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Hey guys and welcome back to the channel. Today we're going to be diving into the most important topic, the most controversial topic uh that surrounds our ecosystem, which is Binance them having a secret plan and more
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importantly them holding the majority of our overall total circulating supply combined uh for LUNC and USC. And over the course of almost four years, I have always thought to myself from the very beginning that Binance had a plan.
And a
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lot of the data suggested that there was a deeper plan. They then moved on to actually burning to support our ecosystem, which is what I believed at the time.
As we have progressed, as the months and years have unfolded, and we've really gone through the most
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important point uh the crypto ecosystem was really going to go through as you've all witnessed. And if anything was going to happen, it would have happened during this time.
This was the most probable scenario. And now that we have passed at that time and Binance have not done
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anything, they've not even been vocal in the slightest when it comes down to LUNC. And it is now boiled down to conspiracy theories, fishwife tales as I like to call them.
And we do have a serious problem at the moment in our ecosystem where we just don't have any
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answers from Binance. Now, what I've been doing is actually working religiously behind the scenes to get answers to find the things that are going to give us the ability as an ecosystem to start ruling out everything
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that surrounds Binance. And it really boils down to three things.
It either belongs to users, it either belongs to Binance or it belongs to TfL. From the very beginning, we should have worked as an ecosystem, as a validator set to rule
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out the different parties that could be involved with these assets. And what everybody should understand here is there is no, right, I repeat this, there is no money in selling you guys final cures, final answers.
That there's
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absolutely no money in that. Instead, it's better for someone to sit there on a conspiracy theory with absolutely no data to back it up whatsoever to claim that they are in contact with Binance, that Binance is going to come and save us.
No one's coming to save us. Binance
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isn't coming to save us. And that burn, the monthly burn specifically that they perform is to keep us on the hook.
And everything else we're doing ourselves at this point. and Binance just sit there and say absolutely nothing aside announcing that the burn has happened on
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a tiny little news article on Binance Square. We need to understand the motive that Binance would have to lead us down this path and really there's 1.6 billion reasons why more specifically $1.6 6 billion in losses and their Luna they
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held pre- crash is worth at the time of this article back in May 2022 just $2,461. Now an exchange benefits in so many different ways just from assets being on their exchange.
It actually leaves them
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with a huge amount of assets that they can simply play with in the same way that your bank will play with your money that you put in your bank account. So now we've distinguished that Binance did truly have a motive at the time.
What we need to understand is to rule out TFL to
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leave us with a 50/50 answer. And the end result from what I am going to show you here could give us that final answer you're looking for.
And again, no one has put or will put the work, energy, or effort into a final answer for you guys because it's easier. And it's same again
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for me. I could go out and make tons of conspiracy videos on this.
Instead, I want a final answer. Now, what we know is from trial exhibit P301, we were given a list of TfL's wallet addresses, and inside those wallet addresses are some CEX wallets.
In order for us to
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know how much TfL had actually sent to the Binance deposit wallet, which could be why Binance holds so many assets, we would need the memo. In order for us to know the memo, we would either have to be TfL, the people that actually use the
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memo, or Binance, who knows everybody's memos, because they're the CEX that created them. So, how do we actually locate a memo that we never used?
We never created the wallet that it's
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associated with. How do you find something like that?
Because onchain we've got things like the link dash explorer the finder service things like station finder galaxy finder where you can look at transactions you can look at
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wallets but we don't use memos we use them as notes so when TfL actually use these memos believe it or not they use them on chain okay and then that address and
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that memo was placed inside a transaction somewhere along the way. Now, in order for you as a person to find this memo, you would need to know every single one of TfL's
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wallets. Well, that's actually quite interesting because we have the list of TfL wallets.
So, if we take all of these wallets and we put them into a smart contract and we say to the smart contract, have any of these wallets in
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trial exhibit P301 right here? Have any of these wallets made any transactions with the Binance deposit wallet?
And this is going to throw out a load of transactions. And most importantly inside each one of
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those transactions that were sent by TfL to Binance, okay, are going to have the address and the memo. Now you have the means and ability to actually say
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without a doubt that TfL have used and utilized this wallet with this memo to send funds to Binance. And the memo used by TfL is going to be the memo that correlates to any assets that belong to
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TfL that are held on Binance. you guys.
So, this is huge because again, this not only gives us its very least the ability to rule out
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that any of these assets that are on Binance, right, this substantial amount of LUNC and USC does not belong to TfL. And not only right, do we not have to now as a community beg for them to tell
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us how much is inside that wallet, how much of those assets belong to TFL. No, instead what we need to do is work diligently as a community with that memo and the final judgment and trial exhibit
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P301 to say to Binance that they must abide by the final judgment. The SEC have burned all of the US and Luna that was held in the LFG Guard, also now known as
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Luna Classic and USC. So the SEC have gone ahead and they have done their part to abide by the final judgment.
What did TfL do? Well, they burned the shuttle bridge assets.
What did we do? Well, we went ahead as
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an individual person, right? No other validator did this.
We went ahead, we did the research into trial exhibit P301 and we located mirror anchor protocol funds and all of the other funds as you guys know. and we went ahead and we proposed to burn those assets in the
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same way I'm going to do with Project Dawn assets as per my previous video. Now, you're probably sat there and you're thinking, well, Jay, this is all well and good speaking about it.
Do you have the memo? And what I want to say to you guys is yeah, I do have the memo.
