ThirdEyeJo3 🪬⚛️

We've been fortunate to be involved in a serious discussion about the future of the chain, and how to increase trading volume and demand for LUNC. This is what drives price movement. We strongly believe that a USTC pegging to approximately 1 cent could help achieve this. A 1 cent peg would enable TerraClassic to have a local store of value. This means traders could trade against a consistent USdollar based value increasing trading opportunities. It also provides this in a decentralised ecosystem which in most legal jurisdictions is being kept at arms length from regulation to promote ingenuity and innovation. Being a decentralised chain this also allows for transfers of capital without KYC in a secure low cost manner, delivering a fundamental aspiration of what crypto was designed to be. Borderless, unregulated, jurisdiction neutral, and secure, allowing individuals and organisations to have control of their own wealth and future, without being penalised due to where they live, or being charged ridiculous fees from traditional banks and finance institutions and running the risk of single points of failure which centralisation poses. Legal compliance with jurisdictions would resume, should capital / money transfer to a CEX's as per local legal/ tax jurisdictions demand. However while in the decentralised environment, where security is provided by a proof of stake chain, the money would remain largely exempt. This is possible due to the vast majority of security conscious validators being anonymous, ensuring safety relies on code, rather creating single points of failure. Anonymity reduces the risk of validator owners being vulnerable to being tracked and attacked, or exploited and victimised. We think getting TerraClassic back to the original concept with onchain store of value, and potentially multiple stores, using dozens of low volatility coins, tracking multiple currency and allowing Foreign Exchange trading will be a unique service provision for TerraClassic. Inturn this will provide massive opportunity for organisations and individuals to move money globally, maximise self control of their own funds and generate potentially massive volume for TerraClassic and inturn driving burns and deflation. Although some will wish that USTC could recover to 1 dollar, validators have already agreed that USTC currently should not be classed as a stablecoin, but be a speculative token. Also those wildly speculating on immediate gains to a dollar based on $1 repeg hopes have had 3 years to do this, and no viable plan has emerged and been delivered. We think 3 years was ample time to give the 'repeg lobby' a chance to act. We therefore think it is time to move forward and recreate a unique selling point for the chain, rekindle the ingenious function of the chain and create new opportunities for people and businesses around the globe, and recreate the opportunity to generate life changing wealth through TerraClassic and owning LUNC.