We’re proposing a TAX & BURN mechanism to be added to the current Lunc.
3% TAX on all transactions of which the breakdown is 2% Burn (idea reduce Max supply)+ 1% stored in the official treasury to hold as collateral for UST holders (this haves to study, the idea is to help those ones that have UST before depeg)
In addition to this we propose removing the link between UST and current LUNA + Remove minting ability on current Lunc.
The above proposal will ensure original LUNC can reduce its supply efficiently, and this condition should be true until the max supply is 1 billion. after that, we propose that the max supply can never be changed again.
the motivation is to help the holders of luna (lunc), to get some of their investment back.
the proposal is for the Luna official team, to publicly defend the burning mechanism, share the official burning address, and be transparent. and suggest to the exchanges to implement this action, plus in all transactions under terra station to be charge this burning fee as well. we ask all validators and devs to support this proposal, and to not Lunc d i e…only together we can do this…
this is a living document please, if you have any other suggestions, please share them…we are THE community !!!