Terra Luna Classic push up initiation for a system to repeg USTC to $1
In pursuit of restoring the stability and value of USTC to $1, a bounty of $250,000 is announced. The developer or developer group that creates a flawless system to re-peg USTC will receive the bounty
Terra Luna Classic community began discussing the creation of a perfect repeg system for the algorithmic stablecoin USTC. The community believes it's time to take action on the revival of LUNC and the repeg of USTC. An initial bounty of $250,000 has been proposed for the development of a flawless system to re-peg USTC to $1, with plans to offer more than $1 million.
Terra Luna Classic Bounty for USTC Repeg System
In pursuit of restoring the stability and value of USTC to $1, a bounty of $250,000 is announced. The developer or developer group that creates a flawless system to re-peg USTC will receive the bounty. A proposal has been presented that outlines the requirements, process, and expectations for this initiative.
"The primary goal is to design, develop, and implement a system that ensures USTC maintains its peg to the USD without the risks that led to the previous depegging event," said a community member, NB_Crypto.
The key requirements for the system are stability, security, transparency, decentralization, economic incentives, scalability, and interoperability. The initiative aims to create a secure and stable open-source decentralized system. In addition, the system must provide monetary incentives to maintain the peg, high throughput, and interoperability advantages.
