#USTC

About ustc’s mint cash burning plan

Summarize

There are 300 million mint distributed for the burn plan. 150 million ANCs, the initial exchange ratio is 1.5:1. ancs is 1 to 1.

If you only seek the maximum profit and calculate based on burning 450 million ustc, you can get 300 million mint, and the value of the 50% discount obtained by exchanging stable currency is 150 million. The value of 150 million ancs is unknown, not counting the ancs value. If the ustc value is less than 0.33, you will not lose. Add ancs to estimate 0.4.

However, the main network will not be launched until the end of 2024, and the coins obtained through exchange will still have 24 months to unlock, and it will take nearly 3 years to recover all the costs. This is the biggest difficulty and risk!

Let us calculate, if 0.4 billion ustc is burned, the value is halved to 0.2, 1.8 billion = 0.1. It can be seen that as long as ustc does not reach 0.1, 1.8 billion ustc may be burned!

If the current price is around 0.027, 7 billion ustc can be burned, and there will be no loss regardless of time. However, you must at least double the benefits to have the motivation to pledge for such a long time!

It should be noted that MINT is not the stable currency of this project, similar to luna, so it does not have an inherent image of being worth only 1 dollar. This model is calculated using 1 dollar. For example, if luna once reached 100 dollars, it is completely invalid. The total supply is 1 billion. If the market value reaches 3 billion and Mint is worth more than 3 dollars, then ustc will not lose even if 1 dollar is burned!