TechFlow reports on September 17: According to official announcements, the decentralized stablecoin protocol Pure.cash has officially entered the public testnet phase, marking a significant milestone in the project's development. Concurrently with the launch of the public testnet, Pure.cash will initiate its Genesis Airdrop campaign, distributing the entire supply of 2 billion $PURE tokens to the community in a single event.
Pure.cash is a decentralized, delta-neutral stablecoin protocol built on Ethereum, integrating innovative long-only perpetual contracts with zero funding rates. Additionally, Pure.cash introduces a reverse issuance model where the maximum token supply is reached at the Token Generation Event (TGE), followed by continuous token burning. The protocol aims to ensure fair, community-driven distribution and sustained long-term token value appreciation through ongoing token destruction and equitable participation mechanisms.
