Service
All crypto assets will be kept in crypto asset control system, and private keys from wallets - will be stored in separate storage.
One more important element of the ecosystem is the scanner service which helps to reach transparency of the whole structure. This component will be placed on one of the website pages where each user will be able to see and monitor all transactions of the network. Thus the smart contract will allow seeing, for example, that only 1,000,000 USDQ were released, on the security of a certain quantity of crypto assets. It will be possible to see concrete transactions, concrete wallets and time of the transaction. It will be possible to trace how many crypto assets were locked for each separate transaction and how many of them are in the system. Any movement, namely repayment or on the contrary issuance of credit will be displayed as fast as possible in the system on the website. Each person could see that these crypto assets are subject to storage and are not spent.
USDQ price stabilization process
How is the ecosystem decentralization reached? By means of one more its element. These are Q Boxes who will provide the decisions based on mathematical algorithms on the need for crypto asset sale in case its price drops lower than the designated mark. At decision-making interaction of Q Boxes adjust human factor of influence on the ecosystem.
The price in the contract is always supported at the level of 1 USD. While USDQ token cost in the secondary market can deviate $ USD 1 in the greater or lower side, the smart contract guarantees cost 1 USDQ = to $ USD 1. Therefore, if USDQ token price in the secondary market grows, traders have a chance to buy USDQ, using the smart contract, at one price and to sell them in the secondary market at the raised price. It leads to an increase in the number of USDQ in the market and, respectively, to dilution the price that returns it to a mark of $ USD 1.
In case USDQ price in the secondary market falls, everything occurs on the contrary, there is an opportunity to buy USDQ at the exchange cheaper and to sell to the smart contract more expensively that leads to burning of USDQ in the market and, respectively, to a price raising to a mark of $1.
It will be possible to sell USDQ to the smart contract only if the owner of a stable coin in pledge has crypto assets. Therefore, to get the profit based on a difference of the prices of USDQ it will be necessary to put the crypto assets.
Thus cost 1 USDQ in the secondary market is always stabilized due to actions of traders and change of the number of USDQ which are in circulation.
The second way of price stabilization of USDQ token is also connected with Q Boxes. F of % of mortgage crypto assets begin to be sold when their price in the market falls for E % until in pledge the necessary balance between crypto assets quantity and the released stable coin (D) for ensuring the price 1 USDQ = $1 is reached. Where E, F and D - the last rates, established by Q Boxes and approved by holders of the governance token Q DAO. In case the price of the crypto assets which are in collateral falls to the critical mark mathematically calculated earlier, then the crypto assets which are in the collateral begin to be used for repayment of USDQ which will be burned at once that will serve the equation of the price 1 USDQ to 1 USD.