Debt repayment plan

Governance & Proposals
1

Step 1
With the current market value of LUNC as collateral, USTC should be denominated at $1
The total USTC target is 1000000000
Transaction tax increased to 3% (2% burns USTC, 1% burns LUNC)
pledged debt
If the target is 1000000000 then there are 8814985458 (9814985458-1000000000) to burn
converted into debt
Let the owner buy the debt and wait for the transaction tax to pay off the debt
Here are 50%, 30%, 20%, 10%
When 50% is returned, it will be returned at 1.2 times, and so on
Debt repayment time sequence is 50%->30%->20%->10%
Because the higher the multiple, the higher the risk

Ratio Quantity Multiplier
50% 4,407,492,729 x1.2
30% 2,644,495,637 x1.4
20% 1,762,997,092 x1.7
10% 881,498,546 x2

E.g:
A buys 1.2 times 10000USTC, and when it is his turn to get it, he can get it back at 100001.2(12000)
B buys 1.4 times of 10000USTC, and can get it back at 100001.4(14000) when it is his turn to get it

Step 2
LUNC floating transaction tax
1.2% 6,893,304,525,579 >x>= 6,000,000,000,000
1.0% 5,999,999,999,999 >x>= 5,000,000,000,000
0.8% 4,999,999,999,999 >x>= 4,000,000,000,000
0.6% 3,999,999,999,999 >x>= 3,000,000,000,000
0.4% 2,999,999,999,999 >x>= 2,000,000,000,000
0.2% 1,999,999,999,999 >x>= 1,000,000,000,000
0% 1,000,000,000

STEP 3
When the USTC repayment is completed, the 2% interest portion is used to purchase USDT, BUSD, and USDC as collateral
USTC transaction tax becomes 2% when LUNC completes burn target
When the pledge amount is reached, the transaction tax becomes 0.5%, and the rest continues to accumulate stored value

2
  1. Your colleteral choices are bad, who told you they don’t fail.
  2. The death spiral should be fixed first before debt repayment. ( truly decentralized funds of the community, not some btc in someones elses wallet to steal)
  3. Increase transaction fee is another horrible idea. Why don’t you get simple toconomics, less fee - more volume, more volume - more use case.
3

Thanks for your feedback, maybe it’s not a good idea, I just want to express that instead of asking others to do something, think about what we can do
Maybe some better ways can be found through discussion
Save yourself, all on its own

  1. Your colleteral choices are bad, who told you they don’t fail.
    => I don’t know, do you have a better idea?
  2. The death spiral should be fixed first before debt repayment. ( truly decentralized funds of the community, not some btc in someones elses wallet to steal)
    => I agree, how? Continue to ask Binance to implement 1.2% off-chain? Always ask others to do something, so what can we do?
  3. Increase transaction fee is another horrible idea. Why don’t you get simple toconomics, less fee - more volume, more volume - more use case.
    => Maybe it’s easy to use, how do you get it?
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4

That’s good. We all learn by communication and discussion.

1.Today most stable colleteral is gold or btc. Gold can’t be decentralized controlled. So BTC is the only option.
The rest numvers were already given with solutions. I never believed in transaction fee 1.2 or any other higher amount. 0.5 is max that I want it to be. Because people chose crypto over bank on that reason.

I think we should start with rebuilding ustc and other stables by sacrificing value locked in lunc. After that the every added value via ustc will be directed to lunc as before. So the volume will increase tremendously.

Lunc’s current biggest problem is extreme fanatics who wants just burn, and they are not letting the smarter people of community to reach better solutions.

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