Why you should be buying $UST for short term gains and not $LUNA
Lets dive in
10% - Luna holders (staking derivatives included) at the “Launch” snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter
25% - UST holders at the “Launch” snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter
05/27 - Genesis file created from final launch snapshot
$UST provides the largest allocation of Luna2 tokens
The snapshot takes place on May 27th
Whales / VCs who got rekt in Terra who want to have a large slice of Luna 2 need to accumulate as many $UST tokens as possible
$UST has 11bn supply
$Luna has 6 trillion supply
$UST is currently outperforming $LUNA rn like crazy
My doubt on this is what will happen to UST in the old chain after the snapshot? maybe this is more clear on Luna, and it creates a unexpected risk on holding UST until 27 ?
USD$1000 invested in UST current price 0.12 = 8333. 8333/11,000,000,000 = 0.00000075 0.00000075 * 250,000,000 = 190, so 19 new luna tokens immediately.
USD$1000 in Luna (currently 0.00021) = 4,762,000 4762000/6,500,000,000,000=0.000000732 0.000000732 * 100,000,000 = 73.2, so 7.32 new Luna tokens immediately.
For this thread to be true, the proposal of Do Kwon should be accepted, which still didnt happened. i wonder if that is the main factor which explains how both luna and UST have still around same marketcap, when based on this numbers the cost opportunity would be only equal when UST is 2.5 times with bigger cap than Luna
Mr. Genius, are we supposed to waste thousands on that shit to be airdropped with few bucks? Yaaay, let me buy 10k worth of the almighty UST to receive a whopping 5 LUNA…