"USTC Revival Mechanism Based on Exchange and Destruction"
Abstract: As we all know, the supply of USTC and LUNC reached its peak during the collapse in May, and the supply is currently being destroyed based on transaction volume. This short article will propose a principle mechanism for huge supply
Due to the streamlined style, the author directly proposes simplified operation steps and does not want to go into a long discussion. As of now, USTC has a liquidity of 8970376599 USTC, 0.02424 one. The goal is to restore the original supply and demand relationship, that is, 41.25 USTC can now be exchanged for 1 USD.
This article believes in setting up an exchange fund so that 41.25 USTC can be exchanged for more than 1 USD under the current exchange rate. After converting to USD, 41.25USTC will be destroyed. The premium can be adjusted freely. If the exchange fund prerequisite is not sufficient, it can be first put into 41.25 USTC and exchanged for 1.02 USD, giving up a risk-free arbitrage space of 0.02 USD (can be adjusted later), so that 1 USD in the exchange fund can destroy USTC worth 50USD, that is, 2062.5 USTC. To convert, that is, ideally, 8970376599/2062.5 (4339804USD), that is The restoration of supply relationships can be completed and anchoring re-achieved.
Notice:
1 In actual situations, the exchange rate will change, so the USD required to complete the restoration of supply relations will exceed the ideal situation, but the mechanism is feasible.
2. The funds of the exchange and destruction mechanism can be derived from the on-chain tax rate of the transaction, and can be carried out continuously.
3 This mechanism is in principle applicable to all tokens with huge supply
Acknowledgments
Thank you to everyone who is committed to world peace and economic development, and encourage each other
—GoldenAowu Studio/Shunxia Studio
