Final Vision Plan for LUNC to $1+

[JESUSisLORD]

@Tonu_Magi

But, no, we have memes that have actual burn taxes with buy/sell in place. They are not seeing magical price appreciation. Check $Babydoge. A true meme. Built on BSC and available on ETH as well.
Fast and cheap transactions, their own credit card, more liquid than TC, farm pools everywhere…But…Price is stagnant.

Sure, we must also account for the fact that it is deep bear market in crypto and fiat markets alike, but nobody gets hard or excited for burns and reduction of supply through artificial burns.

Eth side had their tax cut to 0% to see any sort of stability/and or hope for price appreciation.

Point being - burn tax is a short term hype builder, not a long term path to success

Or if you can provide one example from the 13 year history of crypto to prove me wrong, I am keen to listen.

Hi Tonu, LUNC is different. Those meme coins, especially on ETH have big gas fees involved in getting them a lot of the time, such as PEPE.

The reason why LUNC’s 1.2% burn tax if successfully implemented off-chain won’t peter out after an initial spike is due to LUNC’s unique history.

Meme coins started out with trillions of supply. LUNC only has 6.85T supply due to a hyperinflationary death spiral catastrophe which rocked the crypto space, with 40 billion in losses.

Everyone knows about LUNC, everyone knows about Do Kwon. Everyone knows about “steady lads”.

Our coin got abandoned by its creator and team, they did not want to fix it, they left LUNC and made their own coin, taking with them their dapps and community. Volunteers and a hopeful community rallied around LUNC and the hope of the burn tax being successful.

LUNC formed based on the goal of reviving LUNC and restoring the chain, and burning our hyperinflated supply. CZ said LUNC should be burned, not a new fork (LUNA).

Our coin LUNC, before it became Luna Classic traded at $119. People know this. LUNC’s history is unique.

If we can succeed in getting off-chain 1.2% burn tax we are going to see huge daily and weekly burns, simply massive compared to what we have seen. The hype will be immense.

People will buy back in knowing LUNC used to be at $119 and believing it will go back there.

This is why LUNC is different and why my plan can work, if it’s successful.

@alego

By keeping a reasonable tax rate, we can attract more projects to our chain. It is crucial to be patient and demonstrate to entrepreneurs that we are a worthy investment of their time and resources. Please know that I take no pleasure in dismissing others’ ideas, and I apologize if it seemed that way. My intention is solely to express my opinion on the matter.

Hi Alego you are welcome to your view. Recent statistics shows that LUNA with all its dapps, zero burn tax and 3.5x our on-chain volume, their dapps only make around $300 a day. Even if they all came to LUNC after parity it would do almost nothing to burn our supply. This is why I advocate for my plan which is a credible path to burn trillions and reach $1+ if we can succeed. My plan is a timed shot of 6 months to try to achieve a huge goal. If it doesn’t work then we gave it a good run (unlike last time), and the 1.5% tax on-chain can be lowered back if the community wishes. I believe it’s worth a shot to fully explore that option as the upsides, if successful, are immense.