It turns out that this is the second unsuccessful attempt by Do Kwon, the CEO of Terra creator Terraform Labs, to get an algorithmic stable coin: https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/ In 2020, Basic Cash, created on the Ethereum blockchain, turned out to be such a failed algorithmic stablecoin. It is obvious that this information will also be available to investors addressed by Do Kwan.