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$UST will pump harder than $LUNA leading up to 5/27 with backup

$UST will pump harder than $LUNA leading up to 5/27 with backup

$UST will pump harder than $LUNA leading up to 5/27 with backup

$UST will pump harder than $LUNA leading up to 5/27 with backup

UST / BUSD BINANCE:USTBUSD
pinksox


$UST will pump harder than $LUNA leading up to 5/27 with backup

Do Kwon provided the revival proposal today

https://agora.terra.money/t/terra-ecosystem-revival-plan-2/18498

Lets focus on two things here

Token Distribution

1,000,000,000 Luna tokens

  • 25% – Community pool, controlled by staked governance
  • 1% – Essential Developers emergency allocation. No lockup
  • 4% – Essential developers (1 year cliff , 4 year vesting thereafter, granted after launch traction)
  • 35% – All bonded / unbonded Luna, minus TFL at “Pre-attack” snapshot
    For wallets with < 1M Luna: 1 year cliff , 2 year vesting thereafter
    For wallets with > 1M Luna: 1 year cliff , 4 year vesting thereafter
  • 10% – Luna holders (staking derivatives included) at the “Launch” snapshot – 10% unlocked at genesis, 90% vested over 2 years thereafter
  • 25% – UST holders at the “Launch” snapshot – 10% unlocked at genesis, rest vested over 2 years thereafter

Timeline

  • 05/17 – Announcement out
  • 05/18 – Governance proposal out
  • 05/21 – Terra Core release is cut, network launch instructions made available for validators
  • 05/25 – Essential app developer registration completed
  • 05/27 – Genesis file created from final launch snapshot
  • 5/27 ~ Network launch

$UST holders will receive the largest allocation of new tokens, 25%, when the snapshot takes places on 5/27

this is extremely whale + VC friendly. If major investors got rekt by Terra’s collapse, their best bet on having a large portion of new luna tokens would be by amassing as many $UST tokens for the 5/27 snapshot.

$UST pumped harder today than $LUNA and is dipping less showing major signs of accumulation

I expect $UST to go to 0 post fork after 5/27

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