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 <h1>USDq Treasury</h1>
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<font size=6>USDq Treasury</font>
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1. <a href="/index/blockexplorer.html?asset=229">USDq</a>, a token created on Qora blockchain, asset ID 229. <br><br>
2. Token description : "IOU USD, for ok app use only." IOU = I owe you, "ok" is abbreviated from my name, it means USDq just a personal record for IOU, and for support the blockchain usage and services only. You know me, so you lend me money, It's basic. <br><br>
3. Token created by account : <a href="/index/blockexplorer.html?addr=QQ2ijixLLGg6Bic5ho1Q1uM5nDdN7PEujQ">QQ2ijixLLGg6Bic5ho1Q1uM5nDdN7PEujQ</a> Treasury account, all newly created tokens in the Treasury account have not yet been circulated, so they currently have no usage value.<br><br>
4. The usage of Circulated USDq : just an personal IOU record, a digital version of note. <br><br>
&nbsp;&nbsp;&nbsp;&nbsp; At present (this html file update time), there are only <a href="/index/blockexplorer.html?top=allnotzero&asset=229">1193.2</a> USDq in circulation. (The amount will be updated from time to time.)<br><br>
5. Okchai will place a spot trade transaction on Qora DEX, using the <a href="/index/blockexplorer.html?asset=229&asset=0">Qora-USDq</a> pair, to buy back the agreed amount of USDq with Qora as determined by the lender and borrower. Uncertainty can affect everyone, the willingness to buy USDq at the spot trade is a security measure in case USDq has no other use, so, Please keep in touch with okchai(me) to ensure the USDq is still usable.<br><br>
6. How can we ensure the IOU status is good? Okchai offers the ownership of two tokens for auditing purposes. <br><br>
A) USDC in Coinbase account. <br><br>
<img border="0" src="https://yawti.com/pics/usdcstake.png"  width="350"><br>
Current status : Good<br>
[Total amount of IOU USDq] < [okchai's Coinbase account USDC balance] <br>
At Coinbase, USDC earn 5.15% APY, for USDq token holder, I(okchai) can return part of the rewards in Qora or Timah tokens.<br><br>
B) NPH in privacy Beam blockchain. <br><br>
<img border="0" src="https://yawti.com/pics/nphstake.png"  width="70%"><br>
Current status : by USDC<br>
[Total amount of IOU USDq] < [okchai's NPH balance] <br>
At privacy Blockchain, keep NPH in stability pool can earn BeamX, for USDq token holder, I(okchai) can return part of the rewards in Qora or Timah tokens.<br><br>
7. Use Qora asset tokens as a way to promote the Qora blockchain.<br><br>
  




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By <a href="/index/blog.html?blogname=okchai"> <b>okchai</b> </a> 2024.
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