🔔🔔🔔ATTENTION BINANCE RATS 😀😀
$LUNC TOKEN BURN ,4.5 TRILLION COINS TO BE DESTROYED 😯😯WILL THIS HELP OR JUST WASTING TIME 😑
The Terra Luna Classic community has approved a proposal to burn 60% of the total token supply, aiming to reduce inflation, increase scarcity, and boost market sentiment.
Token Burn Details:
- 60% of total $LUNC supply to be burned (approximately 4.5 trillion tokens)
- Burn mechanism: Tokens will be sent to a dead wallet, removing them from circulation
- Objective: Reduce inflation, increase token value, and incentivize holding
Rationale Behind Token Burn:
- Reduce supply overhang, alleviating downward price pressure
- Increase token scarcity, potentially boosting demand
- Align token economics with community interests
Expected Consequences:
- Reduced inflation rate (from 7% to 1.2%)
- Potential price appreciation due to decreased supply
- Increased community engagement and confidence
Community Reaction:
- Overwhelming support for the proposal (99% yes votes)
- Relief and optimism among holders, expecting price growth
- Renewed interest in $LUNC, attracting new investors
Implementation Timeline:
- Burning process to commence shortly
- Regular updates on burn progress and token metrics
Conclusion:
The token burn marks a significant turning point for Terra Luna Classic. By reducing supply and increasing scarcity, the community aims to revitalize $LUNC's market prospects and foster long-term growth.
Sources:
- Official Terra Luna Classic announcement
- Terra Luna Classic community forums
- Cryptocurrency news outlets
#COSSocialFiRevolution #MEMEalpha #Lunc2TheMoonSoon #Write2Earn!
