TFL has approximately 2-2.5 billion ustc in its possession. TFL will burn these USTCs. Why is it delaying? I don't know.
As part of the agreement, TFL burned its Terra funds. It also has to burn its Terra Classic funds... Luna Foundation burned its $USTCs recently.
Precautions have been taken in the Market Module 2.0 proposal. Reprints have been brought under control. The amount of $LUNC to be burned monthly has been guaranteed... If the proposal matures and is accepted, it will be a controlled market module.
The mistakes made in LUNA/UST will not be made in $LUNC /USTC. The LUNA/UST crash was a big experiment.
When TFL's ustc burns come, the $USTC supply will decrease very, very much. Considering the community pool and Oracle Pool, there will not be much ustc in circulation. If we also calculate the $USTCs collected in the hands of exchanges and large investors; small investors can also predict that there is not much ustc left...
#LUNC and #USTC prices are not satisfactory, but the progress of the Terra Classic chain continues#BinanceHODLerHOME