Can we not ask other big exchanges to follow Mex’s example of voting poll to burning trading fee in order to decrease Luna supply? Therefor we can bypass the validators?
[MEXC x LUNA Recovery Plan Voting Poll Result Announcement ]
Dear users, The voting poll for the MEXC x LUNA recovery plan has successfully concluded. After receiving overwhelmingly positive feedback from the community, MEXC is pleased to announce that we …
The voting poll for the MEXC x LUNA recovery plan has successfully concluded.
After receiving overwhelmingly positive feedback from the community, MEXC is pleased to announce that we are the first centralized exchange that goes above and beyond to initiate the LUNA recovery plan.
Over the past 2 days, we have gathered 12,948 valid votes and gained a 98.49% support rate to burn LUNA to decrease LUNA circulation on the secondary market.
- MEXC will provide transaction ID proof showing the transfers made to the official burn address on a weekly basis.
MEXC x LUNA Recovery Plan Status Update
BURN Amount
|2022-05-26 — 58,423,888.68 LUNAC
|2022-05-27------- 78,984,757.30 LUNAC
|2022-05-28 ----- 71,204,609.31 LUNAC
MEXC will utilize the actual trading fee received from the [LUNA/USDT ] (Now renamed to [LUNC/USDT spot trading pair to proceed with secondary market buybacks on a daily basis. This plan will last for 1 month, starting from 2022-05-26 to 2022-06-26.
*2. Terra has officially provided a LUNA burn address.MEXC will make arrangements to send LUNA tokens obtained from the secondary buyback of LUNA to the official burn address specified on a daily basis.
*3. MEXC will provide transaction ID proof showing the transfers made to the official burn address on a weekly basis.
DAILY BURN AMOUNT between 58 - 71 million. If we can ask other exchanges to join we could double / triple the daily burning amount