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πŸ”΅ VADER vs LUNA burn rate comparison when minting USDV & UST ("Mint-to-Burn")

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Written by Β Β 125
4 months ago

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.

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Avatar for ColinTalksCrypto
Written by Β Β 125
4 months ago
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