Dear $LUNC Community,
I am saddened to see that you have forgotten about the “BURN” opportunity (the 3568 proposal that was officially approved and announced by #Binance and received a “Pass” vote from the community). Please do not let others steer and distract you. We must follow the community decision and do everything in our power to make this burn happen. We need to create this pressure with all our strength.
I’m not sure if any of you remember, but this proposal was supposed to be implemented. However, exchanges rightfully requested a 1.2% burn outside the chain as well, citing customer loss concerns, and no one in authority took any action or interaction on this matter, and the project was shelved.
Years ago, on the old forum page, I opened a similarly long topic supporting the 3568 proposal for burns only on exchanges and made many warnings about the future of LUNC. Unfortunately, these warnings were not taken seriously by the community. The point we’ve reached has undoubtedly been a disappointment for everyone. I believe we shouldn’t waste such a powerful asset we have. When the crypto market goes down, it will become impossible to stand; we’ve been moving backwards in terms of ranking and volume! First, the delist decision, then we might witness the collapse of the few remaining active members of the community.
“There is a very simple yet highly effective decision we can take to overcome this problem.”
Without going into too much detail, my idea is as follows:
The main idea is to call all LUNC holders to agreed exchanges within a certain period (around 2 months), suspend all transactions, and issue new LUNC (with a new name and image, such as LUNX) in exchange, starting a 1.2% tax on each transaction. All transactions except for inter-exchange and wallet transactions should be paused. Once the supply reaches 10 billion, the tax process will end, and all transactions will be reopened.
The benefits this will provide us:
Price increasePassive/Dormant LUNCs will be removed from the system (without the need for identification)Marketing/Popularity boost (potentially entering the top 10)Providing significant resources and time for the community for new projectsRestoring investor confidence…
For years, you have also been sadly witnessing the lack of progress and the gradual erosion of our time and investments with insignificant proposals. (Occasionally, a few groups would agree to make a few thousand-dollar updates, creating the illusion of significant development. The idea of making #USTC a stablecoin or merging USTC with LUNC is also difficult and impractical amidst all these legal constraints.)
When sufficient resources are provided, it is essential to have a foundation office and staff for the development of the community. If we want to be decentralized, we must first fight for our existence. Having a foundation does not mean that the decisions related to LUNC will be made by those running the foundation. This foundation will serve the community on issues like “daily developments,” marketing, and communication.
I know there will be self-interested parties who do not want this right now, but they should also remember that if #LUNC collapses one day, we will all be on the same sinking ship.
Once I am sure that this idea is supported, I plan to present it as a proposal. If you have any questions or need further clarification, I would be happy to help.
“CZ said in an AMA the 1.2% burn tax could work off-chain if all exchanges agreed to implement at the same time.”
Please share and support, we can succeed!
It is not a dream for LUNC to be 100 dollars ;)
It will take less than 2 years. Moreover, it will be removed from circulation in the idle part. Binance burned billions of LUNC even at this low volume($10m per day) and commission rate (0.05%). ***The volume will be between 1 billion dolar.. (Remember that only Binance has reached 2.5 trillion daily volume)
When we think optimistically, with a daily volume of 6 trillion LUNC (always the same as the supply) in all stock markets;
6Tx0.988 = 5.928T (day 1) 5.928Tx0.988 = 5.856T(day 2) …
(0.988)^730(day) = 0.00014878856286 0.00014878856286 x 6T = 892,731,377 (yes, in an optimistic picture, it is below 1 billion)
It will reach 10 billion in about 530 days..
1.2% is a very big number for burning rate, I hope you understand it a little..