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More specifically, we have three memos that TFL were using to send funds to Binance. Now, my next job in this line of investigation is to actually figure out exactly how many funds were sent.
Because although, right, I'm saying to
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you, well, we don't need to ask Binance for answers because we don't need to know how much there is. We just need them to burn it to find out.
We can also do the odious task of actually backtracking every single damn transaction one by one because it can genuinely spit out a million
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transactions, but they were only ever using by the looks of it three individual wallets that have those memos tied to them. Again, guys, we have the memo.
We have the answers. This isn't a conspiracy theory.
This isn't me telling
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you that Binance has a plan because they do not. The only people that can save us is ourselves.
And once we rule them out, right, we're either going to see a small amount of assets burned, because yes, there are assets on there, or it's going to be a substantial amount. And this is going to put this whole thing to bed.
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The evidence highly suggests that the assets that are on Binance belonged to TfL and they were accumulated during the crash. So, three key dates.
These are very important.
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The crash and collapse happens on the 9th of May. Okay.
The minting is turned off on the 14th of May and the chain is forked on the 28th of May. So if we now
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go and we look at the balance history for Binance's overall supply of LUNC, right, we can see that there's absolutely zero accumulation leading up to the crash. There's nothing, not even on the 9th.
Now, what you should
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understand is that all of the minted coins, right, during the crash didn't just go to TfL, right? they were they were acquired by all of the people that were utilizing the burn to mint feature, right?
So, we can safely say that
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Binance did not accumulate those because of the crash. They were not using US to mint Luna during the crash.
What we can actually see is activity all of a sudden kicking up on the 14th. Well, the minting literally halts right on the
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14th. So, 14th, 15th minting holds.
we see a plateau out again right around the 15th right so you've got the 9th leading up 15th crash minting halt and then TFL
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forking the entire chain to the new chain and what is that going to have done so on the 28th they forked the chain what's all of the people that are you know invested in the coin what are they going to do well they're going to eject so we see see the mass ejection.
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We we see this happen, right? So, anyone that was accumulating there as users has likely ejected and we dropped down to around 1.5 trillion and this seems to be the bottom.
Right now, as we speak, this just seems to be the bottom. We've always floated between 1.5 and 2.8
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trillion. So, what this gives us is well, a flaw.
Right now, I'm not saying for dead certain that those funds on there do belong to TfL, but all of the data points to Binance suddenly getting a load of US and Luna Classic after the
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crash, right? So, do what you will with all of this, but I'm going to carry on doing what I do best, which is digging in to the data and bringing you guys actual genuine results.
I was all for the conspiracy theories at first, but when you become a topranked validator
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based on nonsense, it's about time someone comes out, stands up, and actually goes, "Well, hang on a minute. Let me talk some sense here.
Let's actually look at the data. Let's let's actually say to ourselves instead of saying you've got a secret plan, they've got a secret plan.
Let's get a definitive answer." Right? You've got a
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direct line to them. Here's the memo.
Here's the memo. Get them to abide by the final judgment as the FCC have, as TfL did, right?
as everybody that was involved in that has, right? Binance now has an obligation if we present that memo to them to go ahead and send those
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funds to the dead wallet. And you're going to say, "Oh, that's crazy." And I'm going to say to you, "No, they do it every single month.
They they've got the wallet. They've got the address.
They've got the means to do it. So, if those funds do belong to TfL, the sad part about this all is, guys, they're not going to come out." There is a bottom
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line here. A CEX benefits financially when users, right, or defunct entities like TfL leave assets on the platform.
Okay, you're boosting their liquidity, fee generation, right? But we need to understand the courts have ruled on
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those assets. The rationale and legal safest path ahead not just for them, right?
Once we present this is to go and burn those assets. There is no other route for this.
But we need to understand if nobody comes forward right
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and actually gets this out there, presents the memo, does the work, nothing's ever going to happen. And we will still be sat here two years down the line, price, you know, 50% lower than what it is now almost, you know, a breaking breaking point and people still
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saying to you that they've got a plan, wait till the next halfing cycle. No, honestly, don't find yourself part of that group.
The key takeaways here you guys is the fact that Binance didn't accumulate during the phase of hyper minting. Meaning that everything that
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they have was received or purchased in their case after the crash after the hyper minting after we had reached that supply amount of 6.9 trillion on the 12th of May. Furthermore, the data
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points to TfL either owning the bulk of that or is possibly users. And over the course of four years, it being users has become less and less likely as the price has continued to decline and they have
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not gone ahead and staked those assets which you can benefit greatly from not just as a return in yield but also as a leverage tool with validators. uh actually going out and swaying votes for example with that many coins.
And uh
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finally, the most important takeaway point is we have those memos being three of them that correlate to TFL assets that are on Binance. Obviously, without the support of the
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community, without the support of my delegates, without the support of the overall masses, I can only present this data. I can only go out and do the research, take the time, energy, and effort to do these things.
This is where I need you. I need you guys to support genuine validators that will go out
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there if they had the voting power to make the changes that are required to get answers that you guys so dearly deserve. Again, don't find yourself going in circles over this Binance secret plan stuff.
It's done. If
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anything, they're keeping us on the hook and it's beneficial for them to keep all of those assets because guess what? TFL is not coming back.
Homeboy, do what you will. Stay safe, stay humble, stay aware, delegate with us.
Links in description if you wish to do so. and I'mma catch you in the next one.