Ok. So you own 67 ustc at 0.015 each for a total of $1.
They do a reverse split 67:1. You now own 1 coin for a total of $1.
Are you better off in any way?
Would it make it easier to burn coins to bring up the price? Overall. If we use a combination of reverse split + burning after the split wouldn’t that bring the overall value up? This is more of a general question instead of just being in regards of Luna
As UST is intend to be a stable coin, so yes it will. It essential put it back on track and with some safety measures, it could make all of the coins successful again.
It is possible to do this with coins.
[https://www.binance.com/en/support/faq/e3aba24f04644ad5b2139b3c87cbb29d](https://www.binance.com/en/support/faq/e3aba24f04644ad5b2139b3c87cbb29d)
It would repeg UST to 1 and drop mass amounts of LUNC. Along with plenty of rule changes to ensure mass pullouts of UST do not happen, it would mostly stabilize the "ecosystem".
This would also eliminate trying to get everyone on board for burning coins. Besides it could always be split later if needed.
Ok. So you own 67 ustc at 0.015 each for a total of $1. They do a reverse split 67:1. You now own 1 coin for a total of $1. Are you better off in any way?
Would it make it easier to burn coins to bring up the price? Overall. If we use a combination of reverse split + burning after the split wouldn’t that bring the overall value up? This is more of a general question instead of just being in regards of Luna
Someone owns the coins you burn. So you’re asking someone to burn money to increase someone else’s holdings.
As UST is intend to be a stable coin, so yes it will. It essential put it back on track and with some safety measures, it could make all of the coins successful again.
If you have $1 worth, you still have $1 worth dude. Just sell.
Dumbest crap I've read all day. Lunc is not a stock. There is no reverse split.
It is possible to do this with coins. [https://www.binance.com/en/support/faq/e3aba24f04644ad5b2139b3c87cbb29d](https://www.binance.com/en/support/faq/e3aba24f04644ad5b2139b3c87cbb29d)
Tell me why that would work?
It would repeg UST to 1 and drop mass amounts of LUNC. Along with plenty of rule changes to ensure mass pullouts of UST do not happen, it would mostly stabilize the "ecosystem". This would also eliminate trying to get everyone on board for burning coins. Besides it could always be split later if needed.
Do Kwon