Quantity is not the reason for the sluggishness of the Terra Classic system. Please stop burning and plundering, and focus on development

Proposals
1

Current Situation

  1. The current destruction rate is extremely low, taking several hundred years to complete;
  2. Destruction is essentially a plunder of liquidity;
  3. The current market value continues to decline, and customers are losing interest;
  4. The quantity of LUNC is not the fundamental cause of the system’s downturn; trust is.

Proposed Plan

  1. Establish an excellent oracle;
  2. Implementation based on USTC:
    (1) For 90 days, all USTC in wallets will be linearly frozen, and the frozen USTC will be automatically converted at a 1:1 ratio to SDR;
    (2) Wait for the USTC fair price to reach $1 or the quantity to reach 1 billion, whichever comes first (at this point, everyone’s USTC holdings remain unchanged, and SDRs are effectively given away for free)
    (3) Establish SDR/USDT (USDC);
    (4) Provide liquidity for SDR/USDT (USDC) with incentives ranging from 1% to 18%, where SDR holders’ tokens are linearly unlocked and 50% is donated;
    (5) SDR and its liquidity are periodically converted into USTC and injected into MM2.0 to provide liquidity.

The community shifts focus to technological development and trust-building.

Community funding is limited, and validator rewards are also limited. Only by uniting can we attract market attention.

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