Proposal #5002 - De-list LUNC from Binance

Governance & Proposals
21

The MOST important THING YOU HAVE TO WATCH for LUNC!!

The most critical

1: Contact Binance to get support for our list.

2: Check the agree 1.2% tax button

It’s time to do what you believe in for this great community. All those who supported us will be remembered

First, we need to work with Binance. We need a list of all the friends who support and accept the transaction tax button.

To protect the interests of our supporters. I propose: subsequent LUNC development: NFT project, and some blockchain airdrop project tokens. We can airdrop them to our supporters. Play to our strengths and protect the interests of those who support us. We have to get everyone to stand with us.

We need to make it clear. If this critical step is not implemented. We are not looking at a prolonged decline in the LUNC. It’s a failure of the community. Description LUNC failed. And future failures for all of us.

We have to have a big vision that we’re going to surpass Ethereum and Bitcoin. To become the largest cryptocurrency community

If you have a long term vision and extreme confidence. You’ll see what we can do with our taxes.

We can use it as cash reserves of dollars, we can buy gold, we can even buy shares in things like Apple, Tesla, and be the debtors of the greatest companies in the world. All these stores of value. Are owned by all of our LUNC currency holders. Take a leap of imagination. How successful we can be! And in the future, when the community elections, administrators, financial personnel, governance personnel. We all have preferential voting rights!

Now for our future, for the success of the community. It’s time to choose. Select Agree and check the 1.2% tax button. That’s the first step. This is the most crucial step.

The pessimist will laugh at us, we need not listen to it. They destroy our community goals in order to avoid paying the 1.2 tax. It’s like giving up on their own future. Don’t be depressed, we need to understand. These people will not stay with us forever, because one day they will support our enemies for their own benefit.

And those of us are respected by everyone because we built this great community. Friends, let us create the Lunc kingdom of the crypto world.

The most critical

1: Contact Binance to get support for our list.

2: Check the agree 1.2% tax button

Like and retweet comments to make our voices heard.

2 Likes
22

As suggested by a few others, solution here appears to be higher fixed cost proposals. This way spam and petty agenda based PRs will not be posted so frequently or easily. Maybe something like $250 to $500 USDC equivalent to start.

Personally, this PR is already a NO w/ Veto for me. Not wanting to play games with CZ that is holding like 2.5T LUNC, and plus the fact that he was very supportive of the burn post crash.

2 Likes
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@Olmate I am not on Binance, stopped using it long time ago, it is also illegal to use it where I live. The reason is because I am looking beyond the voting outcome. I do not care whether the outcome will be yes or no. What I do care about is hearing what others have to say. Some will agree, others will not, while the worst kind will FUD.

@Joe_Smith Nobody is asking you to do any voting, yet you seem to be quite active here. If you think that proposal price is to be increased, you also have the freedom to ask others to vote for it. Better do it now when it is cheap.

@vedova Similar people deserved a smack on the face and a black eye. You did not even deserve this reply. What a shame for your kind.

1 Like
24

@Boyang This is also why we need the mentioned “whale handshake”, in order to involve validators to go in this direction. I might open the proposal which goes in this direction sometimes today, as the #5002 is already reaching 20% of the funds. 14 days should be enough for both.

1 Like
25

itsnt a manipulation they asking the community to show them they want the burn on binance, our 1.2 wallet burn can be temp redirected to a diff wallet used to to opt in AS COMMUNITY not a manipulation , its our lunc burned, its a community wallet , its what CZ wanted to see the community proving him that we want it. Use USTC to purchase Lunc on opt option on binance, transfert ( 1.2 burn ), sell for USTC to send back on binance to purchase more LUNC , rinse and repeat, itsnt a manipulation its how we always wanted it, we simply burning and showing CZ we actualy as community doing what he asked for.

1 Like
26

I disagree.

CZ said it would cooperate if all CEX Burn If that is the case, I think it would be better to eliminate non-cooperative CEX except Binance and demand that they be introduced to Binance.

