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Geneva will host the second Blockchain & Bitcoin Conference Switzerland

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Geneva will host the second Blockchain & Bitcoin Conference Switzerland
Source: Blockchain & Bitcoin Conference Switzerland

On October 9, 2018, Blockchain & Bitcoin Conference Switzerland will take place for the second time in Geneva, the European fintech hub. The event is dedicated to blockchain and cryptocurrencies uniting blockchain project developers, investors, analysts, financiers, specialists in marketing and legal support of business.

The event combines a conference featuring foreign experts and a demo zone where companies will present their products.

The team of Smile-Expo, the international event company, includes in the program of Blockchain & Bitcoin Conference Switzerland reports of international experts as well as bright representatives of the Swiss blockchain community.

Pioneer in financial technologies

Switzerland is a country with the developed banking system and great interest in fintech innovations. Today the country has its own “crypto valley” – the city of Zug, where a functional blockchain ecosystem has been developed and many famous projects are based, such as Ethereum Foundation, Monetas, Lykke.  Zug is known for several business accelerators and HSLU-I university that teaches blockchain specialists. Besides, one can use Bitcoin to pay for goods and services here and exchange it for fiat money in one of three Bitcoin ATMs. At the end of July, the voting via the eID system based on the distributed ledger will take place in Zug.

In 2018, Procivis startup has successfully tested and implemented the eID solution and a number of e-Government services. Now users can file tax declarations, register residence, and use passport services with their smartphones.

Furthermore, there are blockchain platforms for over-the-counter securities trading launched by major financial organizations in Switzerland. As for the business application of blockchain, 75% of Swiss companies plan to integrate the technology in the next three years (according to the report of PwC).

Results of the Previous Blockchain & Bitcoin Conference Switzerland

The first Blockchain & Bitcoin Conference Switzerland was held in February 2018. The event was visited by 300 participants, and 24 DLT-based companies introduced their developments in the demozone. Among the speakers – representative of CERN and an investor listed in Forbes 30 under 30.

As a result of the conference, 24% of visitors increased their brand recognition. The most significant result was the productive networking – 33% of attendees found new business partners and established cooperation at the event:

Conference in Switzerland gives an opportunity to meet global blockchain and cryptocurrency experts. It is a comfortable networking space, where one can exchange experience with companies that have already developed and implemented real-life blockchain-based solutions.  

The event will be interesting for:

  • specialists working in the field of blockchain and cryptocurrencies that want to receive new and relevant information firsthand;
  • those striving to build a career in the field of blockchain and cryptocurrencies;
  • entrepreneurs that plan to integrate decentralized technologies in their business.

Organizer



The event is arranged by the international company Smile-Expo, which has already successfully held 45 crypto events in 25 countries.

Now there are 50 last tickets for the conference with the reduced price! New price for one ticket – €400 €240! More information about the event and registration – on the official website.





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Press Release

What is USDQ and Q DAO?

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What is USDQ and Q DAO?
Source: Platinum Engineering

In this article, Slava Zheltov shares about USDQ, a unique decentralized stable coin that makes it easy to collateralize Bitcoin. As a Blockchain Architect at PLATINUM ENGINEERING, Slava acts as a full-stack front-end developer.

Within his team, Slava is known for impeccable track record regarding security and reliability in projects, which he’s contributed to. Read this article and start learning about a decentralization wave, currently disrupting stable coin.

The thought of your bitcoin and other cryptocurrencies fluctuating in value almost on a daily basis is a hard thing to accept. But fluctuation also affects regular money as we know it.

If we want cryptocurrencies to become the future of money it should solve the issue of volatility first. The USDQ Token is a proposal to stabilize crypto and transition it from being a speculative asset to a functional store-of-value.

Introducing USDQ

First and foremost, USDQ is a cryptocurrency stable token. Like Tether [USDT]. This essentially means that its price is stabilized or “pegged” to the US Dollar. The Q DAO platform, on the other hand, is a smart contract platform built on Ethereum. The smart contract mechanism used is referred to as Collateralized Debt Contract.

This cryptocurrency is supported by any Ethereum account and is also compatible by any smart contract developed to use the USDQ exchange function. It is more steady than most non-fiat currencies available on account of this mechanism of valuation.

