We need the ability to create projects on the network, a site through which you can do this with the payment of a commission for minting tokens, prices from $ 1000, this is also security, etc. … use of minted tokens on the network, supplementing with a token tax of 0.10% of amount for any manipulation of that token, regardless of the taxes set by the owner of the token, thus the tokens play a positive role on the lunc network, burning the circulation coin to a certain amount (and later switch that tax to the liquidity pool (you can supplement, improve vision of this proposal)
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The proposal places 1.2% uniformly on and off chain.
Further,given the 0.2% commission that cexs get to keep, I think they will definitely be on board and implement 1.2% tax in a short span of time.
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This looks like a good idea.
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[EDITED/page does not allow me to edit original post]
Summary
Increase burn tax to original 1.2%.
Motivation
One of the key factors for the LUNC Blockchain success is reducing the huge supply.
Proposal
1.ON-CHAIN:
It is proposed to set the burn tax at 1.2% to speed up burns on-chain. The previous 1.2% tax never got to run for a sufficient amount of time to evaluate the full impact.
Additionally,
-Split the 1.2% tax as - 1 % going to burn wallet and 0.2% being utilized to fund the Oracle Pool(helps alleviate the pool running dry scenario).
-Dapps building on the LUNC chain are NOT taxed(exempt/whitelisted) to promote building on the block-chain.
2.OFF-CHAIN:
It is proposed that Centralized Exchanges which come on board and honor the 1.2% burn tax on their platforms(for ALL buy/sell/convert transactions) would be incentivized by getting to keep a generous 0.2% of each transaction and sending the remaining 1% to the official LUNC burn wallet.
Weekly burns(every Monday at 00:00 UTC) would be sent to the official LUNC burn wallet.
NOTE: Technical details on implementation would require assistance from DEVS involved in the project. I do not have the knowledge on the code changes which would be needed to implement the above.
If we are asking the exchanges to apply the 1.2% burn tax off-chain you also need the 1.2% burn tax on-chain. This means you can’t then set on-chain tax only to 1.2%, and split 1% burn 0.2% CP. Because then you are only burning 1% while you are asking exchanges to burn 1.2%. That won’t work IMO. This is why I proposed in my Vision Plan to do 1.5% on-chain tax 80/20% split with 1.2% burn tax 0.3% CP, then push for exchanges to adopt the 1.2% burn tax off-chain using the incentives and plan I have prepared Final Vision Plan for LUNC to $1+.
5 Likes
Yes yes yes let’s burn it all
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