Anton Dzyatkovskii is the blockchain architect lead of Platinum Q DAO Engineering, a passionate entrepreneur and a skilled negotiator. He is a hardworking business leader with more than 13 years of experience in different positions in FinTech, Retail, and E-Commerce. Experienced in expanding financial businesses to new markets. Moreover, Anton is also a co-founder of Platinum Q DAO Engineering, where he has helped to develop USDQ, JPYQ, and KRWQ, the fully decentralized stable coins that simplify Bitcoin collateralization.
For the past 3 years, Platinum Company became the biggest Listing Broker in the world: we have listed 300+ projects on Top Exchanges and supported Market Making for 70+ projects.
Platinum STO/ICO fundraising dashboard and tokenization platform are now installed to 30+ projects, and it has helped them to raise more $350,000,000
In Platinum Q DAO Engineering we are creating a lot of cool stuff:
BTCNEXT - most secure, compliance and regulated exchange, built by traders for traders;
Decentralized stablecoins KRWQ, USDQ, JPYQ, CNYW (we are second Stablecoins DAO after Maker DAO)
Read this article and start learning about a decentralization wave, currently disrupting stablecoins.
Like any of the asset speculations, trading in cryptocurrencies is also a matter of continuous observation and patience. However, unlike normal assets, cryptocurrencies are much more volatile. Cryptocurrency trading is rife with speculation and more driven by emotion than any tangible reasons or analysis. However, this isn’t good for attracting a larger pool of investors into the market. This has led to the introduction of stablecoins. Their values are pegged against physical assets like a fiat currency, gold, oil, and so on. Trading in stablecoins is not only safer, as they are not prone to the extreme volatility seen in other cryptocurrencies, it is also profitable.
While you might think how can trading in an asset whose price remains stable be profitable, it actually can be or already is. There are certain strategies that an investor should apply to make profits with stablecoins.
Are stablecoins the answer?
While most of the popular stablecoins are pegged against the USD, there are others that are backed by other globally renowned fiat currencies and also many kinds of physical assets. USDT (Tether), for instance, is the most popular stablecoin and has attracted a widespread community of backers and investors who regularly trade in it. However, recently, USDT has run into many problems. The most important being its inability to sufficiently back its value with US Dollars. In some cases, the team behind USDT was charged with creating USDT from “thin air” without anything backing it.
What sets USDQ and KRWQ apart?
At Platinum Q DAO Engineering, we have created one of the best stablecoin options present in the market currently: USDQ and KRWQ, are stablecoins backed by Bitcoin while their prices are pegged to the US Dollar and the Korean Won, respectively. These stablecoins, thus effectively solve the problems of asset backing, due to their inherent architecture. Platinum Q DAO Engineering will also introduce stablecoins that will be backed by other top fiat currencies - JPYQ, CNYQ, HKDQ, SGDQ, and PHPQ.
How can trading in stablecoins accrue profits?
If the value of stablecoins is pegged to fiat currency with very low volatility, how does one gain profits from holding/trading them? The most important way by which you can use a stablecoin is to protect your crypto assets from the extreme volatility in prices. It is always better to convert a major portion of your cryptocurrencies into stablecoins during a bull run, so as to protect their value when the market crashes.
Secondly, there are a few ways by which you can still earn handsome, recurring profits from stablecoins - from earning interest by lending the stablecoin, by trading in the governance tokens (for example, the Q DAO in its ecosystem of stablecoins and MKR in the MakerDAO ecosystem) on exchanges like BTCNEXT and also by speculating on the price of Bitcoin and other top cryptocurrencies that are backing the stablecoin.
Taking the example of the Q DAO ecosystem, you can open a Collateralized Debt Position (CDP). The Q DAO system allows you to deposit Bitcoin as collateral and draw USDQ or KRWQ against the amount of crypto deposited. Here, the collateralization ratio is kept above a minimum of 166% to avoid liquidation of the CDP. You can now lend out the borrowed USDQ or KRWQ at the prevailing interest rate. You can withdraw your original USDQ or KRWQ (plus the interest) and close the CDP.
Once you have drawn your USDQ or KRWQ by opening a CDP, you might speculate that Bitcoin, for instance, is going up, so you can buy more Bitcoin with that USDQ or KRWQ then. What you are doing here is essentially investing on margin, while leveraging the original investment (for example, $166) into 266$ worth of Bitcoin.
Now, if BTC doubled in value, the collateralization ratio for your CDP would go up to 332%, meaning you could actually draw an additional 100 USDQ or KRWQ which would reduce the ratio again to its minimum of 166%. You also have the option of book profits from the gains that you made when you purchased extra BTC and buy back 100 USDQ or KRWQ at the lower price and use it to close the CDP and release your original BTC investment.
Finally, you can gain profits by holding Q DAO tokens that govern the entire ecosystem. The holders of the Q DAO tokens (also called governance tokens) have the responsibility of voting on administration issues. All holders of governance tokens participate in the votes on potential adjustments to risk parameters. In this way, they act to deliver democracy-driven management for agile and effective risk management of the platform. More importantly, Q DAO token holders help in the continuous administration of the entire stablecoin ecosystem with consensus.
About BTCNEXT
BTCNEXT 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.
About Platinum Q DAO Engineering.
Platinum 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 USD 200 million 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 much 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.
Visit the website for the latest updates on USDQ and KRWQ stablecoins. Join the official English, Japanese or Korean Telegram chats and get regular updates on events and development. You can also join the official Line or officialKakao Talkto ask questions in Japanese and Korean directly to the Platinum Q DAO management team.
# Q DAO diary { dev.day: 417, Chapter#3 IEO in 4 days, QDAO: $36.3 }
# BTCNEXT diary { dev.day: 309, daily volume ~$13500k, 22 coins listed, IEO count "4", BNX price $1.71 }
