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FAQ

Is USTX a token or a coin?

USTX is a token implemented using a TRC20 smart contract deployed on the Tron blockchain. It leverages all the underlying features of the Tron network, like low fees, DPOS, low environmental impact.

How can I get USTX?

USTX can be obtained by exchanging USDT, USDJ, TUSD, USDC (TRC20) on our DEX. There will be a launchpad phase, where a finite amount of USTX will be offered at a fixed price: Round 1 will offer 10M tokens at 0.01USDT, Round 2 will offer 10M additional tokens at 0.012USDT. After launchpad, the USTX tokens can be exchanged on the DEX, at market price, starting at 0.015USDT.

Other decentralized and centralized exchanges will be added in the near future.

What do I need to get USTX?

  1. USTX is fully supported by Tronlink and Klever wallets
  2. USDT (or USDC, USDJ, TUSD) to exchange for USTX
  3. a few TRX to pay the network fees (45TRX should cover the fees for a purchase).

How to get TRX?

To get TRX you need to exchange some other tokens or fiat currency for TRX and send it to your Tron wallet address. The easiest way is through an exchange.

How to get USDT (or USDC, USDJ, TUSD)?

To get the stablecoind needed to purchase USTX you can use an exchange that supports sending to TRC20 addresses. Another very easy way, if you already have TRX in your wallet, is to use SunSwap (or another DEX) to swap TRX into USDT (or USDC, TUSD, USDJ) on-chain.

What are the fees?

When dealing with smart contracts, ERC20, BSC20, TRC20 you need to know that there can be two kinds of fees: network fees and contract fees.

For USTX the network fees are very low, typically lower that 35TRX (about 3.5$ at the time of writing), Furthermore, this fees can be lowered by harvesting Energy and Bandwith by freezing TRX.

Contract fees can vary depending on the project stage. During launchpad there are no fees, if the user sells 100USDT in Round 1, he’ll get 10000USTX in return. After launchpad, during normal DEX operation there will be no fee when buying and 1% fee when selling. There are no contract fees for token transfers.

What is Tron Energy and Bandwidth?

Bandwidth points (BP) refer to the number of bytes available to an account for sending transactions. An active account can receive 1,500 BP for free every day. Users with frequent transactions need to freeze TRX for extra bandwidth points. If a user’s bandwidth points are insufficient, the system will consume a certain amount of TRX as the handling fee to execute the transaction. For newly-created TRON accounts that haven’t been activated yet, a random amount of TRX needs to be transferred from another address to the account in order to view the current Energy and bandwidth points on the Resources page.

Energy refers to the CPU resources consumed when running smart contracts. Similar to bandwidth points, Energy can also be obtained by freezing TRX, but accounts will not receive free Energy every day. Using DApps consumes Energy. Users can also directly spend TRX to offset the Energy (or bandwidth points) consumed when making a transaction.

Bandwidth points can be obtained from freezing TRX, and the amount of bandwidth points received = TRX frozen for bandwidth points / total TRX frozen for bandwidth points on the TRON network * 43,200,000,000. In other words, all users share a fixed amount of bandwidth points in proportion to the amount of TRX they freeze.

Energy can only be acquired from freezing TRX, and the amount of Energy received = TRX frozen for Energy / total TRX frozen for Energy on the TRON network * 50,000,000,000. In other words, all users share a fixed amount of Energy in proportion to the amount of TRX they freeze.

Notes:

  1. Only after three days can TRX frozen be unfreezed. TRX frozen for different resources can be unfreezed separately, yet with a minimum requirement of three days.
  2. After unfreezing, the corresponding TP, bandwidth points (or Energy) or other types of resources will be removed.
  3. You will receive 1,500 free bandwidth points every day.
  4. Executing transactions on TRON costs bandwidth points only.
  5. Executing smart contracts costs both bandwidth points and Energy.

Who owns the liquidity?

The contract owns and manages the liquidity. The owners cannot withdraw liquidity from the contract. During launchpad, 90% of the liquidity collected will be locked in the contract liquidity reserve, only 10% will be used to finance the development of the web page, DEX and other expenses, like contracts security audits.

What will be the reserve target level?

Launchpad completed Round1 and a part of Round2 and the reserve started at about 36% of the circulating market cap. The initial target will be set at 25%, leaving a good headroom for the first period of trading.

Is it true that USTX price can only grow?

Unfortunately, no! The USTX price is actively managed by the smart contract with the goal of reducing the price decrease during bear markets, thus reducing volatility and drawdown. But USTX is NOT a stablecoin. There is a compromise between growth potential and loss protection and since we want the value to increase over time, we need to be prepared also to some losses.

Is the whitepaper available in other languages?

Right now only English and Italian are available. Click here for the Italian version.

Is the USTX smart contract owned?

On November 7th the development team released control over the USTX smart contract after having managed it during launchpad and the first days after go live. At this time the USTX smart contract has 3 owners (it’s hard coded in the contract that at least 3 owners need to exist): two are dead addresses (the vesting contracts) and one is the DEX smart contract. So only the DEX has retained the authority to mint new tokens to manage the internal reserve level.

We want to give evidence of the operation that we did on-chain to release the ownership:

  1. contract creation (first admin added)
  2. added second admin (DEX contract)
  3. added third admin
  4. added fourth admin (12 months vesting contract)
  5. added fifth admin (6 months vesting contract)
  6. third admin renounce
  7. first admin renounce