On December 15 - Day 1, it's 1x USTC for 1x USTR. Then, every day it increases by 0.01 USTC until Day 100, when it will be 2x USTC for 1x USTR.
The window is then closed.
It is not decided when the window will reopen, but it will reopen. Meaning that if USTC continues to flatline, there will be other opportunities to buy into the CMM.
A key point to note is that when the conversion begins, the converted USTC is forever locked, and the collateral used to mint #UST1. UST1 is a stablecoin built on #LUNC that will immediately buy the CMMs' yield-bearing assets. 😀
Initial Proposed Reduction (to be reviewed and verified):
LUNC: Decrease supply to Total supply of ~700 billion
USTC: Decrease supply by to Total supply of ~68 million
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**Token Consolidation & Supply Adjustment for Terra Classic**
**Background**
For over three years, the Terra Classic community has been working tirelessly to reduce the enormous token supply created during the collapse of the original Terra blockchain. At present:
* **LUNC Total Supply (TS): \~6.48 trillion**
* **USTC Total Supply (TS): \~6.09 billion**
Through the introduction of the burn tax and community-led burn initiatives — with vital contributions from external entities such as Binance, MEXC, WEX, Terra Casino and other projects, and many independent community members — we have managed to burn around:
* **6%+ of LUNC Total Supply**
* **45%+ of USTC Total Supply**
These results are highly impressive, but the community consensus remains clear: the circulating supply of both tokens is still far too large, and further reductions are necessary if Terra Classic is to rebuild trust, attract new investors, and continue its deflationary narrative.
At the same time, Terra Classic faces the challenge of maintaining the Oracle Pool (the “heart” of the chain). Because we operate as a **deflationary chain**, our current funding mechanism (via burn tax) cannot indefinitely sustain PoS security, Oracle rewards, and development. Yet, the community has strongly opposed any reminting of tokens. This creates a unique challenge: reduce supply while ensuring the chain remains financially sustainable.
It is important to recall history: Terra (Luna) once had a market capitalization above **$40 billion**. Following the depeg and attack on the Market Module (MM), the mechanism minted enormous amounts of LUNA overnight — from \~300 million supply to nearly **7 trillion**. The original developers abandoned the chain, but the community has carried it forward ever since.
This proposal builds on that legacy and introduces a new idea.
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**Proposal: Token Consolidation ("Reverse Split")**
We propose implementing a **token consolidation event** (similar to a reverse stock split in traditional finance). This process would reduce the visible token supply of LUNC and USTC while maintaining each holder’s proportional ownership.
**Initial Proposed Reduction (to be reviewed and verified):**
* **LUNC**: Decrease supply by **\~700 billion**
* **USTC**: Decrease supply by **\~68 million**
The exact parameters must be studied carefully with validators, developers, and CEX partners to ensure technical and economic feasibility.
---
**Expected Impacts**
1. **Price Impact**
* Consolidation would decrease the total supply, potentially improving market perception and attracting renewed external interest.
* If token prices rise significantly, network fees may need adjustment to maintain usability.
2. **Ecosystem Effects**
* Must carefully evaluate effects on bridges, IBC channels, and centralized exchanges.
* This step could also help scale Market Module 2.0 experiments and provide sustainable funding through normal transaction fees and MM² mechanisms, rather than continued reliance on a burn tax.
3. **Oracle Pool & Rewards**
* Token consolidation, if coupled with MM² and transaction fees, could alleviate Oracle Pool depletion without minting.
* **Rewards distribution from the Oracle Pool will need to be adjusted** to reflect the new tokenomics and to ensure delegator incentives remain fair and sustainable.
4. **Community Incentives**
* To encourage long-term on-chain participation, users with funds **staked or in liquidity pools** on Terra Classic would receive a **10% higher conversion rate** compared to off-chain holders (CEX wallets).
* This ensures fairness, rewards community loyalty, and strengthens on-chain activity.
5. **Exclusions**
* Oracle Pool (OP) and Community Pool (CP) funds should **not** be subject to burning or haircutting.
---
**Next Steps**
This is an **idea-stage proposal**. If the community is open to pursuing this option, the following steps will be required:
1. **Technical Study** – Developers and validators must model the consolidation mechanics and confirm feasibility.
2. **Economic Study** – Assess impacts on exchanges, bridges, tokenomics, and potential price implications.
3. **Oracle Pool Adjustments** – Determine how rewards distribution should change post-consolidation to ensure validator/delegator participation and network security.
