Quote from: maxcarjuzaa on September 04, 2019, 01:19:46 PM

Quote from: omone1 on August 30, 2019, 12:03:55 PM

I will follow up this project and see how it goes, I can only wish the team a good success. Another project has a similar mode the USDQ Plantinum-QDAO. Technology is innovative and keeps evolving.

Thanks for your question, I am Max, cofounder of MoneyOnChain

According to their white paper the model of QDAO is the same as maker DAO, we have a different model. One of the main differences is that in our model the peg is guaranteed by the smart contract.

Another difference is that we have different actors with different needs interacting in the ecosystem.

For example,

Alice is a long term bitcoin holder willing to earn a passive income in her bitcoins, so she buys the BitPRO, the BitPRO gives Alice a passive income in her bitcoins and a little bit of leverage, that means that in the long term, when the price of bitcoin goes UP Alice will have more Bitcoins.

Bob Needs a fix amount of USD to buy a new car next month, so Bob sends the equivalent amount of usd in bitcoin to the smart contract to buy the stable coin. He does not need to put any collateral, he simply sends the amount of dollars in bitcoins he needs to the smart contract and gets that amount in DOC, (Dollar on Chain) our first stable asset.

Dave is a trader, he thinks the price of bitcoin will go UP, so he buys a leveraged long position using the platform and pays an interest for that leverage

So now Dave is assuming most of the risk, Alice is earning the interest that Dave pays and Bob has the stability provided by the system

In the following weeks we are going to open our first alfa product on the RSK testnet

Stay tunned

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper