Burn mechanism on transactions 1.2%

I agree with you on USTC and fixing that. This is 2 projects under one ecosystem. Over time we can reduce the LUNC circulating supply, which a tax will help with imo. My plan calls for a 1% (in extreme conditions can be increased as a temporary measure), of which only half are burned. The other half goes to the UST funding pool. This is how we start refunding and repegging USTC.

Alao as unpopular as it may be we also need to do the same on USTC. Right now its not behaving like a stablecoin anyways. Those that are buying it, are doing so on speculation that it will increase in value, not for the safety of a stablecoin. THAT will change back over time and when that does, the tax would be removed.

That said there IS A LOT more that needs to be done than burning supply. We need to reopen staking for example. We cannot do that until we fix certain issues and put safeguards in place to prevent a 51 or similar attacks.

You can see my plan here. I plan on posting tonight or tomorrow on Station.

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