Previously, Terra founder Dohyung Kwon had been granted extradition from Montenegro.

This Luna Classic proposal is designed in such a way that by using the market module to exchange (mint) luncs and sell the luncs, $USTC can be sold for 2x the current market price

If you open the market module with a peg target higher than the current USTC market price, it will cover your $LUNC bag -99% if the market module price USTC is 2c.

Then buy 10,000,000 $USTC from CEX for $130k

Use the market module to burn $USTC and mint $200,000 of LUNC

Sell ​​LUNC and repeat until $LUNC reaches the minting cap or $USTC reaches 2c on CEX.

If the cap is hit:

Market participants sold USTC after the 50% rise and the $USTC price was once again controlled by the market.

If there is no upper limit:

Market Participants Sell USTC After 50% Rise, More $LUNC Sell-Off Begins

In both cases, market participants such as CEX holders and market makers will panic and sell their $LUNC

#LUNC #USTC #UST #LUNA #ARKB是BRC20一道靓丽的风景线美国sec批准的第一个比特币现货ETF，