#Main Page 
USDq Treasury
1. USDq, a token created on Qora blockchain, asset ID 229.
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.
3. Token created by account : QQ2ijixLLGg6Bic5ho1Q1uM5nDdN7PEujQ Treasury account, all newly created tokens in the Treasury account have not yet been circulated, so they currently have no usage value.
4. The usage of Circulated USDq : just an personal IOU record, a digital version of note.
At present (this html file update time), there are only 1193.2 USDq in circulation. (The amount will be updated from time to time.)
5. Okchai will place a spot trade transaction on Qora DEX, using the Qora-USDq 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.
6. How can we ensure the IOU status is good? Okchai offers the ownership of two tokens for auditing purposes.
A) USDC in Coinbase account.
Current status : Good
[Total amount of IOU USDq] < [okchai's Coinbase account USDC balance]
At Coinbase, USDC earn 5.15% APY, for USDq token holder, I(okchai) can return part of the rewards in Qora or Timah tokens.
B) NPH in privacy Beam blockchain.
Current status : by USDC
[Total amount of IOU USDq] < [okchai's NPH balance]
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.
7. Use Qora asset tokens as a way to promote the Qora blockchain.
By okchai 2024.