🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
Token of Love Music Festival, Gate x Oracle Red Bull Racing Reception, and the F1 Race Viewing are all set to roll out!
Join Square Fun Quiz Challenge now, test how much you know about the events and share $100 BTC in rewards!
To join: Comment your answers (format: 1B 2A 3B 4C)
🎁 Rewards: 3 lucky winners each day → $10 BTC each
👑 Bonus: Answer all questions correctly for 3 days → Extra $10 BTC for Super Quiz King!
📖 Day 1 · Quiz (Single Choic
Synthetix founder releases the latest progress on the sUSD depegging: the Mainnet pre-deposit event will ultimately bring it back to peg.
On August 9, news came that Kain, the founder of Synthetix, released the latest progress regarding the sUSD de-pegging issue. The current price of sUSD is 0.990619 USD, and it is about to restore its peg. Although this period has been tough, with the launch of the Mainnet pre-storage activity, sUSD will eventually return to normal. On April 18, the Synthetix stablecoin sUSD decoupled further to $0.70. Synthetix then announced an emergency solution, launching the USD 420 pool with incentives. SNX stakers in the 420 pool can deposit sUSD to receive a share of 5 million SNX over 12 months. The deposited sUSD will be locked for a year and can be fully withdrawn after the event ends.