Are these volumes legit for the utilisation of Redbank? If so how can we verify them?
On their website it shows zero for deposits etc.
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As of march yes those calculations were done for LUNC without exact decimal measurement. They will need to be recalculated when proposed by our dev team on the mars forum at a later date so thereās no need to be extremely precise. I wrote scripts to be used on trading view to get these calculations myself and that was the simplest way to do it for me. If you would like to request the scripts for yourself I will gladly provide them however this is just a signal post for our developers to jump through the necessary hoops on behalf of our blockchain to get us to qualify for the listing. (Which only has 2 or 3 small issues that they would need to addressed)
As for borrowings and holdings on the redbank it shows 0 when there is no wallet connected to it if I remember correctly so itās just a gui needing to be populated.
Please also note to check your local state or province if you are allowed to use this protocol in your region.
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@Parker_Lowe Thank you. I am wondering what is the volume and use of Redbank as a whole? Are those figures you proposed LUNC volume projections? Iām basically asking, how active is Redbank, are people using it, how much volume does it get overall, to judge whether if itās worthwhile taking the effort to have LUNC listed there. I donāt need exact methodology behind figures just a reasonable explanation. Regards.
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Well considering that the majority of previous deposits for other coins reach maximum loan utility. I would assume that since we asking for the initial deposit request to be 25 billion LUNC and assume we reach full loan utility then we would have 25 billion lunc on loan daily. That does not mean it will be used to transact however logically assume the majority of it is then assume that a reasonable range would be 24.5billion lunc in volume on loan. Futhermore other credit protocols also require similar audits to be performed and this is beneficial for all credit protocol listings in the future. Lastly it is important to note that when maximum deposits and utility is reached it is when a new deposit cap needs to be proposed. I think someone in the comments said maybe the initial listing should ask for a initial 50billion maximum deposit because theres so much lunc in circulation it would probably immediately reach maximum deposit and loan utility status.
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Sounds good to me.
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This is a really good idea man, Yes from me!
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$LUNC <> $USK recently received unanimous vote of approval to deploy on FIN Market
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Yes for sure
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Yes from me.
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This looks like it has potential. 
Tho Iām wondering whether MARS will block it.
LUNC isnāt exactly in demand these days, and the chain itself is a laughing stock in the Cosmos.
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Thanks for the effort to put this up, sounds good
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The RedBank is in eagerly seeking new tokens for listings, personally I see no problems with listing as long as we get the audit performed and bug bounty program. I feel strongly that securing a listing within the RedBank will re-establish LUNC in the cosmos greatly and promote wealth and opportunity for all LUNC and MARS holders.
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I wish the developers to fix the errors in the oracle, and not to play for % more, but to start creating a structure and benefit on the lunc blockchain, p2p, defi, innovative technologies and everything else, the more the better.
Need both LUNC and USTC listed not just LUNC
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Actually, the cryptocurrency is inflationary. More coins are minted than burned. But the proposal is good
Nobody cares about ustc baggies
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We do not mint any LUNC; these are undelegations that are added back to the supply. The same happens with delegations, only that it is subtracted from the supply.
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As a matter of fact, LUNC is fully deflationary even with those delegation/undelegations.
Our Circulating Supply has reached the Total Supply which later is reduced on a daily basis due to Burnsā¦so out inflation rate <0%
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That is absolutely correct. I have been tracking the data every minute and I am saving it in a database currently. That enables us to make a dashboard in which we will be able to see it to the minute. LUNCDash wasnāt tracking it anymore and I thought making a temporary solution is useless. So I made it and Iāll host it on AWS or something today and make it public. Iām thinking of extending that dashboard with more such on-chain data. We should have some pretty charts to look at for this circulating supply initially. We can decide after that whether itās reducing or not. As far as I see it also, itās reducing by burning most probably.
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yes you do, womhole and mirror allows this