QCash is a blockchain project initiated by QuickCash Network Pte. Ltd and headquartered in Singapore, QuickCash Network Pte.Ltd. QCash also has branches in Hong Kong. The project members consist of talents from all over the world, including blockchain, finance, internet, and big data. In the future, with the launch of the QCash main chain, governance will be fully transferred to the community-autonomous approach, forming an open, decentralised stable currency project ecosystem.
QCash also runs a CDP similar to Maker. The QuickCash Collateralized Debt Position (CDP) is a smart contract which runs on the Ethereum blockchain. It is a core component of the QC Stablecoin System whose purpose is to create QC in exchange for collateral which it then holds in escrow until the borrowed QC is returned. CDPs alter the total supply of outstanding QC, creating QC when new assets are leveraged and destroying existing QC when it is repaid to the position. This cycle of controlled minting and burning allows the contract to account for the total supply of the stablecoin, thus proving that the portfolio of backing collateral can always guarantee the value of circulating QC.
Complete the following tasks and you will receive 250 QC (â�� $36) and an extra 100 QC (â�� $14) for each friend you refer!
Be sure to join the official To