These will burn. Most of it is via court order.
Here's the catch about SQE (the Binance one). BSC needs a new stable coin; severally behind with on-chain supply. A likely scenario would be to burn, using UST lending liquidity, simultaneously minting a replacement for dead BUSD.
- New post guys, hope you enjoy felinefortune.com/p/terra-6-time…
- a lot of terra people are confused how UST will burn into Binance's new stable coin. You forget the Mintcash burndrop let alone not been keeping up with my blog. Mint cash ran a trial, lending UST, burning it in the process to fund their stable coin CASH. mintca.sh/burndrop
- ">50% of USTC supply is currently held in wallets controlled by Binance and Terraform Labs." -Mintcash The two times price moved were due to @wemintcash. Whichever market maker is working; it is heavily supportive of it. Burndrop to begin end of month... prepare accordingly
- @kimmyboy2 thoughtfully addressing $LUNC thank you. It is clearly primed. I've added some macro TA to put in context vis a vis timeframe for $LUNC: tldr: we in business and will print excessive money 1. BTC needs to cool, Relative Strength >70% is overbought 2. BTC willThe force of the pressure is gradually weakening. This is good timing to neutralize the red resistance bar. #LUNC
- Prep for Sunday... floodgates opening. Coincidence on the anniversary of original Terra white paper? probably nothingAnnouncing the 100x Burn Cap Trial Program As a sign of respect for the original Terra whitepaper's 6th launch anniversary, March 17th, we will temporarily lift the burn cap from the current 1,000 USTC to 100,000 USTC on March 17, 2024 for a limited time of 24 hours. This will
- FTX distributions begin tomorrow; eyes on this specific market maker. My thoughts? One last goodbye to ftx. One asset dumps, the rest of the pool prospers. Let's see if bias is telling as we are all familiar who manages these assets
- Replying to @FelineFortune_Realize Binance and TerraForm can do the same. Court order was to burn the assets. This stimulates the same process, while funding the new Binance stable
- The new BSC stable in question:These will burn. Most of it is via court order. Here's the catch about SQE (the Binance one). BSC needs a new stable coin; severally behind with on-chain supply. A likely scenario would be to burn, using UST lending liquidity, simultaneously minting a replacement for dead BUSD.
- Replying to @Greenpeace06_09 @BleevesCrypto and @The_Rum71 of 3 wallets burned today per wind-down... shuttle bridge, good demand tester. VS btc it round tripped. LFG is the big one, so will be watching this mostly TFL is second largest Post-election will be timely for other two as moving with BTC grain when we're seeking most demand
- Retail time over, it is time we let the institutions play ball.. #mintcash
- WE WILL WIN
GIF - Make sure you are following @wemintcash. Just listened to boy genius founder Daniel Hong. Comms with satoshi, vitalik, and DK in the past. Trying to right a wrong... Burndrop to be released mid-end of month. First step is to burn the f out of this UST supply. See you all soon











