[Proposal] BURN and REMEDY fee with each LUNA transaction 💊 [PART I]

[bloodcurdle]

Everyone this is the viable method proposed by @ek826

Towards the Burn Mechanism

This is the extension

Terra Ecosystem Community Revival Plan

This will be a living document to coordinate re-launching the network without forking. Details are subject to change. This proposal has been a work of @ek826 and the larger Terra community. Motivation There were several major critiques of the “BURN and REMEDY fee with each LUNA transaction” proposal which the community had drafted earlier: 1. It required CEX support to tax buy/sells, no one wants that. 2. This would decrease trading volume. 3. Good idea, but who is going to implement this?…

He had proposed it here

[Proposal] BURN and REMEDY fee with each LUNA transaction [PART I]

I would like to propose a very simple and immediately implementable mechanism for the burn. I have seen several major critiques of the current proposal. 1. It requires CEX support to tax buy/sells, no one wants that. 2. This would decrease trading volume. 3. Good idea, but who is going to implement this? Devs need to change the code. 4. Increasing gas fees would only only affect on-chain volume and it is too low. Here is my simplified/practical implementation of the burn that hopefully ad…