Decentralized Stablecoin Protocol Pure.cash Launches Public Beta and Initiates Genesis Airdrop
London, UK, September 17th, 2024
Pure.cash, a trailblazing decentralized stablecoin protocol, is thrilled to announce the official launch of its public beta phase. This launch signifies a pivotal moment in the project’s evolution, as it opens up the platform to wider community participation. In conjunction with the public beta, Pure.cash has also initiated its highly anticipated Genesis Airdrop, distributing 100% of its 2 billion $PURE token supply to the community, fostering fairness and transparency from day one.
Decentralized Stablecoin with Zero-Funding Perpetual Futures
Built on the Ethereum blockchain, Pure.cash stands out as a fully decentralized, delta-neutral stablecoin protocol, integrated with unique long-only perpetual futures that feature zero funding fees. Unlike traditional stablecoin systems, Pure.cash employs a delta-neutral strategy, leveraging perpetual contracts to issue its stablecoin, PUSD. Backed by ETH and balanced with corresponding short positions, PUSD consistently maintains a delta-neutral status, maximizing capital efficiency while ensuring full crypto asset collateralization.
This dual functionality, where Pure.cash simultaneously issues the PUSD stablecoin and integrates a decentralized LongOnly perpetual contract protocol, sets it apart from competitors. This groundbreaking integration enables Pure.cash to achieve permissionless minting and burning of stablecoins, eliminating third-party custody risk and ensuring greater security and trust within the ecosystem.
Reverse Issuance Model and Deflationary Tokenomics
One of Pure.cash’s standout innovations is its Reverse Issuance Model (RIM), a deflationary token issuance mechanism designed to revolutionize the current mainstream tokenomics. The model’s unique feature is that the maximum token supply is reached at the Token Generation Event (TGE). From this point forward, tokens are continuously burned, decreasing the overall supply over time, which enhances long-term sustainability and value appreciation for the $PURE token.
The Fixed Price Burning Mechanism (FPB) further reinforces this deflationary approach. Under this model, Pure.cash sets a DAO-adjustable Burn Price and allocates 35% of all trading fees generated by the platform into the Burning Pool. This system allows any user to burn $PURE tokens and receive assets from the pool at a fixed price, ensuring the ongoing deflation of the token supply and a strong correlation between token utility and value. By continuously injecting protocol revenue into this burning mechanism, Pure.cash is able to provide a sustainable and community-driven economic model for its tokens.
Genesis Airdrop: 100% Airdrop to the Community at once
As part of its commitment to a community-first approach, Pure.cash has initiated the Genesis Airdrop, which distributes 100% of its 2 billion $PURE tokens all at once to the community. This distribution model is designed to promote fairness and transparency, aligning with the project’s ethos of empowering users and promoting decentralization, returning the crypto industry to its core principles.
With the launch of the public beta and the Genesis Airdrop, Pure.cash is embarking on an exciting journey to reshape the decentralized finance landscape. The project’s forward-thinking innovations, such as the Reverse Issuance Model and Fixed Price Burning Mechanism, demonstrate a strong commitment to sustainability, fairness, and community empowerment.As the ecosystem grows, the Pure.cash team is confident in its unique LongOnly perpetual contract product and revolutionary tokenomics.
To learn more about Pure.cash or participate in the Genesis Airdrop, users can visit https://pure.cash.
About Pure.cash Labs
Pure.cash Labs is dedicated to promoting the decentralization of infrastructure by building a secure, transparent, and scalable stablecoin ecosystem. Their mission is to revolutionize the DeFi landscape through cutting-edge technologies, including their decentralized stablecoin and perpetual contract protocols. By adhering to the core principles of the crypto community—openness, fairness, and transparency—they are creating a platform that empowers all users to participate equally. Users can join them in shaping the future of decentralized finance by becoming part of the Pure.cash ecosystem.
Email: marketing@pure.cash
Website: https://pure.cash/
X: https://x.com/purecash_labs
Medium: https://medium.com/@purecash_labs
Discord: https://discord.com/invite/pZzhahDQXa
Telegram: https://t.me/PURECASH_LABS
