Thursday, June 1, 2023

TrueUSD Introduces Fountain Incentive Plan


TrueUSD, the first stablecoin that can be exchanged for US dollars one-to-one, launched its Fountain Incentive Plan earlier this month.

Incubators like this one can help projects. It has the potential to introduce $1 billion in TrueUSD and other digital assets to DeFi ecosystems.

This project is named Fountain. This is to convey the idea of a never-ending infusion of new energy. New energy into the DeFi ecosystems and initiatives with increased potential.

A strategic collaboration with the Fountain Incentive Plan will allow TrueUSD to support the ecosystem. It will also support other DeFi projects of other public chains. Also, It will encourage the development of excellent projects. To make the most of their unique skills, the TrueUSD team will create custom collaboration platforms. These platforms will be for a wide range of projects.

In addition to providing financial assistance, TrueUSD plans to implement a variety of other initiatives. This is to encourage ecosystems to work together. TrueUSD’s strategic allies will also help projects that want to join the TrueUSD ecosystem. It will help them get into the DeFi 3.0 age by providing them with the tools they need.

Furthermore, TrueUSD’s expansion plan includes a focus on decentralized trading platforms, as well as lending methods. In Curve, the TVL of TrueUSD has topped USD 41.5 million, while in PancakeSwap, the TVL has grown to USD 79.6 million. TrueUSD performed well on the TRON-based stablecoin trading platform, with its TVL exceeding USD 180 million, or 34% of the site’s total worth locked.

DeFi Group

Overall, FalseUSD has made over $88.5 million, with the AAVE protocol accounting for about 83.4 million dollars. TrueUSD’s development strategy is based on lending protocols and decentralized trading platforms. As of this writing, Curves’ TVL is at USD 41.5 million whereas PancakeSwap’s TVL stands at USD 79.6 million.

The TRON-based stablecoin exchange mechanism has worked just as well for TrueUSD as the USD-based one. This is with a TVL of more over USD 180 million. Total Value Locked is held by over a third of TrueUSD tokens (TVL).

In accordance with the Fountain Incentive Plan, TrueUSD will also work with other DeFi protocols to supply much-needed liquidity.

Beyond their current employees, they welcome the participation of premium tasks from other chains. This is in order to help take our DeFi ecosystem to its next level.

With partnerships and affiliations with banks and auditing firms as custodial funds and third-party validation of funds, TrueUSD provides its customers with a low-risk digital asset and investment. A major US accounting company, Armanino, conducts real-time audits to ensure the 1:1 dollar-to-token supply ratio and 100% collateral. The official website provides instant access to the results of the publicly known audit.

Miguel Garcia
Miguel Garcia
Miguel Garcia is a writer for Cryptoconstellation. Miguel has always been fascinated with Crypto. He has experience in Business and finance. Miguel loves sport cars and football.

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