The above reverse stock-split sounds simple— but crypto and stocks are as different as apples to oranges.Terra (LUNA) Circulating Supply | Messari https://fcd.terra.dev/v1/circulatingsupply/luna 30 days ago, Luna Supply was sitting at roughly 350 million (350,000,000), now we have over 6.5 trillion (6,500,000,000,000) Luna's running around. Terra (LUNA) Circulating Supply | Messari Luna Supply has increased by approximately 1,870,391%, meaning there are 18,703 times more Luna in circulation, and the sentiment across the board by the community is to promote burns as much as possible. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu Please Be Advised: Luna wallet balance cannot be checked on Terra Finder Address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu | Terra (bitquery.io) Lunatic Community Collectively Sends 192,710,000 Luna to the Burn Wallet 05/22 - 05/23 Lunatic Community Collectively Sends $47,000 Luna Sent to Burn Wallet in the Month of May So Far Crypto Exchanges Start Voting On Joining the #BurnLuna Bandwagon CZ Recommends Do Kwon Does Buy-Backs/Burns as Opposed to Fork Do Kwon Advising Community To Stop Burning What does this all mean for Luna?Market Cap = Circulating Supply x Price $1,040,313,769 = (6,536,317,779,064 Luna) ($0.00016) Luna Market Cap = $1,040,313,769 Circulating Supply = 6,536,317,779,064 Luna Price = $0.00016 Sources: Terra price today, LUNA to USD live, marketcap and chart | CoinMarketCap https://fcd.terra.dev/v1/circulatingsupply/luna Hypothetically, if the supply was to be cut in half (Market Cap is not affected by burns):$1,040,313,769 = (6,536,317,779,064 Luna / 2 ) x Price $1,040,313,769 = (3,268,158,889,500 Luna ) x Price $1,040,313,769 / 3,268,158,889,500 Luna = Price Price = $0.000318 Supply Cut Down to a Tenth (1/10) [Less than 1 Trillion]:$1,040,313,769 = (6,536,317,779,064 Luna / 10 ) x Price $1,040,313,769 = (653,631,777,910 Luna ) x Price $1,040,313,769 / 653,631,777,910 Luna = Price Price = $0.0016 Supply Cut Down to a Hundredth (1/100) [Less than 100 Billion]:$1,040,313,769 = (6,536,317,779,064 Luna / 100 ) x Price $1,040,313,769 = (65,363,177,791 Luna ) x Price $1,040,313,769 / 65,363,177,791 Luna = Price Price = $0.016 Supply Cut Down to a Thousandth (1/100) [Less than 10 Billion]:$1,040,313,769 = (6,536,317,779,064 Luna / 1000 ) x Price $1,040,313,769 = (6,536,317,779 Luna ) x Price $1,040,313,769 / 6,536,317,779 Luna = Price Price = $0.16 After cutting the supply down to the thousandth of the current supply:6.5 Trillion => 6.5 Billion (Still 18X higher than pre-crash levels less than a month ago in April [350M])$0.00016 => $0.16Essentially 6,529,775,053,235 Luna was burned (99% of current supply) which would have cost someone $1 Billion Dollars ($1,000,000,000) to accomplish. Just so you know, 80K bitcoin is around $2.4 Billion Dollars. If only 50K of the Luna Guard Foundation wallet's reserve was used we're still working with $1.5 Billion Dollars in BTC assets. Scenario A: So, technically speaking—if Do Kwon wanted to set a limit order at current prices for around 6.5 Trillion Luna and wait a few months/years/decades for the order to fulfill as he accumulates 99% of the supply before sending it to the burn wallet he could technically send it to $0.16. (/sarcasm) Scenario B: Contrarily, he could also just do a massive market-order and everyone and their mother's Limit Sell orders would execute at whatever price. Trading bots would probably catch on fire until the funds were depleted, followed by a massive dump as we all still have millions of coins. Can't comprehend if it would be a Luna party or a blood-bath. Scenario C: Feel free to post in the comments Scenario's A & B above are a no-go— the road back to anywhere starts with healthy buy-volume and corrections paired with modest and consistent burns by exchanges (preferably way bigger ones than we have now), Do Kwon and the Luna contract, as well as the community.[To be honest, I don't think it's fair that community members burn their own coins. I must say it was a lively moment and did cause some FOMO/Price-action but I think you guys made your point. You're free to continue organizing and sending your Luna's off but remember we're not the ones with disposable incomes] Disclaimer: None of this is financial advice. TLDR: Hypothetical Burn Scenarios and some math's, theories and accusations, resources and information, NFA. [NGL, this might be a mess] [link] [comments] |
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