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Just some quick thoughts on the subject of "Mint-to-Burn" as it relates to LUNA, VADER, and their associated stable-tokens, UST and USDV. Also, some passing thoughts on PulseChain's effects (when it launches) of ERC-20 tokens such as VADER.
LUNA = $92.31
VADER = $0.087
$LUNA
360,988,466 LUNA (Circulating Supply)
832,942,111 LUNA (Total Supply)
$VADER
4,195,272,677 VADER (Circulating Supply)
25,000,000,000 VADER (Total Supply)
MINTING $1 worth of UST burns 0.01 LUNA
MINTING $1 worth of USDV burns 11.48 VADER
This shows that while VADER has a larger number of coins, VADER will also be burnt more quickly when minting USDV due to VADER’s very low price (currently).
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Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#bitcoin #btc #crypto #cryptocurrency #news #cbbi #blockchain #price
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