I know what cz said, and he also said whales will never trade with tax.
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It would be nice to dedicate the heads of CEX to this plan. Make sure there are no surprises.
A risky business, of course. But I believe in an increase in turnover and activity of buyers after the introduction of the tax on combustion. Especially after your information about the presence of large stocks of Lunc at CEX.
They will because of my plan will get a coalition of major exchanges to apply the 1.2% burn tax. This prevents most of the whale flight. Plus with the 1.2% burn tax in place there will be billion plus LUNC burns each day with huge volume and price rises, any trader whale will trade that volatility. My plan is to convince exchanges, itās not to make trading whales who donāt hold LUNC great again. They will benefit from the price action but the plan is primarily to benefit LUNC investors.
@nikolson41075 Yes part of the plan is we achieve private consensus of major exchanges before the launch so one exchange does not have to step out alone.
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We are not going to trade paying that type of tax 
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If the movement within the day is 5-10%, there will be those who wish.
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The off-chain is unaffected until the 1.2% burn tax is accepted on major exchanges. Then when LUNC is going up multiple times you arenāt going to trade that? Traders go where there is volatility. Iām not trading Iām buying as much as I can and holding for the longer term prices. 1.2% tax will be nothing for traders with what LUNC will do if we succeed in getting the 1.2% off-chain.
LUNC will be massively pumping and with huge volumes, I donāt know why you are concerned about trading whales over investors. If we can convince exchanges to do the 1.2% we are on a certain path to $1+. I donāt know how people think thatās a bad thing.
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Why are we talking about the problem of paying 1.2% tax, when we know that this will send the price sky high. Anyone who wants to take part in the new LUNC rise will most likely pay 1.2%, but it must be charged everywhere - so it cannot be avoided.
At the end of the day, it is meaningless to talk about 1.2% because the volatility itself can be +/- 5 or even more % per day and we are used to this with any coin (it is crypto !!!)ā¦ +/- 1.2% or more you can got everyday without tax, so where is the problem? ā¦ But 1.2% burn tax is some kind of garantie that blockchain is working on remuving exces suplly - so this is something that I as an investor wish!
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Hypothesis 1:
You invest 1M without burn taxā¦ in three years your investment is still worth approx. 1M (because excess supply problems are not solved, LUNC remains increasingly unattractiveā¦)
Hypothesis 2:
You invest 1M and pay 1.2% burn tax (like all others)ā¦ so you invested 988,000. After a few months of burning, the excess supply is eliminated. The price increases as a result - for example x10. Your investment is now worth 9.88Mā¦
So what will be your decision?
Anyone who does not want to trade with the 1.2% burn tax will have to wait for the months when we remove the excess supply. When the tax is abolished, you can start buying !?. The decision is yours.
When growth occurs I believe everyone will trade - even the whalesā¦ and whatās a 1.2% burn tax compared to daily volatility anyway??
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Why stop at 1.2%?
Besides you ignoring basic fundamental tokenomics, you could simply push up burn tax and implement sell tax of say modest 8%.
Now then you are cooking with gasoline.
Sure, supply without demand is meaningless and price stays flat, but at least you got to burn it
RugDetector is neutral on this unless you get exchanges to implement it first.
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1.2% for a whale is a lot of money. Considering that in other blockchains the payment you make for each transaction is almost imperceptible
1.2% burn tax on exchanges is fair and not excessive. Itās also the original recovery movement so we should choose this exact number as we gained the most ground with it. We had CZ saying it could work if all exchanges implemented, we had CZ saying he would do an opt-in 1.2%, we achieved fee burn because of the push. There is history there and the 1.2% burn tax was the correct amount, and is still the correct amount. 1.2% is not excessive for buy/sell so that we all contribute to the lower supply. 1.2% on buy and sells is perfect, if we succeed in achieving off-chain burns we will have billion plus burns per day.
Of course the plan is judged a fail if we canāt get major exchanges to implement the off-chain 1.2% burn tax within 6 months. If 6 months pass and it doesnāt work we can roll back the tax changes.
If it works as we work together as a community to fulfil each step of the plan we can put LUNC on the path to $1+. It will be an amazing victory if we succeed. I believe itās definitely worth a shot to fully explore off-chain burns. As dapps will be tax exempt in my plan we can still build on-chain while pursuing my plan.
Only during periods of low volatility will they even care about 1.2%. But the whole point of achieving the consensus of major exchanges means we have a united front where the 1.2% is adopted, and we continue to push for further adoption, so almost everyone by volume % should be incurring the 1.2% burn tax. This is everyoneās contribution to LUNCās greatness.
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Spot on!!!
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Holy shit @JESUSisLORD how many of these threads have you opened? 
I thought I was bad for putting up 4 multisig props, but youāre well on your way to take that spot! 
And speaking of multisigsā¦
@aeuser999 wen multisig money? 
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You bumped a thread which hadnāt been posted in for 15 days. How far down the page did you scroll to do that?
This is the first iteration of my plan posted on 19 March 2023. The Final Vision Plan for LUNC to $1+ is the updated version posted on April 24 and is the thread to continue discussion, currently still locked for 2 days due to trolls.
Thereās only 2 threads. The original, and the updated, posted over a month later from the first, to update the plan with new details. Thereās nothing wrong with that. I hadnāt posted here in this thread for 19 days until now. Please continue any discussion in the updated thread if/when it opens: Final Vision Plan for LUNC to $1+.
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All the others were locked, lol.
Dude itās locked, lmao.