๐ Terra Classic's Selenium Protocol: A Game-Changer for LUNC? ๐ฅ
Terra Classic's community-driven initiative, Selenium Protocol, is gaining traction with its innovative economic system designed to:
- *Automatically burn LUNC & USTC*: Reducing supply and potentially increasing demand.
- *Reward active participants*: Encouraging community engagement and contribution.
- *Generate real demand through DeFi*: Fostering a sustainable ecosystem.
- *Establish a long-term, self-fueled burn model*: Ensuring the protocol's sustainability.
*Why Selenium Matters:*
- *No reliance on donations*: Self-sustaining model.
- *Burns tied to user engagement*: Direct correlation between activity and token burns.
- *Vault-based tokenomic model*: Supports scalable, on-chain burning.
*Potential Impact:*
- *Billions of LUNC burned monthly*: Significant reduction in supply.
- *USTC peg recovery*: Potential for stablecoin stability.
- *Boosted community participation*: Increased engagement and activity.
- *Restored economic strength*: Sustainable ecosystem growth.
*Terra Classic's Progress:*
- *Testnet launch*: Selenium Protocol's testnet is live, allowing for refinement and testing.
- *Community involvement*: Users can participate and provide feedback.
- *Potential Binance involvement*: Collaboration could further drive adoption.
*Current LUNC Price:*
- $0.0001061: Reflecting a 7.45% decline in the past day and 20.77% drop over the past week ยน.