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The Q DAO digital assets project is an alternative financial ecosystem that contains stablecoins with values pegged to global currencies like USD, JPY, KRW, HKD, SGD, etc. These stablecoins offer traders multiple benefits such as a stable currency to trade in and a virtual asset with low entry barriers and faster transactions.
The Q DAO stablecoin ecosystem is controlled by the QDAO governance token. This token allows holders to participate in the governance process, build consensus, and help in keeping the price of the stablecoins from falling into extreme volatility.
Scenario
Bounty programs are usually being run by crypto companies to attract a larger community. Such types of activities revolve around completing simple tasks and getting rewarded in the project’s native tokens. This is an excellent way for a startup to market new solutions and services.
However, bounty programs suffer from being haphazardly run. There is no single platform that utilizes all the features around the marketing campaigns of such a type. On the other hand, participants are complaining to non-receipt tokens even though they’ve completed tasks.
Business Requirement
The Platinum Q DAO Engineering team has received a request to create a unified and consolidated platform that offers a single point of contact for all bounty programs run within the Q DAO ecosystem.
The core challenge was to customize the solution within all the information related to past and currently running bounty programs, participants, their tasks, whether successful or not, and the number of tokens they accrued.
Solution
The Platinum Q DAO Engineering team created the USDQ Bounty Platform, where users by completing various tasks are rewarded with USDQ stable coin. It has been developed as a single source of all information about all bounty programs run within the Q DAO ecosystem.
The platform is robust and able to host more than 114,000 users which has processed more than 130,000 bounty tasks.