$LUNC 🌐 Terra Classic’s Sustainability Challenges and Revitalization Plan.
The Terra Classic ($LUNC) chain faces significant challenges, particularly the sustainability of its 🔮 Oracle Pool, which supports staking income. 📉 Currently, the pool is projected to last only 1.5 to 2 years, raising concerns about operational continuity.
At present, the Oracle Pool holds:
93 billion $LUNC
316.7 million $USTC
These reserves are rapidly depleting, threatening the chain’s stability.
🔥 Key Focus Areas for $LUNC
To secure the chain's future, the community must address the following:
1️⃣ 🔮 Oracle Pool and Community Pool
These reserves are critical for sustaining operations, and the community must implement measures to stabilize them.
2️⃣ 🔥 Burning Excess Supply
A bold proposal suggests burning 60% of the $LUNC supply to reduce oversupply and increase scarcity.
🌟 Plan Highlights:
🗳️ Governance Vote: Implement only with majority community approval.
⚖️ Fair Implementation: Gradual burns to protect smaller holders.
🎁 Incentives: Rewards like staking benefits and exclusive airdrops.
🤝 Exchange Collaboration: Ensure fairness through partnerships.
🚀 Ecosystem Growth: Integrate burns with new use cases and upgrades.
3️⃣ 📊 Price and Validator Stability
The price of $ LUNC must rise to reduce supply pressure. Current prices:
🔼 High: $0.00012689
🔽 Low: $0.00011464
📉 Current: $0.00012571
Without price improvements or supply reduction, validator shortages could arise.
🛠️ The Path Forward
The community must act decisively. The 🔥 60% burn proposal could boost value and scarcity but requires careful planning and consensus. Simultaneously, Oracle Pool reserves must be stabilized to avoid disruptions.
The decisions made today will shape the future of Terra Classic ($LUNC), ensuring its 🌟 sustainability and 📈 growth. Together, we can secure a brighter future for $LUNC! 💪.