There are a few minor adjustments remaining. I'm sending the source code to Git, but I'm still going to create documentation explaining the installation process.
#LUNC
#lunccommunity
#luncburn
#ustc
Guys, I was thinking this morning that perhaps we started off on the wrong foot. We have been asking when the re-peg of USTC will happen and how to achieve it, but we have overlooked other ways to reach $1 without re-pegging.
#LUNCcommunity
Folks, since the proposal for the 10x fee increase didn't pass, I'll be 100% focused on developing the MM L2. There are various discussions about the USTC peg and circulating proposals; I'll take a break from this topic to concentrate on MM L2.
@RexYellerBelly
For those genuinely willing to help, the solution is entirely feasible and serious. We've waited for 2 years for a solution, and now it seems to exist.
1/ 1 Almost ready: CEX exclusive for our testnet. This is to test new coins or even assist in the peg test. There will be a bot running 24/7 with over 200k transactions.
#LUNCcommunity
@LunaClassicHQ
Question for the entire community, without USTC peg or repeg guarantee! However, by exchanging $100 from LUNC to USTC and gaining $130 to $200 in EUTC, with the option to revert to LUNC after a 5-day lock-up period, would anyone consider making this exchange?
#LUNCcommunity
#USTC
#lunc
Folks, due to the KYC requirement for volunteers, I'm ceasing my activities on L1. This week, I'll be dedicating myself to a study with a physics master to work on a private project on L2.
#LUNCcommunity
I hope it's clear to everyone, as I keep getting the same questions repeatedly. I've already written an article () explaining everything and presenting a solution similar to what I just published.
I know many are against having an organization, but to push LUNC and USTC to $1, we need representatives to negotiate on exchanges. How to maintain a peg without repurchasing liquidity?
@mandong20733043
Thank you, but my work will be paid when LUNC reaches $1. I believe in the project and I'm consistently accumulating without complaining. As I've mentioned, it's like putting together a puzzle, and once it's all assembled, no one will be able to accumulate at this value anymore.
For those willing to fund projects, I'm not against it, but we have a challenge. We need reserves. Prioritize the basics to keep the blockchain running; the main focus is reopening the Money Market (MM).
#LUNCcommunity
#LUNCLIVE
#luncburn
#ustc
LUNA 2.0 in the hands of the community is a golden opportunity because we would have more liquidity. We could create something sustainable and burn a lot of LUNC. Both coins could grow, and the old investors would benefit from LUNC.
#LUNC
#LUNCcommunity
I managed to create the new arbitrage token on the blockchain and conducted exchanges and transfers very smoothly. It worked without any issues, but I'm still going to work on its business rule, such as dynamic fixing and the smart contract.
3- We have a complete scenario to reach peg safely. I'll be very honest, in my case, I'm focused on burning LUNC, and the only way is to create a token exclusively for arbitrage; that will be my next step.
@LunaClassicHQ
#LUNCcommunity
#LuncBurn
@larrydeadluke
Testing everything: re-peg, new token, Rediline's divergence protocol, and the buyback protocol I'm creating. My next steps focus on a token exclusively for arbitrage. Before the end of the year, I'll publish a roadmap for the next year.
I'd like to announce that I'm going on vacation and will only be back in January as I need some rest. Next year, I can say it's going to be promising for the blockchain. Wishing everyone a Merry Christmas and a prosperous New Year.
#LUNCcommunity
There is much talk about the impossibility of opening the MM, but I will try to explain that it is easier to avoid the death spiral than imagined. First, implement a supply limiter (dynamic, decreasing by 5% per transaction);
Just a reminder to everyone about the importance of the MM. Besides burning tokens exponentially, it will fill the CP and OP. This needs to be the focus; anything else is speculation. Let's have more funds for developers and validators – everyone wins.
#LUNCcommunity
I've read the entire KYC proposal, and it's truly not worth working as a volunteer anymore. I don't charge anything, yet I have to spend $100 for registration. Thank you all for your attention, but my mission ends here.
#lunc
#LUNCcommunity
I have 20 years of experience in software development, and no company here in Brazil dares to update to a newer version if a project is already in production. We always opt for the penultimate version.
Hey guys, I'm making great progress. However, I encountered some issues when adding 2 new coins USTC and ARB on the CEX test, but I'll fix them this week if I have some time.
#lunc
The reason is simple: if every time we start a project for free and the validators change the rules halfway through, all the time and effort will be wasted. I prefer to move forward without having to go through governance.
My priority now is to exponentially reduce the supply of LUNC and USTC. I plan to share positive updates in 4 months, as I believe it's the timeframe needed to develop everything. Thank you all.
@NicolasBoulay
I'm developing MM L2, and Frag's loan protocol is being developed by Ducan. Soon we'll assemble the puzzle, fully operational blockchain.
@LunaClassicLabs
👏👏👏👏 In the end, someone is going to open the MM. Just need to say who and when. Thank you for the efforts. As an investor, I can't wait for this to happen🙏🙏🙏🙏
Good afternoon and Merry Christmas to everyone. What's stopping us from starting a conversation about ANC? I've been reading the documentation and noticed there's community funding there. We need money, so how about not solely focusing on USTC?