4. **Community Feedback** – Engage all stakeholders to refine numbers, methods, and incentive structures.
5. **Testnet Trial** – If viable, implement in testnet before mainnet deployment.
---
**Closing**
This proposal is not final but serves as a **starting point for discussion**. By consolidating supply, adjusting Oracle Pool rewards, rewarding on-chain users, and aligning incentives, Terra Classic can address the legacy of over-minting, strengthen Market Module 2.0, and secure long-term sustainability of the Oracle Pool — without reintroducing inflation.
If the community supports exploring this path, further technical and economic studies will follow to finalize details.
**For now: this is a concept to be debated, improved, and potentially adopted if consensus is reached.**
--- #terraclassic#lunc#ustc#mm#mm2#burn#lunac#luna $lunc $ustc #lunaclassic
It’s sad to see some still follow the so-called “GP.” He doesn’t understand anything about the chain—or any chain. To be honest, he keeps saying he is a lawyer, but he is not. He literally doesn’t even know how to connect to the chain, yet he calls you to delegate to him so his node can grow. His argument? Everyone is a “bad actor,” so you must delegate to him to “fight them out.” But what is his actual plan? Do nothing. Wait for Binance to save the chain.
Yes, Binance supports the chain in their own way, mostly through monthly LUNC burns ( thank you @cz_binance@binance@_RichardTeng ). But some people twist this into a dangerous narrative: “Don’t do anything, just wait, Binance has a plan.” Let me tell you the truth—#Binance has no plan for LUNC. They have bigger things to think , than our chain. If the chain is going to survive and thrive, it’s up to US to make the plan, execute it, and lead the way.
Why does Binance burn LUNC? Because the community showed strength. Remember the AMA I was with CZ after creating proposal #3568? I asked him directly, in public, to support the community by burning LUNC on spot trading. The community rallied. We were united under one flag, and Binance recognized our power. That’s why the burns exist—not because Binance has a secret master plan, but because we proved we were a massive, organized community.
Today, unfortunately, we’ve lost that power. Some are trying to dilute the community further, spreading the narrative: “Do nothing, Binance will save the coin.” This is dangerous. Binance will not “save” LUNC—they are not here to babysit us. The responsibility falls on us, and only us.
We need to unite under one flag: the flag of fixing the chain,build, marketing it, and restoring its reputation. The governance proposals currently on the table point exactly in this direction:
#12194 – Upgrade Terra Classic to Cosmos SDK v0.53 with IBC v2 (Eureka): This update will put us ahead in Cosmos tech, restore trust, and drive innovation. No more being left behind.
#12193 – Re-Enable Legacy Contract Query Execution: This could reopen Astroport Classic, restoring lost trust and activity on the chain.
#12192 – Signal Proposal for USTD: A decentralized, automated, yield-bearing stablecoin. Yes, it’s controversial. Yes, it carries risk—but without risk, there is no reward. Combined with MM2, this could put Terra Classic in the spotlight again and open countless opportunities.
Ask yourself: what have the people who call everyone a scammer actually done for the chain? Nothing. They spread fear, division, and stagnation.
It’s time to stop waiting. Stop following empty voices. Stop delegating blindly. Unite. Lead. Take risks. Build. Market. Fix. We are the ones who must act. We are the ones who can restore the chain’s power, reputation, and innovation. One flag. One community. One mission: to reclaim the future of Terra Classic. 🚩
#LUNC#TerraClassic#Crypto#Blockchain#USTC $LUNC $USTC #burn . @Greenpeace06_09 be carfull with this person .
I am very proud of this. When I tell you all that I vote the way our delegators want me to vote..... Here is the proof. We discuss all props on X. We come to an agreement on why we support or do not support a prop. Then I vote the way YOU want me to vote. Does your VALIDATOR listen to you? Want your voice heard because your validator could care less about your opinion or financial freedom dream? Join GreenpeaceUNITED! I want to hear from you. Do you need assistance delegating or redelegating? Reach out and I'll help you. Are you struggling mentally but your VALIDATOR doesn't respond? Join us, send me a DM and I will help you get through this difficult time and attempt to achieve financial freedom. You have nothing to lose but EVERYTHING to gain. Redelegate to GreenpeaceUNITED! We are currently ranked #10 and won't stop until we reach the top 5! 💪
#lunc#GreenpeaceUNITED
Hey #LUNC need your input on my layer 1 strategy to success:
📝 Draft Proposal for Terra Classic Governance
⸻
Title: Transitioning Terra Classic Stablecoins to a Fully Collateralized Model
Authors: Do Cookie
Summary:
This proposal outlines a new stablecoin framework for Terra Classic that replaces the failed algorithmic model with a fully collateralized, multi-asset approach. Starting with the Euro-backed #EUTC, we will introduce collateralized stablecoins backed by USDC + PAXG (gold) reserves. Over time, this framework will expand to additional stablecoins (JPY, CNY, KRW), creating a global, multi-currency ecosystem while reducing the supply of USTC and driving Terra Classic’s organic growth.
