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Topic: USSD (Autonomous Secure Dollar) - Unfreezable, Multi-Backed by Crypto Stablecoin (Read 786 times)

copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)
Hello Bitcointalk community!

I'm here with great news! The new version of Autonomous Secure Dollar was deployed on Arbitrum (12 March 2024). Now, the contract is immutable and has been audited by Hacken with a 9.3 score.

I'm so proud and excited! Please, do your own research, read more about us, and review the audit report.

All information and links were added at the beginning of this thread.

copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)
I saw here a program to increase liquidity on the DEX. And there are any investment portfolios on deposits? That is, I am ready, for example, to swap and invest 10k USSD with guaranteed interest. I think it will push and expand the community of this label.
And another question about your NFT. When will there be sales?

Hello! Thank you for your enthusiasm and input on improving liquidity. We appreciate your feedback and have taken it to heart. We're actively working on developing a smart contract that will ensure guaranteed interests for liquidity providers. This smart contract will enhance the transparency and security of our reward system. We're also exploring other reward-based initiatives that will be based on locked smart contracts to provide even more opportunities for our community. Your support and ideas are invaluable in shaping the future of USSD!
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space
Together with USSD

More and more transactions in which it is used Autonomous Secure Dollar (USSD).



*this picture is clickable
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space
Together with USSD

In any project there are always those who are major investors. It is they who set the direction of price development.



*this picture is clickable
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space
Together with USSD

We are pleased to inform you that the NFT collection has received verification from Rarible. And today we present a new, fourth NFT.

This NFT is for Telegram and Discord followers of the USSD project.



*this picture is clickable
legendary
Activity: 2674
Merit: 1138
I saw here a program to increase liquidity on the DEX. And there are any investment portfolios on deposits? That is, I am ready, for example, to swap and invest 10k USSD with guaranteed interest. I think it will push and expand the community of this label.
And another question about your NFT. When will there be sales?
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space
Together with USSD

This NFT is dedicated to bloggers, who to do the part to the promotion of the USSD project.



*this picture is clickable
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space
Together with USSD

Trading any asset on the exchange provides the opportunity to buy it in any quantity. This NFT is issued for the event to increase the liquidity pool.



*this picture is clickable
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space


USSD - Autonomous Secure Dollar opens its own NFT collection to its followers. Meet the Together with USSD collection!
Tokens will be free distributed of users for their contribution to the development of the project.
The Limited Edition NFTs will be released in the following categories:

  • Trading
  • Blockchain
  • Community
  • Media
  • Holding

And now the first NFT... Early Bird. In every case, there are always those who joined first. They are called "Early Bird". Our travelling will be unforgettable!



*This picture is clickable
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space


🚀 Earn Up to 60% Annually with USSD - Risk-Free! 🚀

Rewards for Adding Liquidity on Uniswap:

- WBGL (bep20): Earn 1% monthly 💸
- USSD (bep20): A whopping 5% monthly! 🌟

Note: This offer is exclusive to the first $30k liquidity for both WBGL and USSD. Rates might be revised after this cap is reached.

How to Participate?

1. Purchase Tokens: Buy WBGL and USSD on Uniswap BNB Smart Chain.You can also purchase WBGL on Pancakeswap: Pancakeswap Link.
    - WBGL Address: 0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
    - USSD Address: 0x19a23fEA27B1d845a334DFAADb5e54FAd7cdcE74
2. Add Liquidity: Use the Uniswap Liquidity Pool Link
3. Initiate Position: Click "New Position".
4. Select Tokens: Choose WBGL for the first pair and USSD for the second using the addresses provided above.
5. Choose a 0.3% commission fee.
6. Click “Full range”.
7. Determine Amount: Decide the quantity of USSD and WBGL you wish to add or simply click "max".
8. Click "Approve WBGL", then "Approve USSD". Sign the transaction in your wallet.
9. Next, click the "Preview" button.
10. In the subsequent window, click “Add” and sign the transaction.