2- Because to proceed with the project in the vision I published on Medium, I need evidence. Now, we can create arbitrage bots, transfers between CEX and the blockchain, buying, and selling.
@LunaClassicHQ
#LUNCcommunity
#LuncBurn
#LUNCcommunity
Guys, safety is our top priority. I still believe that instead of activating the EUTC, we should create our own currency for arbitrage. Our goal is to attract arbitrageurs initially to burn LUNC and USTC.
4- Additionally, we need to redesign the business, like having staking for all Terra stablecoins, generating demand and security with conservative investors
@LunaClassicHQ
#LUNCcommunity
#LuncBurn
1- "Guys, just to make it clear, CEX is exclusive to the testnet. This becomes an important tool for a potential test of repeg, divergence protocol, or even listing a new token.
@LunaClassicHQ
#LUNCcommunity
#LuncBurn
I am suspending my work in protest against the vish situation. I hope all volunteers do the same. They are exploiting those who genuinely take care of the source code and the security of the blockchain.
#LUNCARMY
#LUNCcommunity
@ClassyGames_
I have complete trust in LUNC, that's why I develop without charging anything, I am putting together pieces until the puzzle is complete, when that happens you will change your mind.**"
#LUNC
#LUNCcommunity
I am fully in favor of compensating developers(be they L1TF, Samurai, Genoínos, or others),as per the community's choice. However,I believe the PPj proposal was poorly drafted because these professionals are responsible for the blockchain for several reasons:
A MM reopening requires liquidity and reserves, so we need to be prudent. Let's save and avoid burning through our funds unnecessarily, especially refraining from spending everything on development or sending it to operational expenses (OP).
#LUNCcommunity
#lunc
#Ustc
IS THE BLOCKCHAIN DEAD? 1 - Burning at full speed; 2 - Restored IBC; 3 - Updated blockchain version; 4 - Ramp (Terraport in development); 5 - Cross-chain transfers (Terraport in development); 6 - Only a potential re-peg missing (under study). Once the MM is reopened correctly.
@R0STRUM
Please, no fights and no divisions, as this delayed 2 years of development, pushing away great professionals. We need everyone's help! The Quant team has competent individuals, and once we detail everything, any suggestions or criticism need to be carefully considered. (1/2)
Validators casting a "no" vote on proposal 12033 are explicitly acknowledging the potential for legal action on grounds of negligence if malicious code is substantiated. Personally, I would pursue legal action,
take time. People are pushing them, but we need patience. Everything I'm developing has a purpose and protection for the blockchain. I've already developed a decreasing supply limiter, it's ready and functioning. I've also managed to adjust the USTC pin that was at $1, (8/11)
So, let's move forward with the following steps:
Implement staking.
Develop a lending protocol.
Increase USTC transaction volume, such as by requiring that all fees be paid in USTC. This alone would boost the demand for USTC, as transactions would require USTC.
@NicolasBoulay
@Onumomento
Yes, and I'm working on it. We will get there in 2024. By March, I should have the complete report and all the coding ready.
The need to list a new coin is quite simple. We don't have the funds or margin for mint/burn if we open the MM. Remember, in three days, the MM minted trillions of tokens. Now, imagine this potential in reverse? We would burn trillions over time, depending on people (1/11)
on-chain, never listed on CEX. This makes money untouchable, free from external interference like governments. The new token isn't meant to compete with USTC; it's a means to generate wealth, burn LUNC and USTC, bringing money to the blockchain and funding projects. We (5/11)
@TerracVita
@_Terraport_
@Cremation_Coin
I ask Terraport, if possible, to build its own station within Terraport, so we wouldn't need to use Terra or Hexxagon stations. You help the community without asking for a single CP. Thank you very much!😀
@NicolasBoulay
@zkdomains
@wrapped_dday
Thank you for the invitation, but I don't have the time to dedicate 100%. So, I prefer to work as a contributor and not charge anything to help the blockchain. I already have a stable job here in Brazil, and I only develop for the blockchain when I have time.
I'll try to showcase everything that has been done this year on the blockchain and outline a roadmap for the next year. Additionally, I'd like to highlight all the work that L1, Quant, Rexx, Rexyz, ColeStrage, Frag (amazing), and others have contributed significantly.(1/2)
@zkdomains
@mandong20733043
With this, the limiter could open the MM, but let's include more security rules and utilities; something significant is coming.
creating arbitrage bots and observing how everything behaves. If the tests are satisfactory, I'll notify everyone and create a proposal. Then, we need to create a staking method for stablecoins, bringing back conservative investors who can invest their money without risks (10/11)
@ColeStrathclyde
@StakeBin
@mrunners_val
@tera_bitz
@frag_dude
Thank you all for your dedication. I kindly ask everyone to delegate their tokens to those who truly take care of the blockchain, as these validators are heroes. They dedicate time to testing the blockchain, which is very important.
@RexYellerBelly
We'll achieve it, and with your support and the people on the repeg team that you've assembled, we'll get there. They're all competent, which makes everything feasible.
