@VegasMorph And for all you folks out there complaining about how "At this rate you'll burn the supply down in a hundred years, blah, blah, blah"... Remember that our Supply is tiny compared to some other big names out there!! There is 0 reason we can't be up there!
https://t.co/FaSVWgUn2F
@VegasMorph@ColeStrathclyde@orbit__labs What time scale are we looking at if this passes ie weeks are months, are is it the case of once it passes you flick the switch....
$LUNC Clocking In With Another Huge 24 Hours
There Could Even Be more exciting catalysts coming for Luna Classic Soon ๐
We talk about it in today's #LUNC update ๐ฅ
@74_Davidp Yes, USTR is a tradeable token. CL8Y DEX is currently going through final testing, and once live youโll be able to swap/trade it there. With liquidity any dex can list it. ๐
People talk about supply being an issue for #lunc.
Yes it's not ideal but lunc went up 70% in 7 days and 200% in 30. If demand increases or remains the same at 70% increase weekly it will only take around 13-15 weeks to reach 0.1 or 6 months if price goes up by 200% monthly.
100%. The debt isnโt optional, USTC is unresolved liability.
Ignoring it just shifts the problem or relies on capital that wonโt scale.
CMM solves this by absorbing USTC โ USTR and restructuring it into collateral.
Itโs balance sheet repair at protocol level to the tune of between $8 to $20 million. ๐