Dear and the team, we have over 500M in locked supply. We burn $luna on a daily basis. What's the point of burning if we don't know what's going to happen with the locked supply? Is there a way to be more transparant about this?
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Might be wrong, but thats because early investors had their βcapitalβ locked for the early stage of Terra. Which of course is great for us, but eventually those investors they must have access to their capital/investment again. That doesnβt mean they will cash out
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And how much of these 'locked funds' still remain in Terra's locked supply?
Is there anything to prevent them from dumping 20mil+ LUNA into supply every year?
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Really not sure why you are so concerned about a 20m LUNA supply dump. As long as the products grow and we keep burning 1mill Luna per day itβs burnt in under 3 weeks. Have an investment horizon longer than a day trader and stop worrying. Hold for a few years and retire
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How often is this 20m Luna dump going to occur?
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I dont know but after the community pool burn thereβs ~900m tokens left. 350m staked. Leaving around ~550m. Even if that entire lot is added to circulating (massive overestimate) we still burn it all in ~18months. Just stake your tokens and enjoy the ride.
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Right.
So I've just had a look and seems like around 380 million LUNA was sold to initial investors (potentially even more) - how much of that amount was already dumped and how much is remaining?
You are essentially advocating ignorance when people should be asking questions
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This is literally the worst question ive seen in my career in crypto
How could anyone know how many tokens were sold by all luna investors? Are we expected to have visibility into the books of 20 exchanges?
Dont advertise stupidity, get off twitter.
Still a better question than βwen moonβ tho...or maybe not
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Sir you are genius. you've given a lot of people the opportunity to get rich.but you can agree that we all need transparency in this market where there are many scams. Please understand us, Dont angry us. We trust you forever ππ
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Holy shit, funny you mention stupidity when you are throwing a hissy fit on twitter about a legit concern people have with your project.
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I think it would be hugely appreciated if we had transparency about the supply and the wider tokenomics. Iβm a huge fan and think that it is reasonable to have thus public like most projects. π π $luna
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Yep.
He's raging at his own community over something I'm sure he'll understand is important as soon as he cools off lol
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Dude take it easy you should be a CEO not typing aggressively
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