1 Lunc for 10 held CONSOLIDATION - Burn 90% INSTANTLY

Minting cannot be enabled as it could make things worse by increasing the number of tokens in circulation. :man_facepalming: What you say has no foundation.

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@Vendrugo not sure if English is your 2nd Language - BUT no where does it say or imply MINTING so your comment has no substance / foundation - perhaps read again from the beginning.

Consolidation REDUCES the amount of LUNC - NOT increase it.

@Ralph_S Personally I am not a Fan of repegging USTC for a number of reasons. USTC is what got LUNA into this mess and with TFL and LFG not only holding large volumnes and will likely be tied up in legal proceedings for years to come, LUNC needs to fully distance itself with an alternate AFT.

I would support a repegging with an alternate AFT (Algorithmic Fungal Token) instead as long as we have much better pegging controls and more importantly critical emergency protocols that pushes the data to validators.

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I am not supportive of the dilution, however I am supportive of being taxed with a lower amount of consolidation and the proceeds used to provide collateral as per Alex proposal. Still Messy for people who dont know how this works to benefit the community.

As the LUNC Community certainly appears to be against Dilution - THEN ITS TIME TO RIP THE BANDAID OFF and needs to be open minded to understand and consider how a Consolidation of 1 for every 10 is important and why it works and how the LUNC Blockchain can be fully resourced to deal with everything to strengthen the entire LUNC network.

  1. This Solves the issue of reducing supply down to 690B instantly, (not over many years).
  2. Instantly BURNS 90% of supply = 6.21T instantly BURNED
  3. 50B of the 6.21T being burned to be allocated for repeg collateral for a new AFT (USTN)
    (Applying 1/10 of the 500B Alex indicated for a repeg in his proposal)
  4. another 50B of the 6.21T being allocated for additional resources as proportionally required for Devs, Marketing, Utility Onboarding, Validator and Stake Rewards, and other necessary projects to strengthen and attack proof the blockchain.
  5. Solves the collateral funding complications.
  6. Solves legal and regulatory issues around USTC to create a new AFT (USTN)
  7. It fully recapitalises the LUNC Blockchain development with necessary resources it will require moving forward.
  8. Provides instant separation from Do Kwon and TFL and that of their impending legal woes.

NEW look of LUNC
690B supply + 100B Bolster resources for LUNC
New Collateralised AFT (USTN)
Repegged and Swaps Activated
Devs compensated and additional Devs can be hired.
Devs become well resourced.
Devs able to speed up safety protocols and testing so as to implement all the relevant features to safeguard the blockchain.
Marketing Overdrive.
Onboarding Teams for Future Business Management, Utility Development, Utility Collaboration, Utility Networking Opportunities.

CONSOLIDATION does not reduce the Market Cap of LUNC. Value of your investment does not change, it actually improves with the immediate effect and will still have short term and long term advantages that will occur in a much short time frame.

It ONLY reduces the number of coins you hold and the retained LUNC is proportional revalued to the Market Cap. (in effect the LUNC retained would be worth 10x more) NO LOSS OF VALUE.

When the Consolidated LUNC ever hits $1 it just means your LUNC today was only worth 10c.

BURN TAX OPTIONS
ON Chain Burn Tax could be reduced on the buy and sell to 1%
OFF Chain Burn Tax could be reduced to 0.02% (1/5 of 1%) subject to CEX discussions.

USTC Holders could be compensated over time with escrowed monthly installments after the LUNC Market Cap reaches certain Market Cap levels as tranche payments to avoid massive sell off pressures. (Higher tax levels to be implemented for any high volume sell offs via Capital Control Systems.)

USTC Holders should be provided some pathway to some level of compensation with mechanisms as outlined to provide confidence to future investors in a new AFT. Looks BAD if they are abandoned. This in effect becomes a tradeoff as the lost opportunity and customer retention value will still come at a cost in time and resources required to rebuild trust in a new AFT.

example only.
LUNC MC hits 10B then 20% to be released as tranche 1
LUNC MC hits 20B then a further 20% to be released as tranche 2
LUNC MC hits 30B then a further 20% to be released as tranche 3
LUNC MC hits 40B then a further 20% to be released as tranche 4
LUNC MC hits 50B then a further 20% to be released as tranche 5

No one is disadvantaged and no one gains an advantage - MUCH FAIRER OUTCOME

@ek826 @StrathCole @wrapped_dday @Zaradar

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If you give 20% fake interest to the wrong ustc and put the nation into this game and pump lunc, this is nothing but manipulation.

