/biz/ - Business & Finance

I've been thinking about LUNC.

It has a ridiculous supply, but a very active community actively working to get it down. It's also supported by binance who do most of the burns.

It seems like this is the ultimate HODL. Yes it will take years and years, decades even, but this will be a value forged in fire. Plasma even.

If you told me I had to invest (today) $1000 to get $20,000 or even $100,000 back in 10-20 years it'd be a no brainer. Why are people so FUD on this, just because it's not an instant return or insane "X? Name a single investment or pension fund that gives you a return like that, and the risk/reward ratio is so low too.

This doesn't even take into account any new functionality/projects on-chain that may come to fruition.

We all know that fundamentally the Terra Classic was based on sound fundamentals - was cheap, efficient and fast. It was only SBF and his actions in a highly leveraged and privileged position that tanked it. The token itself is sound. The mechanism that caused the oversupply has been permanently disabled.

It's also a piece of crypto history, so it retains some meme potential.

I'm not a baggie, I bought LUNC early and have cycled out via staking rewards and pricing. I've made about $3k off LUNC from an initial investment of $700 - and I still hold 11.4m LUNC (currently valued at $1.4k)

You can also earn 15% APR (not accounting for compounding) across all validators.

I think if you buy it to HODL, you're only gonna be rewarded in the long term