Happycoin.club – Representatives of the crypto community announced a $250,000 reward for solving the problem related to raising the price of the once stable TerraClassicUSD (USTC) to $1.
The price of USD (UST), which was later renamed TerraClassicUSD, collapsed in May 2022 due to the collapse of the Terra ecosystem. After the first crash, the price of the asset was increased several times and reached $0.016, but it is more than 98% lower than the figure recorded before the dump.
Quick update on TerraClassicUSD rate
Members of the Terra Luna Classic crypto community decided to take the restoration of the ecosystem seriously and invited everyone to try a bounty campaign aimed at finding a way to push the value of USTC to $1 .The person who comes up with an effective method will be awarded $250,000.
The TerraClassicUSD exchange rate stabilization system should:
- Safe;
- Stable;
- obvious;
- decentralized;
- Economically successful;
- Sleazy;
- Interactive.
The author of that system must provide a white paper that describes the method of linking the USTC price to $1, technical documents, study results and information about the implementation period of the project. If successful, TerraClassicUSD will once again become a stablecoin and, as the campaign’s authors hope, it will be protected from price fluctuations.
2024-08-18 15:03:00
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