Sorry I should have been more detailed.
It wouldnt be 20% of interest, It would be 20% of the agreed compensation amount at agreed upon Market Cap levels being reached.

example only.
LUNC MC hits 10B then 20% of agreed compensation to be released as tranche 1
LUNC MC hits 20B then a further 20% of agreed compensation to be released as tranche 2
LUNC MC hits 30B then a further 20% of agreed compensation to be released as tranche 3
LUNC MC hits 40B then a further 20% of agreed compensation to be released as tranche 4
LUNC MC hits 50B then a further 20% of agreed compensation to be released as tranche 5

Upon a 50B Market Cap being achieved the USTC holders would be 100% compensated at an agreed level of compensation and that USTC would be held in Trust by the community pool in the event they ever become of value in the future.

No one is disadvantaged and no one gains an advantage - MUCH FAIRER OUTCOME

BEFORE CONSOLIDATION
You have 100 notes and each is worth $1 in your pocket.
You therefor have $100 in Value in your pocket.

AFTER CONSOLIDATION of 1 for 10
You would have 10 notes and each would be now worth $10.
You still have $100 in Value in your pocket.

The value of LUNC is dictated by the Market Cap.
Market Cap divide by Total Supply of LUNC equals PRICE per LUNC

After the Consolidation, the Value in the Market Cap will likely increase with such a drastic supply reduction.
OTHERWISE THERE IS NO POINT IN REDUCING SUPPLY!

This Consolidation WILL Burn / Remove 6 Trillion LUNC from current supply INSTANTLY.

No one is disadvantaged and no one gains an advantage - MUCH FAIRER OUTCOME
Reaches all Holders including the Whales.

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It does not burn/remove anything. It’s not creating any value. Stop confusing ppl. NO!

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So what would you call a 6 Trillion reduction in LUNC supply after a Consolidation ?

IT GETS DESTROYED / BURNED - DISSAPEARS FOREVER / NOT SEEN AGAIN

Seriously go read how it works - google is your friend - IGNORANCE IS NOT AN EXCUSE

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No, it’s not burned nor destroyed. It’s consolidated, and it’s HUGE difference. Seriously, stop lying.

:man_facepalming: :man_facepalming: :man_facepalming: :man_facepalming:
Go look up what Consolidated and Consolidation means in the dictionary.

Consolidation reduces the total supply - think of it as a 90% instant tax that is burned.
This leaves only 10% in circulation which would equal 690 Billion.

Sheezus the LUNC community is screwed with this low level of thinking.

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You clearly dont understand it. 3-5 years LMAO - will be more like 10 plus years.

Your wealth is determined by the Market Cap.
The LUNC is priced according to the Market Cap divided by Total Supply.

How many LUNC you hold should not be your focus, its the wealth you have before and after consolidation.

If the MC is $2B now and later becomes a $10B MC. Your wealth just increased 400%

Having less supply strengthens and tightens the demand for LUNC.

Foolish to believe LUNC going to $1 anytime soon until a massive supply is burned.

10B supply with a $10B MC makes LUNC worth $1 each

6.89 TRILLION has to be burnt to achieve 10B supply - LMAO do the maths

A consolidation of 1 for 10 is the best head start as restarting from a 690B supply has a more realistic possibility in achieving the FANTASY 10B supply.

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What a headache reading and re reading the proposals.
None appear to be workable on their own and can see merits that would need to be blended.
Need to see AMAs and civil discussions among the proposers.

Repegging with a new AFT i would support.
Repegging with USTC I would not support.
LUNC needs to distance itself as far as possible from TFL, LFG and Do Kwon and any current and future legal issues.

Going to say it again!
The whole LUNC community ultimately participates.
Cleaner, Faster, and Fully Resources LUNC Blockchain program to move forward.

Best to do a 1 for 10 Consolidation
**Reduce to 690B circulating supply plus 50-100B to fully resource **
Allocate from the burn pile 50-100B LUNC to fully resource the blockchain.
Collateralise a new repegging AFT (USTN)
Devs, Rewards, Audits, Security, etc to be divided and allocated as deemed necessary.

LUNC Blockchain would in essence have a reduced supply, be now fully resourced, be repegged with new AFT, Devs would be compensated and be able to begin hiring additional talent to balance the workload and drive hard and fast implementing all the relevant safety mechanisms and protocols to protect the chain.

Consolidation solves many issues in 1 major action that the community as a whole would equally be affected and be equally benefiting as no one is disadvantaged and no one gains an advantage. Much fairer outcome all round.

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Form a Multi Layered Council for LUNC - Governance & Proposals - Terra Research Forum

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The problem with a reverse split, is the impact on those that are still holding their original bags from before the crash. there are plenty of holders out that are still holding pre-fork.

if we reverse split, they will lose much more than they already have.

