LUNC 1.2% burn per transaction = is this true or lies? - page 3.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: thegoatiest on July 19, 2022, 12:55:31 PM

It sounds like a good idea. Lord knows Lunc needs burning Roll Eyes

Apparently it's currently burning on a testnet due to go live next month.
Is this true? Or is it just shillers shilling... or trolls trolling?

Also very importantly - are the coins traded on CEX included in the 1.2% burn? if not then this is just going to flop.

Why is lord involved on here? LoL. It's your problem already if you invest on a shady projects like this. Lord can't help you with but maybe yes if you pick those projects who are more deserving and are honest. It's still on a testnet but I think not all on testnet can come true so this might be a kind of shill as you said, in order to attract more buyers and then you know what can happen next.

I have expected that people already learned their lesson and won't repeat the same mistakes again but it seems I am wrong because until now there are still lots of them who hope's that this luna coin can recover and make them rich again but this time for real.

X-ray

hero member

Activity: 3066

Merit: 536

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Quote from: serjent05 on July 22, 2022, 06:16:51 PM

Now they wanted to implement the burn system, another adjustment at a cost of investors' holdings. LUNC developers never cease to amaze me with how they wanted to put all the sacrifices to investors.

Agreed, the inflation problem is the problem that must be solved by them without sacrificing the investors. If the burn mechanism will be implemented and investors will become the party who already sacrificed by the developers. The luna developers are so shady.
That's why regulators want to catch them all. There will be a big tax to the any transactions that will be done by the investors.
The team didn't even take their responsibility to solve this. They are keep taking alternative solution for that which sacrificed the investors.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: thegoatiest on July 19, 2022, 12:55:31 PM

It sounds like a good idea. Lord knows Lunc needs burning Roll Eyes

Apparently it's currently burning on a testnet due to go live next month.
Is this true? Or is it just shillers shilling... or trolls trolling?

Also very importantly - are the coins traded on CEX included in the 1.2% burn? if not then this is just going to flop.

Could you provide a trustworthy source please?

Cheers,
TG

It is a gimmick and nothing more, Luna is dying and they are just trying to delay the inevitable, do not fall for it, Luna is never going to go back to its previous levels of popularity because the first thing that people think when they think of Luna is that it is a shitcoin, without a high level of trust no coin will ever get far and Luna does not have the trust of the community anymore, now you may make some money if you trade the coin, but you need to be incredibly careful and sell all your coins as soon as there is any indication that a new crash is coming

bussybuddy

full member

Activity: 1190

Merit: 105

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Quote from: serjent05 on July 22, 2022, 06:16:51 PM

It is funny how LUNC devs make fool of its investors. They increase the token creation per day and then stated that it was exploited, (though I have a doubt that they are the one who exploited that mechanism.) Then the overinflation of LUNC makes them decide to fork and create Luna and rename the old chain LUNC. Again they avoid responsibility and see fork as an escape. They do swap some tokens but it is very minuscule to compensate for losses from investors. Now they wanted to implement the burn system, another adjustment at a cost of investors' holdings. LUNC developers never cease to amaze me with how they wanted to put all the sacrifices to investors.

Yeah, that's funny to LUNC. I can't believe such a public lie still has the support of those who believe in its recovery. After what happened, I personally put it on my list of dangers not to be concerned about in this market. The way they got it wrong and justified it, the people who suffered a lot after the catastrophic failure that the project created, one of the worst pieces of history in the crypto space that I have witnessed.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

It is funny how LUNC devs make fool of its investors. They increase the token creation per day and then stated that it was exploited, (though I have a doubt that they are the one who exploited that mechanism.) Then the overinflation of LUNC makes them decide to fork and create Luna and rename the old chain LUNC. Again they avoid responsibility and see fork as an escape. They do swap some tokens but it is very minuscule to compensate for losses from investors. Now they wanted to implement the burn system, another adjustment at a cost of investors' holdings. LUNC developers never cease to amaze me with how they wanted to put all the sacrifices to investors.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: thegoatiest on July 19, 2022, 12:55:31 PM

It sounds like a good idea.

It does not. People blame short term traders for price dump (it dumps because its shitcoin or crypto winter), for project failures (it fails because its shitcoin), for their own mistakes etc. In fact short term traders create volume and volatility, which brings market makers and arbitrage traders that create liquidity, which attracts bigger traders and bigger market makers, which attracts big investors that knows that asset is big enought and popular enought to enable them go in and out whenever they need to. not in and baghold forever becuase there is not enough demand to sell. All this increased trading traffic end up as price and project value goin up. Limit trading and you end up with shitcoin with high spreads, no liquidity and no investors.

And no serious CEX will support that.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Here you can find some resource : https://thecryptobasic.com/2022/06/09/new-terra-luna-classic-lunc-burning-proposal-receives-80-votes-in-favor-will-it-be-implemented/

The community make a proposal for this mechanism burn/transaction, based on the news from my link. More than 85% agree for this proposal, they also needed exchange to support all of these idea.

Maybe you can join their community or reddit.

thegoatiest

member

Activity: 200

Merit: 12

It sounds like a good idea. Lord knows Lunc needs burning Roll Eyes

Apparently it's currently burning on a testnet due to go live next month.
Is this true? Or is it just shillers shilling... or trolls trolling?

Also very importantly - are the coins traded on CEX included in the 1.2% burn? if not then this is just going to flop.

Could you provide a trustworthy source please?

Cheers,
TG

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