Where does the USDQ value originate from?

The value of the USDQ stable coin is linked to the Q DAO smart contract platform using the Collateralized Debt Contract [CDC]. This means that anyone can choose to use their own assets, in this case, bitcoin [other top 10  crypto assets will be added in future], as collateral which works as a guarantee.

This is made possible by the smart contract platform. The collateral assets are locked after being deposited into the Q DAO smart contract platform and allows the owner to generate USDQ stable tokens in return while at the same time creating debt for the same owner.

This debt is necessary because it helps to maintain the collateral inside the smart contract until it is fully repaid by the amount of USDQ tokens it originally generated. When the repayment occurs then owners of the collateral can withdraw and receive their collateral back.

The ecosystem and economy of the Q DAO platform and USDQ Token directly links both of these to the amounts being used as guarantee or collaterals.

When more users request USDQ stable coins the total amount of Collateralized Debt Contacts [CDC] will increase along with it because it is the main way to obtain USDQ stable coins. This, in turn, increases the value of Q DAO tokens. These tokens are the last component of the USDQ ecosystem and they are Ethereum based tokens whose main use is to carefully manage the operations of the fund via means of a Decentralized Autonomous Organization [DAO] system.

This includes voting rights and the capability of enforcing decisions based on majority rules. This last part is essential to the supply and demand of the Q DAO tokens.

Inside the workings of a Q DAO transaction.

Step 1: Origin of the CDC smart contract and depositing collateral guarantees

To use Q DAO tokens a user must first send a request to the USDQ platform which initiates the CDС and its respective smart contract.

Whenever a user wishes to mint USDQ, they will be asked to collateralize an amount in Bitcoin that is higher than the loan’s value. As of now, this rate is 166%.

Step 2: Generation of USDQ Stable coins from the CDС smart contract.

The user then executes another request or transaction to the platform to retrieve the USDQ that was generated on the first step. The platform also jots down the debt that is generated by this user which is the amount in need of repayment to unlock the collateral guarantee. The guarantee is always higher than the USDQ stable coins made available for the user as a safety measure.

Step 3: User makes repayment of the generated debt.

When the user finally makes the repayment of the generated debt they gain full access to the locked collateral. There is also an accrued interest fee that is meant to be paid which is accumulated daily. This means that the Q DAO tokens generated initially are taken back and removed from circulation.

Q DAO Regulations

Since the entire operation has plenty of safety measures it is very self-regulated. Because all operations begin with any user having to provide collateral which will be lower to the amount of USDQ stable coins received it creates a dissuasive control to prevent fraudulent transactions.

Q DAO Projections

The Q DAO tokens are actually indicative of another type of cryptocurrency that is completely governed by smart contracts and economic mechanisms to influence its valuation more effectively. You should keep an eye on what the future holds for this cryptocurrency as it aims to become a pioneer in the industry of stable coins and cryptocurrencies alike.

USDQ is a decentralized stable coin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defenses against malicious acts and attacks.

First, run in the line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms and oracles for the high-endurance stable coin. Fully anonymous, USDQ breaks limits out of this legacy world.

PLATINUM ENGINEERING is always happy to share its latest development and architecture solutions, helping stakeholders to spread improvements across crypto projects. Being an expert company on the market, PLATINUM ENGINEERING has already helped 150 crypto startups, enabling them to efficiently raise funds and introduce blockchains to their business models.

With offices in Tokyo, Thailand, Russia, Belarus, and Korea, the team is always ready to have in-person meetings, focusing on how companies can leverage blockchain technology in order to meet their unique needs. The team welcomes readers to connect on Telegram, Facebook, or LinkedIn.

This overview may not be fully exhaustive and does not assess the viability of any project, nor its team legitimacy. Readers should conduct their own due diligence before using or investing in any of the listed Stablecoins.

This article represents the author’s opinions only and should not be considered investment advice. All described functionality in the article is still under development, it can be changed/processed. Please follow the updates.



Author Name

 

 

Sviatoslav Zheltov, IT Manager and Blockchain Architect in Platinum Engineering





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