After a month, you'll automatically receive your USSD interest directly in your wallet!

Manage and check your liquidity pairs here: Uniswap Pools

Bonus: We'll compensate for any slippage you experience during your USSD purchase. Just send your transaction to @davidlee256 on Telegram, and we'll dispatch the USSD to you.

Seize this golden opportunity! Dive in now! 🌊

source https://t.me/ussdtalk/2969
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space


Together with our USSD partner, we are launching a new loyalty program

All NFT holders from the Bitgesell Road collection will be rewarded with USSD stable tokens in Binance Smart Chain

Rewards amounts:
1 USSD for NFT owners COMMON rank
2 USSD for NFT owners SPECIAL rank
3 USSD for NFT owners RARE rank

Payments will be made to both current NFT holders and new ones, just remind me when you join

Everything is just beginning!
copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)

With the total supply of 7k tokens, I can only say good luck to your ambitious project. Many projects faces challenges in the beginning and saw slow adoption. Current market sentiment and strict regulation in stablecoin caused the loss of market cap of several top-class stablecoins. People are redeeming their stablecoin into fiat currency in fear of being trapped down. I hope your project will be able to overcome all of these difficulties.

BTW are you guys running any campaigns in bitcointalk? I would like to promote your project as much as i can.

Thank you so much for the kind words! Yes, we are progressing, albeit at a measured pace, with our primary focus on developing impeccable code. If you have any suggestions or ideas, please share them with us directly through messages or, better yet, drop us an email at [email protected].
copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)

1. What trading pairs with USSD are you planning?

Currently, USSD is available on Uniswap and can be acquired using any coin, with a primary focus on DAI. While we might consider other popular coins in the future, our main attention is on DAI for now.


2. Wouldn't listing a stablecoin on a Centralized Exchange (CEX) present challenges due to the anonymity of your team? Do you plan to solely rely on Decentralized Exchanges (DEX)?

Indeed, the anonymity of our team may complicate listing on a CEX. Nevertheless, we're confident that DEXs can meet all our needs.


3. CoinMarketCap (CMC) shows a contract number for USSD, but the displayed logo doesn't match yours. Is that your contract?

That's intriguing. We did reach out to CMC, but given our current market cap, we don't meet their criteria. Once we surpass $200k, we intend to list USSD properly.


4. Will the primary liquidity pool be paired with DAI?

Yes, our main liquidity pool will be paired with DAI, as USSD is currently pegged to DAI.


5. If a flaw is discovered in the DEX code and a hacker exploits it, what could potentially occur?

Our team is committed to crafting a resilient smart contract. We've recently completed a second audit with a renowned, albeit anonymous, smart contract firm due to KYC considerations. While more audits are on the horizon, we, like many in the crypto industry, cannot guarantee perpetual immunity from all potential threats.

copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)
Hello dear community!

USSD is our innovative stable coin, autonomous and backed 10x by crypto. Here are some quick guides for everyone:

1. Rebalance: Check out [How to do Rebalance of USSD](https://www.notion.so/f3100c59122e46e4bcb172f4247a6955?pvs=21). Rebalancing ensures that USSD's collateral remains stable, keeping its peg at 1 DAI.
2. Minting: Want to create new USSD using DAI? Here's the [Guide on How to Mint USSD for DAI](https://www.notion.so/0cffa2685b9349cfbe2901a54b00f2d0?pvs=21).
3. Liquidity: Discover [How to Add Liquidity to the USSD on Uniswap](https://www.notion.so/7f48410709e44335a18a268238a85f78?pvs=21). Boosting liquidity ensures smoother trades and lesser price slippage for everyone.

Let's work together to make USSD a success! 🚀🌍
full member
Activity: 504
Merit: 212

Do you have any audit report from sherlock team. It should be publicly available in the website so that there won't be any lack of transparency regarding audit outcomes and how you fixed the issue.

