Myelin Sheath Burning Mechanism

Introduction

This proposal aims to introduce a burning mechanism named "Myelin Sheath" to enhance the stability of both #LUNC and #USTC , and make the network more efficient. This mechanism will simultaneously burn both LUNC and USTC, facilitate wallet-to-wallet LUNC transfers, and encourage the consumption of $USTC to promote $LUNC trading on centralized exchanges.

Objectives

1. Integrate LUNC and USTC Burning:

- Create a mechanism called "Myelin Sheath" that burns both LUNC and USTC simultaneously.

2. Ease Wallet-to-Wallet Transfers:

- Enable users to conduct wallet-to-wallet LUNC transfers quickly, with low fees and without hassle.

3. Boost LUNC Trading on CEXs:

- Promote LUNC trading on centralized exchanges by encouraging the consumption of USTC.

Proposed Solution: Myelin Sheath Burning Mechanism

1. Development of Myelin Sheath:

- A technical team will develop the "Myelin Sheath" burning mechanism.

- Necessary infrastructure and smart contracts will be created to allow simultaneous burning of both LUNC and USTC.

2. Integration and Testing Phase:

- The developed "Myelin Sheath" will be integrated into both LUNC and USTC chains.

- Comprehensive testing, security audits, and analysis will be conducted.

3. Community Education:

- Detailed information about the operation and advantages of the "Myelin Sheath" burning mechanism will be provided to the community.

- Users and wallet providers will be assisted in following the necessary integration steps.

Expected Contributions

1. Stability and Trust: Simultaneous burning of LUNC and USTC will enhance network stability and restore confidence.

2. Fast and Low-Cost Transfers: Users will be able to perform wallet-to-wallet LUNC transfers quickly and with low transaction fees.

3. Increased Liquidity on CEXs: By promoting LUNC trading on centralized exchanges, the mechanism will boost LUNC liquidity.

Conclusion

The "Myelin Sheath" burning mechanism aims to make the network stronger and more efficient by simultaneously burning LUNC and USTC. This proposal will increase the importance of both LUNC and USTC within the ecosystem and incentivize users further.

---

This proposal provides a foundational framework for the "Myelin Sheath" burning mechanism.