SINGAPORE – 06-24-2019 (PRDistribution.com) — 
BTCNEXT cryptocurrency platform announces the launch of the second round of Initial Exchange offering (IEO) for the Q DAO project, this year’s most anticipated token sale that will start on the 1st July 2019, 17:00 KST.
Platinum Q DAO Engineering, the blockchain development arm of international IEO/ICO/STO marketing leader Platinum, has created a stablecoin system that pegs crypto tokens against important global currencies like the US Dollar and the Korean Won.The Q DAO stablecoin system is a better and viable alternative to current stablecoins in the market that is inundated with problems of assets backing them. Instead, the stablecoins within the Q DAO ecosystem are backed by bitcoin and other top cryptocurrencies that are pledged by traders and investors in lieu of stablecoins like USDQ and KRWQ, as well as being held in storage until the return of the stablecoins back to the system. InvestmentsPlatinum Q DAO Engineering will hold the IEO in 10 rounds on the first day of every month. The first round happened on 1st June and completed in less than an hour. 15000 Q DAO tokens, were sold at the price of 1 USD per token. All stages of the IEO will be completed by March 2020. Business modelTo date, the Q DAO system has been successfully audited and tested by thousands of users and its community of potential investors has seen consistent growth. Moreover, Q DAO tokens are already available for trading!30% of Q DAO tokens allocated through IEO will be unlocked while the remaining 70% distributed via OTC desk will be frozen for a certain period of time.Advantages for token holdersOwners of USDQ and KRWQ tokens can enjoy trading with a cryptocurrency that has substantially less volatility compared to regular cryptocurrencies. This is due to the pegging of their values to real-world currencies. Also, traders do not have to adhere to specific regulations regarding the trading of fiat currencies. Thus these tokens afford the ease of trading cryptocurrencies with the characteristics of fiat currencies. The tokens are already available on Hotbit, BT?NEXT, BTC-Alpha, and Deex exchanges.Holders of Q DAO tokens are incentivized by the fluctuating prices of this token which is also the governance token of the stablecoin system. Q DAO token holders have voting rights and indirectly control the working of the stablecoin system through consensus.IEOs present investors with the most lucrative option to buy Q DAO tokens and use them immediately. However, when bought through the OTC desk, while they cannot be sold immediately, investors can earn great returns over time while the tokens are being systematically unlocked.The company has already released two stablecoins under the Q DAO ecosystem – USDQ and KRWQ (pegged to US Dollar and Korean Won). There are also plans to release more such stablecoins pegged to other important global currencies – JPYQ, SGDQ, HKDQ, and CNYQ. PressMore than 100 of the world’s leading media have already written about Q DAO including DailyHODL, Hackernoon, Blockonomi, CCN.com, CryptoDaily, The Merkle, and many others.TeamCurrently, a team of more than 100 people is contributing to the Q DAO project. These include individuals with a background in blockchain engineering, business development, legal, finance, and marketing. The team members have backgrounds at such companies as Bridgestone, CocaCola, DocuSign, Calzedonia, Mitsubishi, Uber, Yamaha, Uniqlo, Nestle, RedBull, Foxconn, and much more.The Q DAO IEO is a unique opportunity to buy a novel class of stablecoins that truly reflect the aspirations of the current crypto markets. The problems afflicting popular stablecoins have become veritable pain points for crypto enthusiasts and they have come to the understanding that these so-called “stablecoins” are hardly stable as there is a lot of manipulation going on behind the scenes to keep values stable.The Q DAO system works on the simple principle of pegging the value of the stablecoin to international fiat currencies. While many popular stablecoins need to back their values withheld assets (for example, millions of US Dollars in a third party bank account), The Q DAO system backs its stablecoins by the collateralized debt (that traders keep in lieu of buying stablecoins) in the form of bitcoins and other top cryptocurrencies. This also greatly helps in keeping price fluctuations to a minimum.The Q DAO token sale is an excellent opportunity for users to invest in the potential future unicorn at an early stage!About Q DAOQ DAO is the internal token of the Q DAO ecosystem that includes a wide range of decentralized stablecoins using algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, the Q DAO ecosystem ensures reliable protection against malicious acts and cyber-attacks. The first run in the line of fiat-pegs, stablecoins are brought by Platinum Q DAO Engineering to edge together innovative solutions in collateralization with the help of stabilizing mechanisms and oracles for high-endurance stablecoins. The company has already listed two stablecoins: USDQ pegged to US dollar, and KRWQ pegged to Korean Won. The team is going to launch even more fully backed stablecoins: JPYQ, SGDQ, HKDQ, and CNYQ, all under the Q DAO brand. Fully anonymous, the Q DAO ecosystem stablecoins limit out of this legacy world. About Platinum Q DAO EngineeringPlatinum Q DAO Engineering is an international full-cycle company that provides IEO/STO listing, advisory, marketing, legal, and tech services. The company helped to raise more than 200 million USD for a great number of projects. Platinum Q DAO Engineering employs over 100 specialists who have extensive experience in marketing and PR, management, consulting, programming, cyber-security, education, legal advisory, and many more. The company’s mission is to make people’s lives better and facilitate economic growth by developing cutting-edge products that provide trustworthy, safe, and seamless access to any virtual assets.About BTCNEXTBTCNEXT exchange is a cryptocurrency trading platform designed for the beginner and delivered by experts. In order to protect investors’ funds, BTCNEXT developers have implemented more than 300 security measures. In the near future, users will be able to trade over a hundred types of tokens including Bitcoin, Ethereum, and Litecoin. For more information, visit their website and follow them on Twitter, Instagram, Telegram, Facebook, Medium, and LinkedIn.Follow all updates on the Q DAO ecosystem in the News section of their official website. Join the officialEnglish Telegram chat or Korean Telegram chat and get regular updates on events and development. You can also join the officialKakao Talk to ask questions in Korean directly to the Platinum Q DAO management team.# Q DAO diary { dev.day: 386, round: 1, 8 days until IEO#2, Q DAO price: $2.55 }# BTCNEXT diary { dev.day: 278, daily volume ~$13100k, 26 coins listed, IEO count “3” , BNX price $0.68 }
Media Contacts:
Company Name: Platinum Engineering
Full Name: Anton Dzyatkovsky, Blockchain Architect Platinum Engineering
Phone:
Email Address: Send Email
Website: https://usdq.platinum.fund/
For the original news story, please visit https://prdistribution.com/news/platinum-q-dao-engineering-is-holding-the-ieo-of-its-governance-coin-q-dao-that-has-already-attracted-investment-from-big-investors-btcnext-exchange-shares-the-details.html.