lunc

#lunc

Automatic Buy-and-Burn LUNC & USTC
We all know the truth: burns from taxes and exchanges alone are not enough.

We need real, sustainable revenue that comes from actual product usage — not just hope, speculation, or one-time donations.

We need a project that generates cash flow every single day, automatically directs a portion of that revenue to buy LUNC and USTC on the open market, and burns or supports repeg efforts.

—What Is Classic Insurance?

Think of it like car or health insurance, but 100% on-chain and built for crypto risks:

1. You pay a small premium (e.g., 1–5% of coverage amount) to buy “cover” for 30–90 days.
$LUNC
2. You choose what to protect: smart-contract exploits on any Terra Classic

3. Capital providers (anyone in the community) stake crypto into risk pools and earn the premiums as yield — but they bear the risk if claims are paid.

4. Claims are handled transparently on-chain (via oracles + community voting or automated rules). If approved, payout is automatic and instant.

5. The protocol takes a small fee on premiums and other services.

—One-Click Cover Purchase:
Simple dApp interface — connect wallet, choose coverage, pay premium in $LUNC or $USTC

- Underwriters who stake $LUNC or $USTC in pools get extra yield multipliers

—Revenue Split (hard-coded in smart contracts, governed by community):
- 40% → Underwriters (yield)
- 30% → Automatic Treasury Contract (this is our “burn engine”)
- 20% → Protocol development, audits, marketing, liquidity incentives
- 10% → Community pool / insurance reserve

- What the Treasury Does Automatically (every block or daily):

1. Receives its 30% share of all premiums and fees.

2. Swaps a portion to LUNC and/or USTC on the native DEX (or any approved aggregator).

3. Burns the or $USTC immediately (sends to the burn address).

—Example math (conservative):
- If Classic Insurance captures just $5 million in annual premium volume (tiny compared to other chains), the treasury receives ~$1.5M.

- At current prices, that alone buys and burns ~35–40 billion LUNC — almost 10% of the annual burn rate we see today, from one single dApp.

Scale it to $50M premium volume (very realistic once we have traction) and we’re talking hundreds of billions in extra burns annually.

We already have developers in the community who have built on CosmWasm — this is 100% doable.

We have waited long enough for the next big thing on Terra Classic.

—Classic Insurance can be that thing — and it can start generating burns within months, not years.

Let’s discuss. Let’s iterate. Let’s build.
Together we rise.