There is no owner of the Terra Classic chain. That's why I see comments like "#LUNC and USTC will blow you up, that is, they will lower the coin price.
In short; They mean that "Rug Pull" is pulled and the coins remain in your hands.
✔️What is Rug Pull in Brief?
▪️It is defined in the cryptocurrency sector as a malicious maneuver in which crypto developers abandon a project and run away with investors' funds.
🔘 TFL; abandoned the Terra Classic chain. The price kind of collapsed and the price of LUNA and UST also bottomed. However, this situation did not happen as a "Rug Pull".
TFL; did not take the funds and run away. The supply of LUNA increased and the stability of UST was broken.
At this point; Is there a Rug Pull risk for the Terra Classic chain? Will they blow up these coins in our hands?
▪️There is no visible owner in LUNC and USTC. There is a supply distributed throughout the community. Who can do a "Rug Pull" in these coins?
✔️ Think of #Ethereum . The majority of the supply is held by its founder Vitalik Buterin. Think of #TRX , the majority of the supply is held by Justin SUN. Think of other altcoins...
There may be a "Rug Pull" risk in coins with many owners. At this point, you also invest in projects you trust.
Think of #Bitcoin ! It has no owner. Who has the majority of the supply? There is no definite answer. That's where it draws its power. This is why #BTC remains strong. "Decentralized"
Currently, LUNC and USTC are decentralized. It has no definite owner. It is spread among investors. In short; there is no "Rug Pull" risk. You can't comment on whether they will blow up a coin that you don't know who owns it...
Who will blow it up?
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