Look at what CZ said, the solution is only burn, instead of making forks and etc, listen to that young rich man.
As many people said , add 10-1% burn on each transcation, that doesn’t even make sense, who will ever trade token with that fee, i have being already on many defi projects that added 10-1%, they was instant fallen. But 0.1% - 0.05% does make sense, Do Kwon you can also contact to all exchanges so they all can add an extra fee of trading 0.1% - 0.05% which will be burned on each trade, every exchange is now support your ecosystem and your blockchain, they even put listing back.
Look at binance LUNA/BUSD volume 15 T coins in 24 hours trade
just a simple math 15 / 100 * 0.1 so its around 13 billions tokens will be just wiped through fee every day untill there is good trading demand
People won’t even care if there will be such as 0.1-0.05% fee on trading, but they will care if there will be 1-10% no one would trade this way.
Do Kwon think about it, with this idea we actually can burn 90% of total supply within couple of months. Don’t miss a chance, before trading demand and hype i still high!
Also when UST is stable, you can use it transaction FEE to pay old investors who joined from 1$ to 120$
Everyone will wait and trust, your blockchain have big opportunity
Apparently the managers don’t know who the important people are, the people who used to be penniless and LUNA is dying, the people who are buying now are your dads, you have to get more people to buy, you have to first Resurrection, you LUNA is qualified to save the previous people! And you’re trying to drive away the people who are buying, you want to resurrect UST, that’s a result no one wants to see, you should know that if no more people buy, you’re gone forever，
Follow the advice of CZ, they are stronger than you, listen to the powerful
Please change your header and put [Proposal] in front of the title
Too many posts and too many noises now, most of them are stupid suggestions
Burning at 0.1% rate at each transaction is the only way to go, beside asking Do Kwan, Terra Team and GS390 to come out with money from their pockets to buy back and burn off
@Johnydeep Burning any LUNA supply is a good idea. Have all interest earned in USTs but all fees paid in LUNAs for burning. We would end up as other currencies but perhaps could be one of the better ways to recover.
There are deep concerns about the existing fundamental issues with the current tokenomics. You can read about them in the proposal linked below. LUNA burned as fees is a positive suggestion.
Thank you for your contributions. All ideas are welcomed.
Do Kwon look at the daily volume on the markets, its insane, do you guys still think luna is done? No one will trade a fallen tokens like this, we have big community and its even increasing more now again. Do Kwon you have to hurry, get all your team and make decision, also you can contact top exchanges owners like CZ, and they actually tell you guys what to do in this case now to survive the project. Its not about money now, its all about reputation now, become a LEGEND or become Scammer
Luna is probably one of the most famous cyrtos now, beside BTC, ETH, Doge & SHIB which were known long ago
Do the burn rate @ 0.1% per transaction, Luna and may be UST (need to relook into the system and logic, hard pegging wont work) will be back again soon
yes thats correct mate, they should start already prepare and do something now! It will gain even more hype and tomorrow Volume will be at 20 billion usd for sure in 24hrs
