A simple way to reduce LUNC supply by 10000x with minor losses
This primarily addresses unit bias.
Redenominate LUNC to be 8 decimal places rather than 6. Divide all balances with a marginal burn by using
oldBalance = 3,696,692.045868; slashed = floor(oldBalance * 10,000); // = 36,966,920,458; burning 68 uLunc newBalance = slashed / 100,000,000; // = 369.66920458, redenominated to 8 decimal places
total supply would drop to roughly:
690,707,287 LUNC after slashing and redenominating. Losses would be negligible, and no redistribution.
side points: together with different approaches such as no minting, high tx fees, staking rewards coming from 50% of tx fees and the remaining 50% burn, could work to deflate the economy properly. If USTC needs thrown in to the mix, then high tx fees where 40% is used for staking rewards, 30% burn LUNC, 30% converted to USTC and that USTC burned.