Terra Luna Classic (LUNC) News: Community Started Discussions on Seeking a Flawless Repeg System for USTC Algorithmic Stablecoin

The community thinks it's time to get serious on LUNC revival and USTC repeg. Initially, a $250,000 bounty is proposed for the development of a flawless system to repeg USTC to $1, with plans to offer more than $1 million.

Terra Luna Classic (LUNC) community members have begun discussing the possibility of creating a flawless repeg system for the USTC algorithmic stablecoin. The discussions follow the recent rally in LUNC, which has sparked renewed interest in the classic chain.

One community member, NB_Crypto, has proposed offering a bounty of $250,000 for the development of a USTC repeg system. The proposal suggests that the bounty could be increased to over $1 million if the system is successfully implemented.

The proposed bounty would be awarded to a developer or developer group that creates a system to repeg USTC to $1. The proposal outlines several key requirements for the system, including stability, security, transparency, decentralization, economic incentives, scalability, and interoperability.

The goal of the system would be to maintain USTC's peg to the USD without the risks that led to the previous depegging event. The system would also need to be decentralized, open-source, and community-governed.

Community members are encouraged to submit proposals for the USTC repeg system. The proposals should include a detailed whitepaper explaining the mechanics of the system, technical documentation, security audits, economic models, and a timeline.

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