Hello i want to ask something about my personal opinion with this current situation of luna classic. and this is maybe help for the community
First to do is set a maximum supply to ensure the minting is stopped. terra can set total maximum supply is based on total supply of lunc. this is to gain and improve trust for new investor and maybe new developer to build on Lunc
After maximum supply has been set. second things to do is redenomination with ratio 1000:1 (1000Lunc : 1New Lunc) and price too
this redenomination won’t affect anything for. marketcap / price still the same.
Example how to redenomination works
(Ratio 1000:1 Lunc)
Price Now (USD) : 0.00007018 / LUNC
Total Supply Now : 6.9 T
If the redenomination:
Price will be : 0.07018$ / New Redenomination Lunc
Total supply will be : 6.9 B
Last for the step : taxes / Fee will be re-calculated for the same ratio of redenomination.
thankyou. all comment will be appreciated