The motivation is to accelerate LUNC currency deflation and restore community confidence.
→ Cut the current supply to 1/10th(10%) through a hardfork. Effectively multiplying by 0.10 will make the current supply 600Billion, the price will adjust accordingly and nobody loses anything.
Continue with the burn plan through trade and move fees.
I don’t think it’s necessary to make a hard fork when another blockchain already exists (Luna2). And how would you apply the ratio? Would people lose 9/10 of their tokens?
The price will adjust according to the new total supply, and the owner of the coins will not lose anything in terms of value, but the project takes a huge step forward: 2 years.
This is the most effective and fastest way to get this project back to its original splendor. But, of course, it won’t be popular because everyone is contaminated with the idea of “I’m just going to buy some of this cheap coin and become a millionaire, easy and fast hahaha” without having any idea how the investment world works, without understanding the feeling of traders and the worst without caring about the project itself.