Certainly! The audit report from the Sherlock team is publicly accessible for everyone to review. Here's the link https://github.com/sherlock-audit/2023-05-USSD-judging/issues. We are dedicated to transparency and have detailed how we addressed any issues identified in the report.

You have said there will not be any governance because it will weaken the autonomy but i believe it will be an issue in the future. Locking the code and make it immutable will enhance the security but it will sacrifice the adaptability in the changing market conditions.

We appreciate your perspective. Our standpoint is rooted in the belief that genuine decentralization can only be realized by locking a contract. While DAOs can offer some advantages, they can also be susceptible to manipulation. It's the same for even major networks like Ethereum and Bitcoin. Our goal is to design an architecture that is both optimal and straightforward.


Solely depends on saving and donation will not be sustainable in the long run. What will happens to the project if team spend all of its savings and donation funds and there is not left over to spend more? I think this is the biggest issue for the project.

We understand the concern. Our commitment through savings is our token of dedication to the crypto community. If the USSD project resonates with the community's needs, we trust that users will champion it. We are confident in USSD's potential as a remarkably secure stablecoin. Its foundational principles of radical over-collateralization, complete autonomy, and resistance to bans lend it unparalleled value in our view.

With the total supply of 7k tokens, I can only say good luck to your ambitious project. Many projects faces challenges in the beginning and saw slow adoption. Current market sentiment and strict regulation in stablecoin caused the loss of market cap of several top-class stablecoins. People are redeeming their stablecoin into fiat currency in fear of being trapped down. I hope your project will be able to overcome all of these difficulties.

BTW are you guys running any campaigns in bitcointalk? I would like to promote your project as much as i can.
copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)

Do you have any audit report from sherlock team. It should be publicly available in the website so that there won't be any lack of transparency regarding audit outcomes and how you fixed the issue.

Certainly! The audit report from the Sherlock team is publicly accessible for everyone to review. Here's the link https://github.com/sherlock-audit/2023-05-USSD-judging/issues. We are dedicated to transparency and have detailed how we addressed any issues identified in the report.

You have said there will not be any governance because it will weaken the autonomy but i believe it will be an issue in the future. Locking the code and make it immutable will enhance the security but it will sacrifice the adaptability in the changing market conditions.

We appreciate your perspective. Our standpoint is rooted in the belief that genuine decentralization can only be realized by locking a contract. While DAOs can offer some advantages, they can also be susceptible to manipulation. It's the same for even major networks like Ethereum and Bitcoin. Our goal is to design an architecture that is both optimal and straightforward.


Solely depends on saving and donation will not be sustainable in the long run. What will happens to the project if team spend all of its savings and donation funds and there is not left over to spend more? I think this is the biggest issue for the project.

We understand the concern. Our commitment through savings is our token of dedication to the crypto community. If the USSD project resonates with the community's needs, we trust that users will champion it. We are confident in USSD's potential as a remarkably secure stablecoin. Its foundational principles of radical over-collateralization, complete autonomy, and resistance to bans lend it unparalleled value in our view.
legendary
Activity: 2744
Merit: 1706
bitgesell.fun & bitgesell.space
A few of my questions:

1. What trading pairs with USSD are you planning?

2. Wouldn't it be a problem to listing a stablecoin to CEX due to the anonymity of the team? Or will you only DEX use?

3. CMC has added the contract number to its resource, but it's not your logo there. Is that you?

4. Will the main liquidity pool be stored in a pair with DAI?

5. If a flaw is found in the DEX code and a hacker takes advantage of it, what kind of event is possible?

6. Where will the redeemed collateral tokens be stored?
full member
Activity: 504
Merit: 212
There is something that i am still not convinced and not sure how it will be handled in the future.


1. Could you elaborate on the scope and thoroughness of the Sherlock team's audit?
Sherlock's audit is renowned for its meticulous examination of smart contracts. Our code underwent a rigorous review, resulting in 900+ suggestions from 70+ Sherlocks. We're also preparing for another anonymous audit with a prominent auditor, in which we're implementing a three-iteration review system. Ensuring code safety is our priority, and we're open to further audits if necessary.

