Actually, wouldn't it be great if we burned half of the steak income? THINK about it, we would sacrifice ourselves for 1-2 billion per month, what do you think?#lunc #LUNCcommunity #AVAX’
LUNC (Terra Classic) and USTC (Terra Classic USD) operate as two interconnected cryptocurrencies in the Terra ecosystem. While the price of USTC is fixed, LUNC acts as a mechanism used to keep USTC stable. The connection between them is automated, especially in the processes of **arbitrage**, **supply and demand** balance, and **token burn (burn/mint)**. However, some key figures and mechanisms must be taken into account for this system to work efficiently.
Some key figures regarding the supply and demand balance for (peg) should be considered. However, how to manage figures such as USTC supply, reserve size, and trading volume are important in order to provide a full peg. Here are some key figures to establish this balance:
### 1. **Supply:** - There are currently approximately 10 billion USTC in circulation. This supply may need to be reduced in order to provide the peg. For example, it may be suggested that the supply be reduced to 1-2 billion levels in order to fix the price at $1. Burn mechanisms should be used for this purpose.
### 2. **Reserves:** - A strong reserve system backed by assets such as dollars or Bitcoin is required to maintain the peg. Generally, reserves should be worth between 10% and 50% of the USTC in circulation. - This means a reserve fund of approximately $1-5 billion.
### 3. **Arbitrage and Price Deviations:** - Arbitrageurs should step in when the price drops to $0.95 or rises to $1.05. Even small deviations like these can help keep supply and demand in balance.
### 4. **Liquidity:** - High liquidity is required to maintain the peg. There should be at least $100 million of liquidity in the markets so that price fluctuations can be easily absorbed.
These figures and mechanisms are the basic requirements for USTC to remain pegged at $1. #lunc #bekleyecegiz #USTC...
The survival of the Luna Classic (LUNC) ecosystem depends on various factors and strategies. Here are some key strategies to consider for LUNC’s revaluation and how these strategies can be backed up with numbers: 1. Reducing Supply (Burning): • Current Supply: The current circulating supply of LUNC is around 6.9 trillion tokens after the crash. • Burning Mechanism: Reducing the supply can increase the value of the token. For example, if 1 trillion LUNC tokens are burned, the total supply will be 5.9 trillion.
Before the closure of the #lunc company's close at the end of October, the tokens left in the vacuum will burn, but a vote should be specified, the number of these assets should be specified, transparency requires this #crisamani #lunc didn't say a word for this, which means that there is no right to talk about it, and the wallets that will be burned should be revealed and shown, let's see if there is an asset coming from the company wallet, maybe there is so much #lunc supply in the market, no
#lunc Before the company closes at the end of October, the remaining tokens will be burned, but a vote should be held, the number of these assets should be specified, transparency requires this, he did not say a word for #crisamani #lunc , so he has no right to speak on this issue and the wallets that will be burned should be revealed and shown so that we can see if there is an asset coming and going from the company wallet, maybe there is not this much #lunc supply in the market, no one knows, even if this seen supply is correct, which I do not believe, the community can waive some of their LUNC AND USTC and make a huge destruction, the first and last move would be $50
One of the biggest reasons for Binance's global growth is @CZ because in the past it experienced a crisis and struggled with large containers and when it happened again, it did not leave anyone in the lurch and covered everyone's losses. Even though it suffered losses, it replaced everyone's lost money, therefore it made the system more convenient and powerful.#SAFU🙏 Nobody is flawless, there may be mistakes, the important thing is to accept this mistake, close the gap and find a solution first and achieve this @CZ #binancesafu stay safe. #BNB #LUNC\USDT #ustcrepeg there are many software developers who can do it in Binance