DrTekdal
448 posts
$LUNC is on FIRE! 🔥 Terra Luna Classic is shocking the world up 28.46%, trading 264 million in 24 hour volume, and now ranked #72 in the world! 🤯 It’s time for Coinbase, BinanceUS, Robinhood, and cryptocom to list #LUNC! Tag them below and tell them you want LUNC! 💎🤲🏻
I am currently looking into this and working with the @LBank_Exchange team to clarify and lift this request from a "Team Member" If anyone knows anything about this, please come forward. I would like all of you in the #LUNC community to share this to find out who requested this.
Who contacted L Bank and said they were the PROJECT OWNER for LUNC? Automatic ban from creating proposals and working on this chain. There is no place for people to manipulate this community and lie to exchanges on behalf of a DECENTRALIZED COMMUNITY CHAIN! #lunc #GreenpeaceUNITED
--- **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. --- **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
