ChainCatcher message, Mint Cash stated on social media that it plans to release an internal demo and testnet in August, and will undergo significant transformations in its architecture, whitepaper, partnerships, and branding.Mint Cash acknowledges that it is different from developer-oriented projects like Ethena Labs, and does not intend to become such a project at any time in the future.

ChainCatcher message, Mint Cash tweeted that due to the lack of a reliable testnet faucet for Terra/Luna Classic, they will build one themselves to deploy and test the burndrop contract on Terra/Luna Classic.

ChainCatcher message, Terra tweeted that Terraform Labs is not involved in Mint Cash in any capacity.

ChainCatcher news, Mint Cash team leader Shin Hyojin stated that the airdrop will include multiple tokens, with specific details being finalized, and Mint Cash will seek investment from VCs.Today, influenced by the anticipated airdrop of the Terra ecosystem stablecoin project Mint Cash, USTC briefly rose to 0.078 USDT.