Introduction
This proposal will increase the assets in Terra Chain to be ready back up the USTC. price when repeg starting in the next coming soon. My idea will help 3 party: investor/Cex.(Binance)/Terra Chain earn profit without any loss and attract more investment from new investors. This idea I call it “Zero Risk High Profit” (ZRHP.)
If my proposal passed it will help to reduce Lunc in the circurating supply around 150-300Billion/month and increase the value of the asset by the same as supply reducing.(150-300Billion)x(Lunc. market price)
The chart above explain the rough concept how repeg the USTC with Lunc. But my key points is increase the funding and reduce supply by ZRHP.
What is the ZRHP process work/ how the 3 parties get benefit and who must to support this concept to be real.
Slowly read and understand above chart. It explain the loop flow and how 3 parties earn benefit.(Win-Win-Win)
1.Investors buy Lunc and store to his wallet in BN.
2.Investor inlet to ZRHP spent 0.2%(0.1% sent to burn, 0.1% sent to Terra Chain Asset) ZRHP useful to get a chance to earn profit 2 ways without risk to loss and the investors who not join no need to spent.
3. When ZRHP begin: BN. move Lunc to sub-wallet in BN. and convert to BTC, in the same time BN. reserve the same amount of Lunc for back up. So, investors have 2 withdrawal options.
3.1 When BTC. price increase: Example: Investor join ZRHP. amount 0.2BTC after convert Lunc at BTC. price is around 29,000 USD. when the BTC. price increase higher than 29,000 USD. they can choose withdraw in the BTC. and earn the profit from price difference.(0.2BTC x (price difference)) and BN. will pull Lunc back.
3.2 When BTC. price decrease: They can choose withdraw in the Lunc. It’s mean Investors deposit in Lunc and withdraw in Lunc. and BN. pull BTC. back.
3.3 When Lunc price increase than BTC. They choose withdraw the Lunc.
3.4 When Lunc and BTC. price decrease, they need to hold it all.
As I mention above, BN. is the key person who will support this proposal to be real.
Why Binance need to support us?
BN. always great partner with Lucn communities and they spent 50% fee their own to burn Lunc every month. ZRHP will be the tool for burning the Lunc instead, In additional BN. will earn more 0.1% fee when Lunc. swap to BTC in ZRHP. project.
Proposal
Go into detail on how this proposal will help tackle or resolve the issue.
Lay out the action items in clear terms with defined time lines
Target burn 3.5T and earn asset 3.5T in 1 year.
Calculate from Market Cap 659.1M with currently Lunc’s price(0.00011USD)
If investors join ZRHP around 50% of market cap, The Lunc will burn 3.5T/year.
I will leave this proposal 3 days for discussion before upload to Terra Governance.
If this proposal pass, I will back to present the detail of Re-peg and Fluctuation Control System.
Regards,
