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RobZero-

Can someone explain why 832M Luna were burned? I mean,

is there a short easy answer for a noob like me?

#blockchain #cryptocurrency #english #luna
0

6 ответов

10 просмотров
Peter-Martin

Less supply, high demand causes raise in value.

0
01.10.2021
RobZero- Автор вопроса

Demand for UST?

0
01.10.2021
Peter-Martin

Luna. UST is stablecoin. UST always remains very close to worth of 1 USD.

0
01.10.2021
RobZero- Автор вопроса

Yes, I know these basics 😁 but I don’t understand your answer. So the luna was burned simply to raise its price?

0
01.10.2021
RobZero- Автор вопроса

Thanks 👍

0
01.10.2021
Peter-Martin

Initially the all the seigniorage luna used to go to community pool and they could use to for activities like building apps and such. But now once burnt luna is gone forever. This is nothing but just a upgrade. The buring of luna was all our votes. If you go to terra station and hesd over governance and than check passed proposal no. 119, you can see the voting details.

0
01.10.2021

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