We have to send the proposal to the main cypto news sites…
According to CMC we had $2,556,041,794 volume in the last 24 hrs. So divide that by the current price of $0.0001837. That gives us 13,914,217,713,663 coins that have traded hands. Multiply that by 3% (0.03). That’s 417,426,531,409 coins that would be burned daily with a 3% burn rate. That would burn 6 trillion coins in 14.37 days. Am I figuring something wrong?
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devs dont want to code more in LUNA 1 because they got a promised to have more funds making a new coin, thats all
StakeBin say about democracy? and voting result. what they’re trying to say is that if enough votes are received, will Dokwon and the terra team implement it? @HelloThere
what do you think about that. they do voting for nothing?
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Exactly if they can pay someone to fork…they can pay someone for burn
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devs need to BELIVE in LUNA to work on it. Thats why they want t ofork because they believe that’s more profitable for themselves
You gotta account for raise in price because of burn but youre on the right track
14th-15th of May we made two screenshots of the total circulating supply of LUNA and it was as follows:
14th of May: 6,530,738,528,601.34556837840649078833
15th of May: 6,531,430,216,583.93566752035171389359
The difference between two is ≈ +691,687,982
Now, as of 17th of May the circulating supply is:
6,532,606,893,842.95887493102974241863
From 15th of May, the difference is: ≈ +1,176,677,259
If the numbers on the link by @saveterra: are correct then LUNA is still being minted in small portions.
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No idea. But some validators are voting. If it was for nothing then why would they vote?
Its not thats conversion of wluna etc to luna
It’s amazing to see the passion and democracy in this community. This is how a decentralized governance should be. Terra may become a better version of BTC one day if we keep such level of community engagement.
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This proposal should be the base of resurrection. It may be modified via dev team (maybe, not high fees like %3, it may be lowered as %1 or …, and also many other changes).
Listen to the community @dokwon. There are clever people here. If it’s your family, LISTEN TO US!
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I would moderate the tax. We dont want to kill it. However, I dont want to get too granular right now, we can deal with the specifics later. But I think 3% could kill the attractiveness for traders.
There are a lot of devs who would contribute if they leave, me included
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We want BURN!
Lets Start Burn Luna, and we will rise this ship again as a community!
Do Kwon Listen to your community and not only to your benefits! Please!
If Mr Do Kwon can´t Lead the project as community driven lets bring CZ as leader!
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All this latest proposals seem to benefit people who bought millions of Luna for fractions…
I lost 22k USD worth of LP Luna-UST, I was holding Luna since 2020… My LP is now worth 3USD!? Will i get all refund maybe?? Yeah, right… I wont get shit this way… All you calculated pump and dump guys will benefit the most…
How will this burn rate diminish supply for those who bought Luna for 0.000001??? We will have Luna whales with millions of tokens, all from buying worthless coin last few days and long term hodlers who last all will get what?? 150-200 Luna and 10.000USD as refund… Is that fair and how???
Pretty sure if you read the proposal there was a percentage going to people like you who lost a lot.
Be fearful when others are greedy, and greedy when others are fearful," said Warren Buffett, a phrase that encapsulates the contrarian philosophy.