Regarding the activities and transformations planned by Mint Cash in August, the following is the information sorted out:

1. Plan to release internal demos and testnets

Time: Mint Cash plans to release internal demos and testnets in August. Importance: This step is an important milestone in the development of the Mint Cash project, marking its move from the technical development and proof-of-concept stage to the actual application and testing stage.

2. Make major transformations

Transformation content: Mint Cash will make major transformations to its architecture, white paper, partnerships and brand. Transformation purpose: These transformations are aimed at further improving the stability and security of Mint Cash, optimizing its technical architecture and business model, while expanding its partner network and brand influence.

3. Background information

The origin of Mint Cash: Mint Cash is an algorithmic stablecoin ecosystem based on the previous UST improvement. The most important improvement is to turn BTC into collateral instead of relying on LUNA. Mint Cash's airdrop mechanism: The airdrop mechanism was launched in the early stage of the project. The rule is that destroying a certain amount of USTC will give a corresponding number of new coins, which provides holders with up to 99% discounts and effectively reduces the market circulation.

Mint Cash plans to release an internal demo and testnet in August and undergo a series of major changes. These initiatives are designed to enhance the project's technical strength, stability, and security, while expanding its partner network and brand influence. As BTC consensus strengthens, algorithmic stablecoins based on BTC still have a lot of room for development. As a pioneer in this field, Mint Cash's future development is worth looking forward to.