Quote from: DVlog on Today at 03:16:36 AM

We have seen overcollateralization stablecoin protocol but extreme overcollateralization is something new. Overcollateralization is a way that many stablecoin protocol uses to maintain its peg and stability but with a collateral to capitalization ratio of more than 10x what you are going to achieve? How this will get extra benefits to the protocol i do not understand. Other overcollateralization protocol maintain a standard capitalization ratio but i do not know if any protocol even has 2x. The projects commitment to autonomy will prevent any kind of 3rd party involvement of manipulating the protocol. Furthermore operate as a non profit organization and offer the code as open source gives the project transparency and trust.

But i have some concern that i need answer to:

1. The Sherlock team's audit is well recognize in the industry but could you elaborate on the scope and thoroughness of the audit?

2. How will you manage the risks associated with BGL's small capitalization and deflationary nature?

3. Will you elaborate the way of making governance decision how you are going to face the governance voting manipulation ?

4. In a competitive stablecoin market what strategy you are going to use for marketing?

5. As a non profit entity how you are going to maintain the projects operational cost?

Sure, I'll condense the answers and put the corresponding questions before them:

1. Could you elaborate on the scope and thoroughness of the Sherlock team's audit?
Sherlock's audit is renowned for its meticulous examination of smart contracts. Our code underwent a rigorous review, resulting in 900+ suggestions from 70+ Sherlocks. We're also preparing for another anonymous audit with a prominent auditor, in which we're implementing a three-iteration review system. Ensuring code safety is our priority, and we're open to further audits if necessary.

2. How will you manage the risks associated with BGL's small capitalization and deflationary nature?
We mitigate potential risks through diversified collateral - BGL, BTC, ETH, and DAI. This mix, combined with USSD's over-collateralization design, reduces single asset risk and buffers against extreme volatility. BGL's deflationary nature can potentially boost the collateral base as its value increases over time.

3. Will you elaborate the way of making governance decision? How are you going to face the governance voting manipulation?
We believe governance could weaken autonomy, so we plan no governance. Once we ensure the code is safe and optimally functioning, we will lock it up and make it non-upgradable. Thus, even if the founders disappear, the stable will continue to operate.

4. In a competitive stablecoin market, what strategy are you going to use for marketing?
Our strategy prioritizes user education about USSD's unique benefits. We will leverage influencers and social media to spread our vision and focus on attracting crypto-savvy individuals who value decentralization and distrust centralized authorities.

5. As a non-profit entity, how are you going to maintain the project's operational cost?
The USSD project will be supported by our savings and donations. Once the contract is non-upgradeable, operational costs will be negligible, with the community and users covering necessary expenses.

I'm here to answer any further questions you might have!