I have a suggestion, but it will be for you, not for the terra LUNA team (although it concerns them). I, like all of you, want the team to burn coins, but today Do Kwon made it clear to the community that there is no money for it
Friends, the main coin holders are you and me. The team can’t go to the trouble of starting to burn coins, but you and I can do it!
The proposal is for us to agree amongst ourselves to burn the LUNA coin and calculate the % of our LUNA wallets we can send to 0x00 (notionally). If all LUNA holders burn 10-20% of their LUNA coins, that would be a head start for everyone.
I’m writing this proposal on the quick side, so I haven’t done any calculations, but that doesn’t mean the idea is bad, any shift straight is the way to go.
Let’s imagine that there are 300,000 LUNA coin holders, Total Supply is conventionally 7 trillion. 7 trillion / 300,000 = 23,333,333… - 24 million coins per 1 person is quite realistic. 23.333.333 10% = 2.333.333 - burn (the calculation is conditional on everyone having an even number, but it doesn’t matter). If everyone burns 10% this way according to this example - 700 billion coins. But it is up to everyone to decide separately, someone can burn 1%, and someone 50-60%, because while we do not act, the value of the coin is falling, and fork - does not guarantee success.
Guys, my English is bad. Guys, I could be wrong. Guys, no one can help us but us. If we want LUNA to go up and want to get back some of the lost money, we have to at least burn a certain % ourselves. If you’re one of those people who bought 1 billion of LUNA and are sitting around waiting for the price to hit $1 while you don’t want to do anything yourself, then I pity you, you invested in the wrong place) but if you’re willing to burn 10% (which is 100 million, then chances are.
Spread this around, let’s help each other ourselves, rally and agree on terms.
Burn - terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu
Track transfers to burn - Terra Finder
Thank you all!