Autonomous Secure Dollar

Halal Rating :
Comfortable
Contract: 0x33C88D4caC6aC34F77020915a2a88cd0417dC069
Last Price $1.0 Last updated:
Rank 9424
1D Change 0.02 %
Market Cap -
Circulating supply 0
Maximum supply 122,171

Crypto Overview

Purpose and Utility

USSD is designed as an autonomous, over-collateralized stablecoin protocol aiming to maintain a 1:1 peg with the US Dollar. The protocol uses algorithms and smart contracts to manage collateral and maintain price stability.

Business Model

The protocol operates through smart contracts that manage collateral ratios and automated stabilization mechanisms. No interest-bearing mechanisms are involved in the core protocol. The system relies on overcollateralization rather than lending to maintain stability.

Real-World Adoption

USSD has seen limited adoption since its launch in 2023. The protocol faced significant challenges with its price stability mechanisms during its early days, leading to a temporary loss of its dollar peg.

Platform Development

The project maintains an active GitHub repository with ongoing development work. The team continues to work on improving the stability mechanisms and protocol security.

Token Distribution

The token distribution appears to be relatively decentralized, with no significant concentration among founders or early investors. There are no concerning vesting schedules that would indicate potential pump-and-dump schemes.

Rating Justification

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