What Is UST UST is an algorithmic-backed stablecoin native to the Terra Ecosystem. It operates using a seignorage shared model with LUNA absorbing the volatility of the UST stablecoin. This model achieves stability through a mint-and-burn mechanism: When UST trades at >$1, 1 dollar of LUNA is burnt to mint 1 UST to increase the supply of…
Month: May 2022
Coinomo’s New and Improved Referral Program
We’re happy to announce our new and improved referral program launched in our latest app update. This promotion rewards our members when they refer new users to our platform. It’s simple! Give your friends your referral code and ask them to register and fill in this referral code. You and your friend will get a 100…