According to official news from ChainCatcher, the decentralized stablecoin protocol Pure.cash has officially entered the mainnet public testing phase, which is an important milestone in the development of the project.
In conjunction with the launch of the public beta, Pure.cash will also be launching the Genesis Airdrop, distributing its entire supply of 2 billion $PURE tokens to the community at once.
Pure.cash is a decentralized, delta-neutral stablecoin protocol built on Ethereum, integrating innovative zero-funding, long-only perpetual contracts.
In addition, Pure.cash introduces a reverse issuance model, where the maximum supply is reached at the token generation event (TGE), after which tokens will be continuously destroyed. The protocol aims to ensure fair participation and long-term growth of token value by ensuring a fair and community-driven distribution, as well as a continuous token destruction mechanism.