Hello everyone-our Lunc blockchain is in need of 2 things currently -funds and repegging USTC. We are almost like a new chain starting out from a funds on hand perspective. What do other chains do in this situation.? They seek venture capital. I Think partnership with a venture capital or preferably an exchange would be our best option to get back on our feet. We could have VC or echange buy up all the ustc possible put it on terra station or their exchange and have a contract to not sell it for less than .01% of a dollar ever. Have a range of 99.9 to 1.05 for the arbitrage and burn to work. Reopen something similar to anchor and pay something sustainable such as 10%. The venture capitalist would provide liquidity and still make a killing on the valuation after purchase so they would to split the profit of their purchase price with the chain or a agreeable percentage to both parties in a contract. With a repegged USTC and a guarantee to never depeg we could become known as the undepeggable stable coin. Whoever the VC or exchange we pick would be voted on. In summary this proposal is for lunc community to seek a venture capitalist or exchange to buy up large percentage of USTC and have on their exchange or terra station,provide liquidity and have in their trading formulas to never allow a bid/trade below 99.9 cents. The vc or exchange would agree in contract to give a large percent of the realized initial gains back to Lunc community but would not share in other gains that we currently have such as burn fees,on chain fees ect. please conside this proposal-we can make Lunc great again.
Submitted
12 Sept 2023, 00:57:55 UTC
Vote closed
19 Sept 2023, 00:57:55 UTC
Not approved
The proposal did not produce an approved governance action.
Current or final voting power, calculated from the on-chain tally.
Quorum
Reached
Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.
Manual success criteria required
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/cosmos.gov.v1.MsgExecLegacyContent/cosmos.gov.v1beta1.TextProposal43.31% participating
Approval
Below threshold
3.95% decisive Yes
Veto
Below threshold
0.00% of participation
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