Quick Cash, What is it?
QCash (QC) is a a stable coin that is pegged to the Chinese Yuan. QC is a digital currency. Like other digital currencies, QC can be used anywhere in the world, at any time. Unlike other digital currencies, QC is stable. It is issued through a mix of digital asset pledge guarantees or direct redemption. QC maintains a 1:1 anchor with the CNY.
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.
How do I claim the airdrop?
All you need to claim this airdrop is an Ethereum address!
Complete the following tasks and you will receive 250 QC (â�� $36) and an extra 100 QC (â�� $14) for each friend you refer!
- Start the QCash Telegram bot here.
- Follow the directions. They will ask for you ETH public key and your e-mail address.
- That's it! You can also refer friends to earn an additional 100 QC!
Be sure to join the official To