USTX: the technology
The project consists of a token and a decentralized exchange, where all the magic actually happens. The USTX token is a standard TRC20 token with a few addon features: Minting and burning (only owned tokens). They are needed by the DEX to operate and control the price fluctuations. The DEX is handled by a different contract that implements a modified AMM model to allow buying and selling USTX in exchange for one of the reserve tokens (TRC20).
To validate the system the team made extensive simulations taking the BTC history data as input. The source data have been modeled to behave like a standard AMM exchange (taking into account also the increasing circulating supply of BTC). From this model we obtained data representing daily trades, that have then been used as an input for the USTX DEX model. We understand that the models are always a simplification of reality, but we think they give a good qualitative indication of the system behavior.