⸻
Motivation:
• The collapse of #USTC was due to reflexive algorithmic design without collateral.
• Terra Classic needs a stable, credible foundation for growth.
• A collateralized, multi-fiat stablecoin system will revive use cases, expand markets, and steadily reduce USTC’s oversupply.
⸻
Design Overview:
1. Collateralized Minting:
• Example: To mint 1 EUTC, a user deposits 1 EUR.
• Protocol automatically buys $1 USDC + the EUR/USD difference in #PAXG.
• Every stablecoin minted is 100% collateralized by a blend of fiat-stablecoin (liquidity) and #gold (value storage).
2. USTC Pairing:
• Each new stablecoin (EUTC, JPTC, CTC, KTC, GBTCetc.) will be paired against USTC.
• This creates sustained demand and reduces USTC circulating supply.
3. Oracle Pricing:
• Real-time fiat exchange rates (EUR/USD, JPY/USD, etc.) provided via oracle feeds.
• Ensures correct mint/redeem pricing.
4. Phased Rollout:
• Phase 1: Deploy EUTC (Euro stablecoin). Circulating supply target ~62,000 to start.
• Phase 2: Launch JBTC (Yen stablecoin).
• Phase 3: Expand to Asian market stables (China, Japan, Korea).
• Phase 4: Integrate with USTC liquidity to advance the re-peg organically.
⸻
Benefits:
• Fully collateralized stablecoins restore confidence in Terra Classic.
• Gold (PAXG) collateral adds long-term value stability and brand narrative.
• Multi-currency approach broadens adoption globally.
• Organic USTC re-peg via collateral + demand growth.
⸻
Risks and Considerations:
• Custody of USDC and PAXG must be decentralized and transparent.
• Smart contract audits are mandatory before deployment.
• Fiat-onramp/offramp requirements must be clarified for minting/redeeming.
• Phased rollout allows for learning and adjustments.
⸻
Conclusion:
This proposal transforms Terra Classic’s stablecoin ecosystem into a collateralized, global, multi-fiat model, leveraging USDC + PAXG to build stability and trust. By phasing in EUTC, JPTC, and Asian-market stablecoins, and pairing them with USTC, we create an organic re-peg path while making Terra Classic relevant again in global DeFi markets.
🔔Heres the weekly Cookiemunity recap:
🌙@GarudaUniverse (GDEX) team helped us migrate Cookie Do contract code—> send 0.25% from all 28 trading pools to 🔥 #Luncburn 🔥on every trade. 😬 108M burned and counting.
🐸 Next wednesday we list #BSC#Solana#Cookie + #Do#LUNC on @vibe_trading 🫡🫶
🏆 Golden gram (#GG) our gold backed gold peg stablecoin (flexcoin) launch is now on countdown! Dapp is 100% ready and #Paxg is coming home thanks to #Ceramic#Team
👨🚀 #Luncverse alpha launch set for early October! Dev is set to launch something legendary!
🍪#Baked Protocol has now burned 20/100 Trillion of its max supply. New total supply of 374 T / 777 T left !
The unification of the #LunaClassic#Blockchain begun on layer 2 and will be revitalized by those building onchain. Protocols, dapps, dex, web3 Gaming, #Metaverses stablecoins and IRL utilities!these are valuable assets that will generate wealth for this chain in the medium and long term future of #TerraClassic. Many people will make generational wealth by owning a Layer 2 tokens .
Investors will make compounded interest gains when #LUNC goes 2x 5x 10x 100x and your L2 goes 2x 5x 10x 100x you multiply both of them.
