Subject to approval, the proposal to stabilize USTC’s value at $0.02 and progressively ascend towards $1 could mark a pivotal moment for the Terra Classic ecosystem.

Proposal Overview:

The Terra Classic network is committed to maintaining USTC’s value at a minimum of $0.02. This measure is a starting point for $USTC ’s incremental journey to reach $1.

Stakeholders have inquired whether the quantity of USTC they possess will diminish as its value increases to $1. It’s important to clarify that the quantity will remain unchanged unless sold.

Market Dynamics:

It’s essential to understand that USTC’s value is assured not to dip below $0.02. This provides a safety net, while still allowing stakeholders the freedom to trade as they see fit.

Should the proposal gain acceptance, the availability of USTC at $0.02 will become a rarity, as its valuation is anticipated to be significantly higher.

Stabilization Mechanism:

The market will naturally seek equilibrium. The Terra Classic network’s role is to ensure that USTC’s value does not regress below the established threshold. In the event that USTC’s price does fall under $0.02, the network will initiate the minting of LUNC to absorb USTC from the marketplace.

Despite its current state, LUNC is well-equipped to manage this responsibility. These measures are seen as critical steps towards the revitalization of the Terra Classic network.