When we compare LUNC and USTC burns; you see how much USTC burns are behind in value...
🔔While #LUNC tax burns of approximately $51,000 are realized weekly; we see that #USTC tax burns of $3400 are realized.
It is very normal for LUNC tax burns to be higher than USTC tax burns, but there is a big difference between them.
🟢 From this data, it is clear that the USTC price is lower than it should be.
➖You may see these amounts as worthless, but there is a blockchain that burns approximately $50,000 every week. Imagine if all of this value was used for USTC re-peg?
In a volatile market, these amounts will increase a lot. In a market where the price of LUNC and USTC increases, these amounts will increase in value. For this reason, every burned piece is valuable...
We think they are playing 3 monkeys for USTC. We think USTC is ready. USTC can be repegned in its current state. LUNC is strong enough to keep USTC stable even in its current state...
When USTC is $1, you can be sure that LUNC will be much, much higher than its current price. In this case, the#LUNAprice will also increase a lot. LUNC and LUNA can stand behind USTC as two solid collateral...
We are thinking a little out loud. I am sure that the developers of Terra Classic and Terra have thought more of these thoughts...
