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Is Terra Luna Classic Really Pushing USTC Back To $1?

16d ago
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A brand new Terra Luna Classic buy back & burn strategy estimates gradually increasing LUNC burning records in the next 10 years. According to Leonardo, a popular Terra Classic community developer, the mechanism takes into consideration USTC’s universal repeg, assuming that the restored $1 peg would take Terra Classic USD (USTC) to at least a $1 billion market cap. https://twitter.com/LeonardoLUNC/status/1947658292005638291 This aligns with Leonardo’s Ceramics Repeg, originally slated for Q1 of 2025, but pushed back due to lack of support on the Layer-1 chain. Ceramics Repeg is building a dual mechanism with USTC & USTR - the trick is


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16d ago
bullish:

5

bearish:

0

Share
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