Bologna, Italy, March 8, 2022 (GLOBE NEWSWIRE)-Blockchain technology has proven to be an important development factor for the new economy. One of the main drawbacks of digital currencies is their high volatility. The crypto market is also cyclical in nature, with significant ups and downs during the cycle. Under these circumstances, crypto investors are looking for innovative, low-risk assets to protect their value over the long term. The Up Stable Token eXperiment (USTX) The project bridges the gap between Stablecoin and regular tokens, offering growth potential and low volatility.
The USTX algorithm is Project DEX Manage contract reserves according to market conditions. In the vast market, the price of tokens rises and the level of internal reserves rises. In recessive markets, smart contracts burn reserve liquidity to maintain prices and protect asset values. This behavior reduces volatility and allows for more consistent long-term growth. This makes USTX an ideal asset for payments and investments. The project is open source, independent and audited.
The graph above shows the behavior of the algorithm compared to standard AMMDEX using BTC historical data as input. It is clear that the red line (USTX) can achieve the same growth over time while significantly reducing drawdowns and protecting the investment value of users. It also reduces the risks associated with choosing the wrong entry point for your investment. With USTX, you don’t have to switch to Stablecoin during the bare market. This is a token optimized for all market conditions.
Spare table coins (USDT, USDC, TUSD, USDJ) provide the unique value of the token. Contract liquidity can be verified directly on the chain, eliminating the need for complex preliminary proof strategies. The project team has no control over liquidity and cannot withdraw liquidity under any circumstances.
The project started on the Tron blockchain in October 2021 and was listed on SunSwap and Coinsbit shortly thereafter. A recent addition to the USTX ecosystem is the staking platform released in January 2022. With multiple staking options and yields of up to 12%, it is highly appreciated by users. The TVL (Total Value Locked) of staking is 75% of the circulating supply, which is a very high value by any metric. The team has a very good relationship with many other DeFi projects and Kraftly.io, You can create NFTs that pay with USTX at Tron’s major NFT marketplaces. Price performance since launch is + 133%, while BTC’s price performance over the same period is -36%.
The project team is continually working to expand the utility, recruitment, and user base of tokens. With this goal in mind, USTX has decided to participate in the Tron Grand Hackathon 2022. This event, promoted by TronDAO, can bring new opportunities and accelerate the development of new applications at TRON and BTTC. USTX’s plan is to bring two notable additional features to the expanding ecosystem. Voting portal and cross-chain bridge.
Through the voting portal, stakeholders directly participate in the project’s most important strategic decisions and Community engagement.. Users appreciate the integration of the app with USTX DEX, and voting takes place on the chain. All proposals are managed by smart contracts and transactions do not require the user to pay.
Cross-chain bridges are the key to launching USTX on other blockchains and, as a result, increasing the user base. The bridge implementation focuses on giving users maximum control over the transaction process. Off-chain operations will be reduced as much as possible. After deployment, USTX can ideally be ported to EVM compatible blockchains such as BTTC, ETH, BSC, Polygon and Cronos. All blockchains use the lock / release method on Tron and mint / burn on the secondary chain to share the total supply of tokens. This allows USTX to become one token at one price and one supply across multiple blockchains.
Cryptographic experts, KOLs, and the Public Community Review Board will vote to determine the winner of the hackathon. Hackathon scores account for 30%, 30%, and 40%, respectively.Community reviewers vote transparently TRONDAO Forum From March 8th to 11th.
You can learn more about the project by following our social media channels: twitter, telegram, discord When Reddit..
Go to the website: https: //ustx.io/
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