Do you have any audit report from sherlock team. It should be publicly available in the website so that there won't be any lack of transparency regarding audit outcomes and how you fixed the issue.
Certainly! The audit report from the Sherlock team is publicly accessible for everyone to review. Here's the link
https://github.com/sherlock-audit/2023-05-USSD-judging/issues. We are dedicated to transparency and have detailed how we addressed any issues identified in the report.
You have said there will not be any governance because it will weaken the autonomy but i believe it will be an issue in the future. Locking the code and make it immutable will enhance the security but it will sacrifice the adaptability in the changing market conditions.
We appreciate your perspective. Our standpoint is rooted in the belief that genuine decentralization can only be realized by locking a contract. While DAOs can offer some advantages, they can also be susceptible to manipulation. It's the same for even major networks like Ethereum and Bitcoin. Our goal is to design an architecture that is both optimal and straightforward.
Solely depends on saving and donation will not be sustainable in the long run. What will happens to the project if team spend all of its savings and donation funds and there is not left over to spend more? I think this is the biggest issue for the project.
We understand the concern. Our commitment through savings is our token of dedication to the crypto community. If the USSD project resonates with the community's needs, we trust that users will champion it. We are confident in USSD's potential as a remarkably secure stablecoin. Its foundational principles of radical over-collateralization, complete autonomy, and resistance to bans lend it unparalleled value in our view.
With the total supply of 7k tokens, I can only say good luck to your ambitious project. Many projects faces challenges in the beginning and saw slow adoption. Current market sentiment and strict regulation in stablecoin caused the loss of market cap of several top-class stablecoins. People are redeeming their stablecoin into fiat currency in fear of being trapped down. I hope your project will be able to overcome all of these difficulties.