How to burn

[Lukas_Lukas]

Hi,
there are many votes to burn and I agree. The question is how it would exactly work, what coins would be burned, how much…

Do you have any proposals how exactly to do this and how would it affect ecosystem, value of both terra and luna and so on?

Best,
Lukas

Edited: typo

[HelloThere]

[Proposal] BURN and REMEDY tax with each LUNA transaction

Summary Based on our volume which is around 3B $ (last 24h) at the moment if we implemented only 3% burn tax on each buy and sell transaction we could burn around 300,000,000,000 LUNA at the time of writing this proposal (I took price of 0.0003). This burn tax could be a measure put in place until the supply is low enough for us. What More You could even implement temporary 1% of the volume going to the people that lost money during the crash. Wouldn’t that be wonder…

[Samiixo]

you need to burn up to 1 cent per 1 coin. i.e. 1 coin = 0.01

[Lukas_Lukas]

Why? This way and which coin?

[i_am_here]

how does that work? you burn 0.01 of 1 LUNA and other 0.99 gets burned?