Topic: [ANN] [MLOKY] 🚀MLOKY Token Fair Launch 🚀 - page 2. (Read 275 times)

Why did put the anti whale mechanism? Don't you think people should have the right to transact as much as they wish?
 what benefits will bring it to it?

Thanks for pointing out the whitepaper in LunaChow although I cannot read in the whitepaper anything about MLOKY. I also see in the whitepaper you pointed to, that 1 billion tokens goes to Vitalik Buterin. I dont understand why you do this, are you sending that amount to his address? Also, why start with so many tokens just to burn almost all of it immediately. You could have started with a smaller total and not burn anything.

The similarity that's currently being compared here is that --as per your own explanation-- MLOKY will have a buyback-and-burn system that'll be community driven, which you confidently claim to have experience on it due to having the same system on your other project, although I seems to failed to find other burning evidences aside from the initial burn --which certainly is not a community driven.


GIven the other project --LUCHOW-- is ERC based, I assume that all of the small burns --the one that's driven by the community-- will happen on your ERC chain. Of course, I will be very happy to see evidences of past burning events on other chain, because I can't find that your BSC side do any burning.

Silly dear, I am not FUDing, I didn't hold any of your token, I have zero benefit from spreading any misinformation or FUD. I'm simply trying to prove how likely your project to do a rug-pull and abandon their investors because the project itself isn't worth investing on the first place. I will be very glad if I am proven wrong and that your features are spotlesss. Your reply that I quote below, though, sounds like an evasive attempt made by project that know if they continue on speaking, they'll expose themselves, kinda the crypto counterpart for "I have the right to remain silent and don't talk without my lawyer" thing. Lets hope I am wrong.


This brings us back to the topic of burning, because I think you rather misead your community by saying that they control the burning, but the amount and time itself is determined by the team, community can only vote yes or no. Don't we agree that it is rather a futile feature? Before you decide about how stupid I am, let me assure you that everyboy here knows that the goal here is not to burn the entire supply --I am marveled on how such idea that there is a possibiliy people thought the goal is to burn everything ever crossed your mind-- but rather to create scarcity.

Oh, by the way, I haven't even started. What we do right now is simply a discussion about burning system. If i want to choose an aspect and criticize it --not fudding-- it'll be the next topic, the charity program. The faster we can tackle this community driven vote, the faster we'll get into the juicy part of your silly charity project. Isn't this interesting?

First, you are mentioning LUCHOW which has a different initial burn structure from the MLOKY, not sure how you draw the conclusion of similarity here, second you have no idea of everything about LUCHOW, as this token is on 7 blockchain, about 15 DEXs and CEXs total and some minor burn is happening on other blockchain, and that token has no team allocation, It has a token buyback solely funded by the team. Liquidity provision and marketing has been solely team funded, since there's no token allocation like other project do. Please always read and research before you draw conclusion.

Also, this post is about MLOKY and how it's structured, not sure what the issue is about burning a token that's already low supply, and you're referring to the community saying to use all marketing fee to buy back and burn. I think you are choosing an aspect of a this token and decided to create a FUD with it. This would be the last time I'll entertain your post as it's becoming clear that you're trying to create a FUD. The team is there to guide the community in the decision of the token buyback and burn, so as to prevent a disastrous and irrational decision that can arise due to human nature from time to time. Community driven is based on some consensus and feedback on the direction. For the most part the team work in the direction of as the community suggests in as much as the path seems beneficial to the ecosystem.

Community can drive in various ways, regarding the burn, they could call for the burn event in which the team will allocate certain amount to be burned, and sometimes they could involved in how much token is burned. So this is a dynamic situation and there's no one size or fixed set on stone here.

The goal is not to completely burn 100 million token, the goal is to create a burning an occasional burning event that can reduce the amount in circulating supply and this can be called by the community via consensus.

So the burning program is not exactly "community driven" as team dictate when and how much is burned, your community can only gives a yes and a no, but nothing exactly specific?

And yes, I am well aware that this is not your first token, as you've repeatedly said --kinda hard to not notice, after the second time you informed us-- but that is exactly where the concern stemmed from, because, one, the other project is not exacatly... popular, and now --two-- you said that you have enough experience on the similar consensus --namely community driven burning-- while your previous project only have one burning and that happened on the eariest phase of the project and was planned from an even longer time, so I highly doubt that the burning is te result of your community-driven decision. And yes, I am also aware that you ave another buyback-and-burn feature on that token, but I an also see that there are no toher burning happened since, given the total amount sent to the burning address is the exact amount of the initial burn --99.9% of the total supply.

This will never happen as the token buyback & burn is an occasional events that'll be announced in the community by the team on the amount schedule for burn etc, The community can vote yes or no and also gives opinion. We have done similar community consensus many times in the past, as you may know, MLOKY is not our first token, so we got a hang of this already.

We have a limited token already, doing a fixed burn is impractical as there'll be a point where token burn will be too excessive or too expensive, so occasional burn is very practical. And focusing on burn alone is not really the most important feature of a token, it's just there mostly as an additional feature and that can be triggered manually occasionally.

So your community will need to actively vote to determine the amount of the token burned instead of having an assurance that certain amount of token gained from fixed percentage of fee is gping to buyback and burn? What'll happen if your community vote the entire marketing budget to be used for buyback?

Token buyback and burn will come as part of the marketing fee, this will be community driven by way of consensus to determine the details of token buyback and burn. Due to limited supply of the token it's impractical to include a constant burning in the protocol, instead the team and community will drive the burning event.

MLOKY is a second token within LunaChow ecosystem and you can see the whitepaper on our website https://lunachow.com. LunaChow ecosystem currently has 2 tokens - LUCHOW & MLOKY, and we have NFT Marketplace live, more features is under development that'll create more use case for both tokens in our ecosystem.

Well done on a clean audit on your contract. Please do some effort to improve your tokenomics and create a whitepaper to give people comfort if they buy into the pre-sale.

It is just my view, but I think it would help a lot if you can put into your tokenomics where the BUSD specifically is going to come from that will be used to reward holders.

You have 12% transaction fee --rather burdensome, I think-- and featuring a deflationary system through burning-buyback. The 12% fees are for reflection, liquidity, marketing, and charity --we'll visit this topic later-- so where does the allocation for burning come from? You didn't reserve any from tx fee for it.

Reflection: $BUSD & $LUCHOW Reflections: Earn Binance pegged USD ($BUSD), and $LUCHOW rewards by holding your MLOKY token - 6% of every transaction is redistributed automatically to your wallet.


Auto liquidity: Our smart contract allocates 2% of every transaction as MLOKY and BNB into the locked liquidity pool which increases the total available liquidity and ends up resulting in price stability.


Marketing: 3% of the transaction tax is allocated to marketing. This will help to consistently create more awareness of the LunaChow ecosystem.


Charity for kids: 1% of the transaction tax is allocated to the LunaChow charity program. The program ensures constant reach out to the most vulnerable in our society, the kids who need our help.


Deflationary: There will be occasional LUCHOW & MLOKY token buyback and burn which limits the circulating supply of all tokens in our ecosystem.


Anti-whale mechanism: Our Anti-Whale mechanism ensures that no single transaction exceeds 1% of the total supply.

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