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📖Proposal Link: https://agora.terra.money/t/communitypoolspendproposal-burn-pre-col5-community-pool/2429
🌍Retweet: https://twitter.com/stablekwon/status/1452582208925958150?s=21
can i have more informations about the Luna pools and how it get minted ( LUNA ) not UST because i read something about that LUNA burn from Community pool is not affecting the luna supply, bcuz the community pool can be minted anytime from the team i just need to understand how it does work from this point, thx..
Where did you read it? Link
Twitter, ppl are commenting about this on same tweet about the burning
ok -_- will try to get it even though answering my question is more than enough, if what I got is wrong then just say wrong. searching for link in more than 100 comments is wasting time
My understanding is : The community fund was not traded, in that sense it will not affect the price(drop) but as there is lesser future possible LUNA traded so it does reduce the supply. It burns and mint UST so there a more UST circulating.
The mechanism of LUNA and UST can be found on terra.money
https://youtu.be/KqpGMoYZMhY
Total supply can be found in CoinGecko or coinmarketcap website. Was 1 B and now 970ish M
Yes as for ust supply for sure But more about if this will affect Luna positively in term of burning from community pool
It will give more supply for UST and as the introduction from wormhole cross chain, more adoption in Terra ecosystem would be possible. Among various US exchanges include native UST.
Not yet, November 9th if the proposal is accepted
Let's hope for it 🚀
Does circulation supply will decrease ?
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