That argument is so very much flawed.

Classic example.
A business acquaintance of mine invested approx $100K USD with an average cost of 65c

His $100K investment only provided 1,500 LUNC before the crash. It wiped him out.
(He eventually did buy more with some encouragement, after I brought my first 10M LUNC for $1K)

His original bags are pretty much worthless today (Value today $50 USD).
1500 lunc at 10c = $150. Its still the same value with 150 Lunc at $1 with a 1 for 10 consolidation.

The Picture
$100K USD per crash = 1,500 Lunc
$1K USD after crash = 10,000,000 LUNC
Even if you brought today
$3K USD after crash = 10M LUNC

Consolidation of 10M Lunc (brought after the crash) will still provide 1M Lunc holding

Pre-Fork holders who have not brought up more LUNC will NEVER recover from their losses, so there is nothing much to hold onto.

LUNC is not going back to the $100 glory days anytime soon.
The only way to move forward for pre-crash holders to have any hope of recovery is to buy more LUNC while we have a $2B MC

If LUNC reaches a $1 after consolidation, it only means LUNC without consolidation was worth 10c.

Consolidation speeds up the program for recovery, removes massive supply, tightens supply and demands that will see MC improvement, and more importantly can fully finance the repeg of a new AFT and fully resource the blockchain for ongoing improvements and developments.

Really is not that complicated to see how this is WIN WIN WIN situation for all LUNC holders.

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ERROR in above sentences ---- 65c should read $65 and his current original bag value is not $50 should read 50c

Classic example.
A business acquaintance of mine invested approx $100K USD with an average cost of 65c.
This should read as $65 per LUNC

His $100K investment only provided 1,500 LUNC before the crash. It wiped him out.
(He eventually did buy more with some encouragement, after I brought my first 10M LUNC for $1K)

His original bags are pretty much worthless today (Value today 0.50c USD).
1500 lunc at 10c = $150. Its still the same value with 150 Lunc at $1 with a 1 for 10 consolidation.

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USTC Holders could be compensated over time with escrowed monthly installments after the LUNC Market Cap reaches certain Market Cap levels as tranche payments to avoid massive sell off pressures. (Higher tax levels to be implemented for any high volume sell offs via Capital Control Systems.)

USTC Holders should be provided some pathway to some level of compensation with mechanisms as outlined to provide confidence to future investors in a new AFT. Looks BAD if they are abandoned. This in effect becomes a tradeoff as the lost opportunity and customer retention value will still come at a cost in time and resources required to rebuild trust in a new AFT.

It wouldnt be 20% of interest, It would be 20% of the agreed compensation amount at agreed upon Market Cap levels being reached.

Community Agreed Compensation would need to voted upon and as an example only may be 25c in the dollar - (100c in the dollar UNLIKELY).

Community Vote needs multiple choice selections IMO to be precise in one vote what the community would find tolerable. 0 - 10c - 20c - 30c - 40c - 50c - 60c - 70c - 80c - 90c - 100c.
(Terrastation would need an upgrade for this style of multi choice voting)

example only.
LUNC MC hits 10B then 20% of agreed compensation to be released as tranche 1
LUNC MC hits 20B then a further 20% of agreed compensation to be released as tranche 2
LUNC MC hits 30B then a further 20% of agreed compensation to be released as tranche 3
LUNC MC hits 40B then a further 20% of agreed compensation to be released as tranche 4
LUNC MC hits 50B then a further 20% of agreed compensation to be released as tranche 5

Upon a 50B Market Cap being achieved the USTC holders would be 100% compensated at the agreed level of compensation.

No one is disadvantaged and no one gains an advantage - MUCH FAIRER OUTCOME

For the record not a USTC holder and only invested in LUNC after the crash. It just makes commercial business sense to keep USTC holders involved in a different manner

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Well isn’t that just selfish? I barely have an lunc but i dont care if it gets reduced to almost nothing. The value remains. Just the numbers reduce and trust me, if we reduce 6 trillion, we are automatically going to attract more people to invest.

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The SMEAGOLS just dont get it. LMAO

Calling all LUNC Smeagols !

Which has more value and WHY ?

10 LUNC x 10c
or
1 LUNC x $1

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Absolutely not. You try to attempt a fork and this chain will get dumped on like its world war 3.

And to be quite honest, this will never pass proposal. I for one will be voting No.

I do not understand why people are trying to recreate the wheel. We had 2 proposals put forward 3 weeks ago that were both quite well written and planned. Why is everyone quiet on that?? Lets put one of those to vote and get on with it. That system will burn properly all in due time. No need to rush it.

Vote no on fork folks!!