JUST IN: 🇮🇱🇮🇷 Israeli Prime Minister Netanyahu delivers speech after attacking Iran.
"Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival. This operation will continue for as many days as it takes to remove this threat."
KAMALA DESTROYED OUR COUNTRY - NOW SHE WANTS A PROMOTION!
She stood with Biden on EVERY decision.
When I’m back in the White House, we will MAKE AMERICA GREAT AGAIN! GREATER THAN EVER BEFORE!
#BringBackTrump
🔥🚨DEVELOPING: What is happening to President Trump is an attack on the freedom of all Americans. It is beyond the time that all of America stand in unison with President Trump. To tell a man he can’t witness the graduation of his own son is barbaric.
We have to support this man, we are witnessing just how evil and corrupt our government is. If we don’t vote for Trump that’s telling the same government that they can do the same to us.
We must fight with our vote regardless of our party affiliation we must, we absolutely must fight for Trump.
Beware, we are coming…
A VER, ANORMALES QUE APOYAN A #ISRAEL:
ISRAEL OCUPA ILEGALMENTE Y MATA DE HAMBRE Y CON ARMAS A INOCENTES EN #PALESTINA
ISRAEL ECHA A LOS PALESTINOS DE CASA Y LOS MATA.
ISRAEL METE EN LAS CASAS DE LOS PALESTINOS A GENTUZA QUE NUNCA LAS MERECIÓ.
QUIEN SE DEFIENDE ES PALESTINA
#LUNC#USTC#TerraClassicChain Beginning history
[Terra Chain]
This history begins when Terra Classic Chain was still called "Terra Chain". LUNC was called LUNA and USTC was called UST.
Terra Chain was a chain created with the concept of "algorithmic stablecoin".
that means
It has grown rapidly as it has attracted the attention of many people as a “chain that realizes 1 USD = 1 UST with an innovative mechanism without using legal currency as collateral”.
Due to its "an epoch-making mechanics and advanced mathematics", it was designed so that as demand for UST increased, LUNA's price would rise.
At the time, LUNA's top price was around $119.
The current price of LUNC is $0.000086
This is 1.38 million times lower than the highest price.
This crash was called the Terra LUNA Crash, and it was a historical event that caused an ice age for all cryptocurrencies.
Why did such a big crash occur?
It was caused by a big sale of UST targeting the vulnerability of "an epoch-making mechanism and advanced mathematics". A large UST sell caused the UST price to drop and a large deviation from $1.
A mechanism to maintain the UST at $1 (maintenance of the peg) worked, and the supply of LUNA increased rapidly. USTC also inflated rapidly due to vulnerability in advanced math.
Investors who expected the price of LUNA to drop sharply due to the increased supply of LUNA started selling LUNA, and the price of LUNA fell further, unable to support the UST peg ($1).
Price of UST goes down → supply of LUNA increases → price of LUNA goes down → price of UST goes down →…
A vicious cycle in which supply continues to increase and prices continue to fall. It is called a death spiral due to hyperinflation.
As of now, the USTC maintain peg ($1) algorithm is turned off.
After this crash, the Terra chain split in two. Terra Chain founder Do Kwon and the engineering team Terra Form Labs (TFL) planned the Terra 2.0 chain, abandoning the current Terra Classic Chain and starting a new chain.
Plans for that new chain led to the Terra 2.0 chain being called the "Terra Chain" and the crashed chain being renamed the "Terra Classic Chain".
[Terra Classic Chain]
After that, a group of talented volunteers formed a team and modified the Terra Classic Chain, returning it to its current stable state.
A year after the crash, with new teams created, splits, and plenty of drama, the USTC is finally about to start fixing the algorithm to bring it back to $1.
If this USTC $1 peg algorithm is improved and corrected correctly, we can expect the price of LUNC to rise again due to the mechanism.
Although the number of LUNC holders has decreased compared to a year ago, those who understand the concept and mechanism of the Terra Classic Chain and know the progress of development continue to hold onto LUNC•USTC.
If you are interested, please purchase LUNC•USTC and participate in this resurrection story.
Current LUNC USTC price and the multiplier when the two become $1
#LUNC: $0.00008664 (11542 times)
#USTC: $0.01272 (78 times)
BREAKING: President Trump has recorded a video for his supporters like YOU, responding to the indictment. Not even the fake news has seen this.
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