1 Like
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CZ gave us an opportinity proposal that doesnt include any others Cex but binance, via an option that will be on binance exchange soon

1 Like
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In my humble opinion only, the cooperation of CEX in this case means:

  • As a community, influence big-bag holders to transfer money to CEX, and do some trading to satisfy condition #2.
  • Then, as a community and small bag-holders, move your assets to Binance as well, so you can satisfy condition #3.

All of this is simply due to a lack of transparency regarding the 6-trillion hot wallet. TR has asked millions of times before what and who that wallet is, and got no answers. All we know is that 6-trillion can be moved by Binance, for a reason they weren’t transparent about either.

This it is manipulation and not cooperation. As the proposal #5025 said :“Who’s in charge here?”
Binance thinks that they are. Problem is, we don’t know whether the trillions they got are an error, how are they used, etc. Judging by the manipulation disguised as cooperation, I firmly believe that Binance is the main manipulator of the LUNC price.

2 Likes
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Careful when stirring up a hornet’s nest…

1 Like
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The best way to do it is by burning, hornets obviously hate the fire. Anyway, I was going to post an anti-thesis to this proposal, but the transfers are broken and can’t do it from another wallet. Waiting for TR to fix it (by doing an update). I hope it happens before the 14 days period is over…

1 Like
32

Thank you for your reply.
My opinion was that Binance’s bad intentions were only to keep users around and it would be good if the BURN would accelerate.
However, if the majority of the community is skeptical, I am not against it.

1 Like
33

The truth is, we do not know what is the truth in this case. I am assuming the worst-case scenario, and acting accordingly, simply because I am usually right when I do it. Of course, that does not mean that I am enjoying it or that I wouldn’t be as happy as everyone else if Binance did implement the off-chain burns. I just hope that the transfers will be back to normal so that I can post the proposals dealing with the worst and the best case scenarios.

1 Like
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Its simple Binance is controlling LUNC as they have majority of LUNC.

3 Likes
35

They will burn their earning! Now close this proposal.

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6 Likes
36

HOOORAY !!! Just woke up and this was the BEST NEWS I have seen so far. So happy that this happened!!! :smile: :smile: :smile: :smile: :smile: If it weren’t too early in the morning, I would be jumping around like a crazy monkey!

I am not sure I can close the proposal, but instead, I will not fund it. I will try to refund all of the people that posted LUNC on the proposal #5002 since their funds will be lost.

Thank you everyone for your replies, for your deposits, and thank you Binance. I wish that none of this was necessary.

2 Likes
37

Everyone who deposited LUNC on this proposal has been refunded.

1 Like
38

A bit late, but the sentiment remains.

Why not just de list every LUNC holder who doesn’t burn some on a regular basis till they have none, since they are also not supporting the token by holding?

I think it’s time to stop scapegoating Binance and CZ to clean up the mess made by DK.
Perhaps if Binance de lists then other CXs might follow, then where will people find their off ramp?

1 Like
39

You are either misinterpreting or missing the point here, and talking a bit of a nonsense. Please read what “free rider” is:

That is the problem Binance created by not doing the supply reduction, while the supply issue happened with de-pegging.

40

Probably misinterpreting. Maybe I just misunderstood the whole thing. :hot_face:

Just thinking that when people hold and make no transactions nor send tokens to a burn address, they won’t be contributing to the burn. They can wait it out until others have burned some of their supply to the threshold to remove the burn tax, and then they resume transacting. In that sense, wouldn’t they be free riders?

1 Like
41

Yes, that is the issue, and you are right about it in some sense. This is why the burn will stop at 10 Billion, while utilities will be introduced to force people to use LUNC and contribute the burn.

However, people who hold are reducing the available supply and contributing to a rising price, assuming that utilities exist and are being used… so we can hope that they will sell their LUNC at some point.

Problem with Binance was that we did not know who held the big-wallet and who had the control over it. We still don’t, but we can assume that, at some point, it will contribute to a burn.

1 Like