# Q DAO diary {dev.day: 360, round: 0, 3 days until IEO#1, Q DAO price: $n/a } # BTCNEXT diary { dev.day: 259, daily volume ~$610k, 25 coins listed, IEO count "1", BNX price $n/a } Platinum Q DAO Engineering is thrilled to announce the Initial Exchange Offering (IEO) of Q DAO, the governance token of the Q DAO ecosystem, on BTCNEXT exchange! Platinum Q DAO Engineering is a global hi-tech leader rendering IEO and STO listings, advisory, legal, and marketing services to blockchain companies. BTCNEXT is a fast-growing spot and margin trading platform designed for both fresh and professional traders. The exchange provides the following services: spot trading, margin trading, IEO launchpad, OTC trading, and many others. BTCNEXT is focused on 24/7 responsive customer service and seeks to build trust relations with all users. The first round of Q DAO IEO is planned to take place on BTCNEXT on June 1, 2019. The anticipated IEO will involve the distribution of 51% of Q DAO tokens (509,999.49 Q DAO tokens), representing the governance and utility tokens of the ecosystem of stablecoins pegged to various national currencies and backed by Bitcoin (as well as another top 10 digital assets in the near future). The distribution will be carried out in 10 rounds. Each round starts on the 1st day of every month in the course of 10 months (from June 1, 2019, up to March 1, 2020). The company will distribute: 30% tokens via IEO (all tokens will be unlocked) 70% tokens via OTC desk (all tokens will be locked for certain periods) Q DAO is an international governance and utility token called upon to maintain the stability of a whole family of stablecoins: USDQ, KRWQ, JPYQ, SGDQ, HKDQ, CNYQ, and RUBQ. The cryptocurrency market is prone to high volatility. The Q DAO ecosystem stablecoins are able to solve this problem. They will use Bitcoin and later other top 10 cryptocurrencies as collaterals to back their prices and maintain their pegs in relation to fiat currencies. For example, the USDQ price will always try its best to stay at USD 1 in spite of any market fluctuations. Other stablecoins will follow the same scenario. “Our team is so excited to launch the Q DAO IEO on BTCNEXT. It’s a huge step forward. BTCNEXT has already conducted two successful rounds of PDATA IEO and is ready to reach another milestone. At Platinum Q DAO Engineering, we’re confident that the IEO model will offer wide advantages to both Q DAO and the exchange making the launching process smoother and easier. We sell Q DAO tokens to finance the project and implement all our plans targeted at stabilizing the market and allowing people to trade safely,” the Platinum Q DAO Engineering team stated. The Q DAO tokens will give their holders voting rights and a chance to manage the ecosystem by making important decisions on risk management, business logic, and system changes. Their decisions will help to improve the ecosystem and bring it to the next level. In addition, the Q DAO tokens will be used by the holders to pay fees when they want to exchange their stablecoins into other virtual money locked as collateral. About Q DAO Q 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, CNYQ, and RUBQ under the Q DAO brand. Fully anonymous, the Q DAO ecosystem stablecoins limit out of this legacy world. 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 $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 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. For more information about Platinum Q DAO Engineering, visit their official website. Visit now Official Telegram chat to learn about the latest development hacks. Dive in Official Kakao Talk  to ask questions in Korean directly to Platinum Q Dao management team.