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The overwhelming wealth brought by ustc...Where is the goal of ustc?

USTC $0.1 +304.59%

These two days, ustc has brought a huge wealth. This article explains in detail the logic behind ustc’s explosion... #USTC

1. Information gap behind the surge

It is not a community proposal for next generation inheritance. This proposal has not entered the voting stage before, it is just a discussion on a forum. The more core reason may be the new project MintCash@wemintcash that the main team members are about to participate in and the new version of the anchor protocol @SailOnAnchor

2.What is Mint Cash?

A BTC-collateralized stablecoin system based on the original Terra Classic codebase.

3. What is the connection between Celestia+Nomic+Anchor and Celestia+Nomic+Anchor?

Mint Cash is a classic IBC chain derived from Terra, so the DA layer should use Celestia. The issuance of stable coins will use Nomic’s nBTC. A new version of the anchoring protocol will be released in Mint Cash, named

2 0 ← 神鱼yoyo ..

4.Who are the team members?

Core developers come from the former Anchor team, as well as Aleph

Research, the launch developer is additionally planning to build Polaris EVM support based on the Cosmos SDK with @CosmWasm and @Berachain.

5. Mint Cash will be cold-started via $USTC in 2 ways.

(i) Hold $UST or $LUNA before the crash on May 10, 2022 (ii) Lock and simulate a specified amount of $USTC through Mint Cash’s airdrop. The airdrop algorithm here does not disclose the detailed calculation method, but the current flow simulation It is said that USTC will be calculated at a valuation of 1, which is also one of the fomo points in the market.

6. How to repay?

This issue should be what the market is most concerned about. The current circulation of $USTC is 9 billion. Many people use this number to directly promote the valuation of new projects to nearly 10 billion. However, it is obvious that these circulating $USTC will not be all When entering a new project, the reasonable status may be 1/3 or 1/2. According to the calculation of 1, the valuation of the new project is between 3 billion and 4.5 billion. The FDV of LUNA 2.0 is currently about 800 million. The price in my mind is based on 1 It seems like a discount

You can do the math yourself. If calculated based on 0.014 before the market was launched, it would be about 40M-60M. Then according to the current market feedback, the market is biased towards this valuation. Of course, there is another question here, which is your expectation of the new team.

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