Do you have any audit report from sherlock team. It should be publicly available in the website so that there won't be any lack of transparency regarding audit outcomes and how you fixed the issue.

3. Will you elaborate the way of making governance decision? How are you going to face the governance voting manipulation?
We believe governance could weaken autonomy, so we plan no governance. Once we ensure the code is safe and optimally functioning, we will lock it up and make it non-upgradable. Thus, even if the founders disappear, the stable will continue to operate.

You have said there will not be any governance because it will weaken the autonomy but i believe it will be an issue in the future. Locking the code and make it immutable will enhance the security but it will sacrifice the adaptability in the changing market conditions.

5. As a non-profit entity, how are you going to maintain the project's operational cost?
The USSD project will be supported by our savings and donations. Once the contract is non-upgradeable, operational costs will be negligible, with the community and users covering necessary expenses.

I'm here to answer any further questions you might have!  Smiley

Solely depends on saving and donation will not be sustainable in the long run. What will happens to the project if team spend all of its savings and donation funds and there is not left over to spend more? I think this is the biggest issue for the project.
copper member
Activity: 13
Merit: 24
CEO of USSD (Autonomous Secure Dollar)
We have seen overcollateralization stablecoin protocol but extreme overcollateralization is something new. Overcollateralization is a way that many stablecoin protocol uses to maintain its peg and stability but with a collateral to capitalization ratio of more than 10x what you are going to achieve? How this will get extra benefits to the protocol i do not understand. Other overcollateralization protocol maintain a standard capitalization ratio but i do not know if any protocol even has 2x. The projects commitment to autonomy will prevent any kind of 3rd party involvement of manipulating the protocol. Furthermore operate as a non profit organization and offer the code as open source gives the project transparency and trust.

But i have some concern that i need answer to:

1. The Sherlock team's audit is well recognize in the industry but could you elaborate on the scope and thoroughness of the audit?

2. How will you manage the risks associated with BGL's small capitalization and deflationary nature?

3. Will you elaborate the way of making governance decision how you are going to face the governance voting manipulation ?

4. In a competitive stablecoin market what strategy you are going to use for marketing? 

5. As a non profit entity how you are going to maintain the projects operational cost?



Sure, I'll condense the answers and put the corresponding questions before them:

1. Could you elaborate on the scope and thoroughness of the Sherlock team's audit?
Sherlock's audit is renowned for its meticulous examination of smart contracts. Our code underwent a rigorous review, resulting in 900+ suggestions from 70+ Sherlocks. We're also preparing for another anonymous audit with a prominent auditor, in which we're implementing a three-iteration review system. Ensuring code safety is our priority, and we're open to further audits if necessary.

2. How will you manage the risks associated with BGL's small capitalization and deflationary nature?
We mitigate potential risks through diversified collateral - BGL, BTC, ETH, and DAI. This mix, combined with USSD's over-collateralization design, reduces single asset risk and buffers against extreme volatility. BGL's deflationary nature can potentially boost the collateral base as its value increases over time.

3. Will you elaborate the way of making governance decision? How are you going to face the governance voting manipulation?
We believe governance could weaken autonomy, so we plan no governance. Once we ensure the code is safe and optimally functioning, we will lock it up and make it non-upgradable. Thus, even if the founders disappear, the stable will continue to operate.

4. In a competitive stablecoin market, what strategy are you going to use for marketing?
Our strategy prioritizes user education about USSD's unique benefits. We will leverage influencers and social media to spread our vision and focus on attracting crypto-savvy individuals who value decentralization and distrust centralized authorities.

5. As a non-profit entity, how are you going to maintain the project's operational cost?
The USSD project will be supported by our savings and donations. Once the contract is non-upgradeable, operational costs will be negligible, with the community and users covering necessary expenses.

I'm here to answer any further questions you might have!  Smiley
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