currently some people are just burning their own money, without getting anything in return… imagine if people got some kind of rewards?
terra should sell nfts for luna and then burn the luna they received. nfts should be limited according to their prices, let’s say 4,200,000 nfts for the lowest tier for something like 42,000 lunas. that would be 176,400,000,000 per each unique nft. let’s say they have 10 different nfts at this price point… that would be 1.764t! sure they wouldn’t sell all of em but they would sell a decent amount in this tier i believe… even i would consider it, to have some memento from this historic event. something to remind me that i was part of all this.
then 69,000 nfts for 690,000 lunas, that would be 47,610,000,000 per each nft. let’s say they have 50 of them… 2.38t. this tier would be appealing for bigger investors. it’s significantly more expensive and won’t sell as much as the first tier but can make an actual impact. if someone bought millions of luna and believed, they would consider. i mean, some people are burning millions at once just to help luna community. this way they would at least get something in return.
then they could have unique, more valuable maybe limited to 100 per each kinda rare nfts.
let’s say they have 500 different nfts at this tier for whales! each costing a whopping 100m. that’s 5t lunas!
then some really unique ones, one of a kind nfts… maybe even big exhanges would consider buying it? for publicity etc. these would be expensive tho. like 100b lunas or something. not for your average individual. most wouldn’t sell but even a single sale would help at this point. i imagine even a few youtubers might do it.
i can see a mr beast video sponsored by binance buying an nft from this tier… even billionaires like elon musk or mike novogratz might buy some. yeah mike lost a lot and probably angry about luna, but at one point he believed in this project and got that tattoo! he loved luna and might consider helping it, and he can also understand all those people who lost their money.
most important part, don’t burn the lunas during this period. do it for a month, 3 months… depends on the sales. gather all those lunas in separate wallets so people won’t know how much terra got, can’t display remaining stock for nfts either, well duh… otherwise people could calculate it.
that way supply won’t decrease so the price won’t skyrocket instantly because that would prevent nft sales for sure, the whole idea would fail… then burn them all at once! this could get rid of trillions in a few months if the community helps. at this point luna would gain trust again. let’s say half the lunas got burnt, that would increase the market cap like 10x or something… everybody would win.
got great results but not enough yet? do it again… adjust the prices accordingly create a new set of nfts… if the first phase succeeds, that would allow 2nd or even 3rd phase to reduce luna supply significantly.
and hey, these nfts, especially the higher tier ones can get some value overtime. so people wouldn’t just burn their money. burning luna would be another kind of investment…