According to Foresight News, the decentralized stablecoin protocol Pure.cash has launched a public mainnet test and a Genesis airdrop, distributing its entire supply of 2 billion PURE tokens to the community at one time. In addition, Pure.cash has introduced a reverse issuance model, an innovative deflationary model. The core feature of this model is that the maximum supply is reached at the token generation event (TGE), after which the tokens will continue to be destroyed.
Pure.cash is a decentralized, delta-neutral stablecoin protocol built on Ethereum, integrating innovative zero funding rates and long-only perpetual contracts. The protocol aims to ensure fair participation and long-term growth of token value by ensuring fair and community-driven distribution and a continuous token destruction mechanism.