In theory this is a good idea, but in reality it’s not that easy. The moment they start buying the price goes up, and the more they buy the higher it goes.
My plan was something similar and can be done with an independently run Classic Nerwork.
Obtain collateralized debt and throttle buyback and burning so it is done in smaller increments.
It could be done with $100 Million to start
Buy up over a longer period, then once you purchased the full amount, burn 75%, and save 25% to repay the entire loan in the future.
Say with current rates, and expected rise of a few pennies average reLized price is $0.05/UST.
That means we buy 2 Billion coins in total.
We burn 1.5 Billion of them and put the remIning 500 Million UST aside for later.
The price will start to move up due to the burn and the collateralized debt consisting of 500 Million UST is backing it up adding more value.
While this process is going on we are further adding coins as we ALSO implemented a 3% tax which half goes to burn.
So by buying 2 Billion UST tokens we also sent an additional 15 Million Tokens to be burned and 15 Million tokens to back up UST. so total is now 515 Million.
Added the transactions from both LUNC & UST others adding to the tax fun of which half is burned, and this begins to snowball.
Similar process for LUNC as well.
On e we repeg, that 515+ million UST That cost us $100 Million is now worth $515+ million. Payback loan and that leaves us with some solid backing. We can then sell and buy more safe investments with that money to back up UST giving LUNC value.
This is part of my plan