So hypothetically, #LUNC goes 100x next 5 years, and Cookie #Do , #Juris , #GRDX , #Terraport#Sele#Weso#Cl8Y#elpaco#Food#burnix#SON#Aeve#Catwifhat#Kneel#ART#FRG#Rotti#LTK or any other awesome L2 goes 100X you make a combined…
🥁
10 000X
100$ x 10 000 =1000000$
1Mil in 5 years for a hypothetical 100$ investment aint bad at all! Maybe this L2 stuff is serious afterall! DYOR buy and #HODL 😬🍪🫡
Go #TeamLUNC 🫶🫡🌙
Ok #LUNC this is it. Your friendly neighborhood #Cookie has your solution 👇
📜 Proposal: Multi-Fiat Stablecoin Mint Protocol on Terra Classic
Objective
Replace fragile algorithmic designs (like old USTC) with a family of fully-collateralized fiat stablecoins (EUTC, GBTC, CNTC, JPTC, KRTC, etc.).
Each stable is minted against deposited collateral on-chain, fully backed, and stabilized through USTC + USDC trading pairs.
The peg is enforced by mint/redeem arbitrage plus oracle-fed global FX prices.
⸻
🔹 1. Fiat Stablecoin Family
•EUTC = Euro stable
•GBTC = British Pound stable
•CNTC = Canadian Dollar stable
•JPTC = Japanese Yen stable
•KRTC = Korean Won stable
(and others added by governance vote)
Each token = 1 unit of fiat equivalent at the oracle-reported exchange rate.
Example: 1 EUTC = 1.00 EUR worth in USD terms.
⸻
🔹 2. Mint / Redeem Mechanism
•Users deposit collateral (LUNC, COOKIE, or approved assets).
•Smart contract calculates required deposit based on oracle price feed + over-collateralization ratio (e.g. 150%).
•Stablecoin minted to user’s wallet.
•To redeem, user returns the stablecoin → collateral is unlocked minus fees.
Formula (example minting EUTC):
\text{Collateral required} = (\text{Stable Amount} \times \text{EUR/USD}) / \text{Collateral Price in USD} \times \text{CR}
⸻
🔹 3. Price Discovery & DEX Liquidity
Each stablecoin will have core trading pools for arbitrage and price alignment:
•[Fiat Stable] / USTC
•[Fiat Stable] / USDC
Why?
•USTC is the “legacy” stable on Terra Classic; pairing ensures alignment with ecosystem revival goals.
•USDC provides an external stable anchor, strengthening trust and giving traders an exit to widely recognized USD parity.
•Together, these pools create two-way arbitrage pressure to hold fiat stables near their oracle-defined value.
⸻
🔹 4. Oracle & FX Feeds
•Governance-approved oracles provide real-time fiat FX rates (EUR/USD, GBP/USD, etc.) and collateral prices (LUNC/USD, COOKIE/USD).
•Feeds updated every block/minute with medianized values from multiple providers.
•If oracle feed halts → minting is paused until price certainty restored.
⸻
🔹 5. Stability Through Arbitrage
•If a stable trades above peg:
→ Anyone can mint new supply at oracle value and sell on DEX → price pulled down.
•If a stable trades below peg:
→ Arbitrageurs buy cheap stable on DEX and redeem for collateral → price pulled up.
•This mechanism auto-regulates supply and keeps price within tight bands, without seigniorage debt or under-collateralized risk.
⸻
🔹 6. Governance Safeguards
•Over-Collateralization Ratio (CR): Initially 150% for volatile assets. Adjustable by governance.
•Debt ceilings: Limit per-stable supply until tested.
•Mint & redeem fees: Small % fee to deter abuse, fund protocol operations, and burn LUNC/COOKIE.
•Emergency pause: Governance can halt minting in oracle failures or extreme volatility.
⸻
🔹 7. Revenue Model
•Mint/Redeem fees (e.g. 0.2%–0.5%).
•Trading fees from DEX POL pools.
•Allocation of fees:
•% to Community Pool (fund development & chain ops).
•% to LUNC burn (direct supply reduction).
•% to DAO reserve (grow backing).
⸻
🔹 8. Benefits for Terra Classic
•Creates a suite of real, usable stablecoins on-chain, collateralized and safe.
•Brings organic volume to USTC via pairing with every fiat stable.
•Enables arbitrage loops between USTC, USDC, and new fiat stables → deep on-chain liquidity.
•Positions Terra Classic as a multi-currency stable hub, unique in the Cosmos ecosystem.
⸻
✅ Key Difference from USTC Past Failure:
No algorithmic mint/burn, no under-collateralization.
Every stable is minted only when fully backed by deposited collateral.
⸻
We casually burned down 1.57% of the total circulating in about 1 day….
Imagine what we the #Cookiemunity can do in a year 😬
Its about to get real guys, #LUNC 🍪🔥gonna melt some faces and retire some generations.
This just the tip of the ice cream sandwich.
@LuncScan 🫡