Why Isn’t the Community Prioritizing Repegging USTC to $1? Let’s Break It Down
The success of the Luna Classic ($LUNC) ecosystem largely depends on restoring USTC’s peg to $1. But why hasn’t the community directed more energy toward achieving this? Let’s examine the situation.
USTC’s total supply is significantly smaller compared to LUNC’s, making it a more feasible target for focused efforts. Unlike LUNC, which faces challenges due to its massive circulating supply, USTC’s supply of just over 9 billion tokens presents a more manageable scenario. It would require far less capital to bring USTC closer to $1 than to drive a substantial price increase in LUNC.
By channeling some of the community’s resources, investments, and efforts into USTC, we could potentially trigger a significant price recovery. A successful repeg wouldn’t just elevate USTC’s value—it could restore confidence in the entire Luna Classic ecosystem. This renewed trust could create a ripple effect, indirectly benefiting LUNC by enhancing the ecosystem’s overall credibility and utility.
Achieving this goal would demand a coordinated strategy, including sustainable burn mechanisms, incentives for holding USTC, and increased demand through real-world use cases. While challenging, it’s entirely possible with community collaboration and effective planning.
So, should the community shift its focus toward USTC? Given its smaller supply and potential for faster results, this approach deserves serious consideration. A collective push could unlock new momentum for the entire ecosystem.
No question is too simple when it encourages deeper thinking and smarter strategies. The opportunity is there—it just needs the right action.