WHY USTC+?

The well-known Terra collapse brought a new era of distrust into the blockchain industry and its so-called experts. Binance and Kucoin are actively burning trading fees (https://www.luncmetrics.com/) for LUNC since they still hold the majority of the supply and attract the humongous community of Terra Labs that was built over the years. Their deed might seem noble to some but in our opinion, they act for their benefit since there are still large perpetual market trades even with these collapsed prices (https://coinalyze.net/terra-classic-usd/liquidations/) and the MM can manipulate the LUNC, USTC prices however they need. (https://www.luncmetrics.com/price/ustc) There were many attempts to re-peg (MintCash and Terra assets burning) the 2 infamous coins but they are failing from our viewpoint. A better alternative would be to use USTC as it is a multichain asset since its power is in adoption and community behind. The plan is to try to lock up the majority of available supply with good incentives for the liquidity providers/ SUPPLY REGULATORS until we reach the levels of USTC available in circulation, for an attempt to utilize it as a stable coin again.

For a successful re-peg of USTC, we'd need to achieve a self-custody protocol that is verifiable, incentivized, and has a slashing mechanism where supply regulators will benefit from market activities and hold the excessive supply so it can be introduced back to markets in a slow and controlled manner.