@Clopez_21
Did it cause a headache? I don't recall, but as I said, if there were criticisms, for me, I take it as a learning experience and keep working. What we need is for everyone to come together for a greater good. LUNC at $1.
I hope that with this drop, everyone understands that holding reserves in volatile currencies to back a stablecoin doesn't work. The reserve needs to be 1:1. If the stablecoin is in dollars, the reserve needs to be in dollars. That's why USDT doesn't lose its peg.
#lunc
@mandong20733043
TFL buys all LUNCs from the market with the reserve they have and burns them. The value of LUNC will increase, and consequently, if it reaches $1 with 10 billion LUNCs, they pay off the debt. Hahaha.
Guys, I've made several inquiries, and the new token needs to be listed exclusively on DEX. It's the only way to perform a buyback without requiring KYC; we're decentralized.
1-1 I say to the entire community, is our blockchain a bank or merely a tool for speculator arbitrageurs? I want to store my money on the blockchain, buy euros without the government dictating rules, and transfer it to my family in another country.
@LunaClassicHQ
@RedlineDrifter
Good morning everyone! my part was done, I developed the functionality to reopen the market swap, now I need the collaboration of the whole community to go to the poll it needs to have 1m LUNC in deposit
@LunaClassicHQ
#LUNCCcommunity
#LuncBurn
@NicolasBoulay
@terra_money
DK created a financial system (blockchain) that we should respect his idea for. Every day, I become more passionate about the blockchain. We just need to be different, and investors will notice that. We can quickly reach a $40 billion market value without worrying about burns."
@RedlineDrifter
Thank you for reporting these issues; however, if these are the only problems, I will have good news soon. Have a great weekend. I am just finishing up some tests.however, this does not guarantee PEG.
If we achieve this, USTC would be valued at $0.16, which would instill confidence in investors and drive further growth. We must remember that the more on-chain transactions we have, the more burns will occur, along with other projects like the arbitration protocol.
@RedlineDrifter
@joseluis0473
They did exactly what was proposed, and it's not easy to develop all the theory and reports. I believe in your work and respect it. The community needs to be more grateful because taking risks is part of success.
I understand that developers who don't review and approve the code don't need to undergo KYC. However, all developers and teams involved in reviewing and approving the source code are the ones who indeed need to undergo KYC.
Possibly I will not have support from the Quant team to test the algorithm. To do this I would have to assemble a team and be 100% dedicated, today there is no such possibility, I would like to remain only as a collaborator. I am not here to create divisions and war. Sorry!
@RocketLunc
@MrDiamondhandz1
I don't care about the authorship of the solution; I just want it to work and achieve the $1 goal. Even if it means giving up everything I've done before, I have no vanity; I just want to retire.(1.2/1.2)
@RedlineDrifter
@DawidSkinder
@RakoffToken
"Exactly what I tell everyone, developers should do it on L2, as it's possible to do a lot without needing governance, which only hinders processes. I just hope they stop with this story of raising taxes and fees and don't hinder those who are trying to do something useful."
@RexYellerBelly
Just to explain, this is the work of the arbitration protocol. We managed to bring all the MM from classic to the protocol, now we just need to make adjustments to the protocol."
The first question should be: how can we reach a market value of $1 billion?
I have some suggestions that should be addressed before considering re-pegging, especially since many are reluctant to work on stablecoins due to regulations.
@RexYellerBelly
@RakoffToken
@_Terraport_
With Frag, Ducan, and Redline, and other people on the team,the project is serious and has everything to succeed.
@luna_lover69
Thank you for the invitation at the time,but I'm focused on the arbitration token.If everyone builds something sustainable,LUNC and USTC will reach $1
@AltCryptoGems
Good projects are happening behind the scenes and are rarely talked about. It seems that everyone prefers to develop in silence, which is something even I am doing.
What I'm about to say will generate more controversy, but in my opinion, not even USTC should have been listed on CEXs. Just listing LUNC would have been enough, and the whole ecosystem would be working perfectly. LUNC is the currency of exchange where it's entirely speculative.
Traduzir para inglês: cara o pensamento de nos é toda comunidade está errado, há pensou em fazer um split reverso no LUNC ? 1/4. O valor de LUNC iria subir e poderíamos restaurar USTC, pois teríamos margem de cunhagem e reserva.
#LUNCcommunity
#lunc
@frag_dude
I didn't even realize the power of smart contracts. I'll delve deeper into RUST. Thank you for your outstanding work and solutions that don't require altering the blockchain's source code. It's truly sensational.
@TheVinhNguyen4
Excellent work! That's technology for you—unforeseen errors can happen, but what matters is fixing them. We're making a lot of progress, congratulations! Just a reminder, they review all the code when asking for a merge and guide towards following the standards and improvements!
Good morning LUNC community, Validators, Developers, and Quants, I hope this week is prosperous for everyone. Wishing you all a great week!
@LunaClassicHQ
#LUNCCcommunity
#LuncArmy
@RocketLunc
Sorry, but this kind of joke doesn't sit well with me. I don't agree with the proposal, but I'm grateful for everything he has done. In the end, everyone has different thoughts, but they try to contribute to the community, and that's something I admire and respect.