USTX: transparency and risks


One of the main risks for an early token/coin adopter is being scammed by the team proposing the project. For this precise reason our main goal has been from the beginning to build a trustless and decentralized system. That’s why the smart contracts will manage most of the token and DEX operation autonomously. The team will not be allowed to tamper with the contract parameters outside predefined levels, hard coded in the contract code and visible to anyone, because the code is open source.

Another risk related to traditional DEX based systems is rug pull, where the owner of the currency removes all the liquidity from the trading pool, usually after having created a lot of hype on social media. The USTX DEX contract does not implement any function to withdraw the stablecoins liquidity form the pool.

Smart contracts are very powerful systems that enable the implementation of transactions between individuals without relying on trust on each part involved. This is true if the contract itself is built without malicious intent. That’s why all USTX contracts have been audited to make sure that no security risk or fraud will be possible, before going into mainnet and before the launchpad begins.

Another important aspect from the user point of view is the possibility to know the internal reserve level, to make sure that the token value is actually backed by the expected amount of collateral. Stablecoins backed by FIAT use external auditors to certify the amount of reserve currency. Since USTX DEX internal reserves are all TRC20 contracts and everything happens on-chain, all the user needs to do is visit the Tron blockchain explorer and look at the balances in the DEX contract. Everything is in plain sight and impossible to be tampered.

The smart contracts have be audited by an independent third party to ensure that they work as designed.


The smart contracts implementation, while done at the best of the team possibilities, will carry a residual risks due to undiscovered bugs. The contract have been audited by a third party after private and comnunity testnet debugging sessions, but 0% risk is not possible.

Another risk derives from reserve tokens in the DEX. Having a multiasset reserve reduces this risk, but does not eliminate it. The DEX functionality depends on USDT, USDJ, USDC, and TUSD, which are not under the team control. If anything happens to one of those tokens there could be negative impact on the DEX functionality and consequent loss of value, even if the contracts allows to reduce negative effects.

Each participant should consider all the risks, the ones stated above and those that generally apply to community projects in the cryptoverse.

DYOR before participating to this project.




USTX: a TRC20 token, traded in a multiasset DEX with algorithmic reserve burning and minting: consistent growth, reduced drawdown!

Love podcasts or audiobooks? Learn on the go with our new app.

Colexion and FireStarter

Liti Capital Raises Strategic Investment and Joins Forces with GDA Capital to Revolutionize…

openANX Market Infrastructure

The Token Economy: Don Tapscott interviews Citizen Hex

Friktion enables Cross-Chain deposits from Ethereum and Avalanche


Ethereum 2.0 is coming — Here is what you need to know


Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
USTX Project

USTX Project

USTX: a TRC20 token, traded in a multiasset DEX with algorithmic reserve burning and minting: consistent growth, reduced drawdown!

More from Medium


Usman MustaFai :

DIMO — A Decentralized IOT Project with Great Potential

BFIC — One Coin to Outperform Them All: BTC, ETH, BNB, SOL