LUNC 1.2% burn per transaction = is this true or lies?

ancafe

hero member

Activity: 1582

Merit: 690

Quote from: adaseb on August 22, 2022, 11:44:56 PM

Honestly I would just avoid anything related to Luna altogether. This pretty much is the reason why Bitcoin crashed down to $17K. It’s the reason so many loan providers and market makers went bankrupt. Many people are upset at this coin and I don’t see it having much of a future.

Sure it’s cheap however it’s past will always haunt most people and no large player will invest in it again.

i also do the same. unfollowed LUNA since its price dump. I think that quite a lot of people are waiting for the price of LUNC to go up, that's why they are still following the development process of this project. other than that, I'm also not sure that burning will make the price of LUNC increase, it's because people have lost faith in this project, and are waiting for the moment to sell it if they still hold it. however, the impact that LUNA has had on the crypto world has been dire.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: blockman on August 22, 2022, 09:51:09 AM

Quote from: ?? on ??

So many people keep being trapped in this shit. No matter how many awareness already made and those people keep fallen into the trap that being used by some garbage scalpers. There's no token burning. that's was only click bait that already made. This scam coin is steadily going down no matter how good the news that was coming. I hope after do kwon will be jailed and people will realize if they have been making big mistake by investing in lunc.

Well, that's why shit projects are still coming in the market because of those investors that never moves on and learn from their mistakes. There's already the thought that this project is f*cked up and then with the said upgrade or what for the compensation of investors, they still hoped that there will be a big thing that shall come into it. But nothing has happened, it just generated new money to these cons and the investors were left behind again hanging hoping that there will be a comeback but they have to realize that there's none.

And this happens because people do not really understand what is behind the markets, those people which believed in the developers when they said they had a plan and thought that just because of that a recovery was imminent and bought even more coins have no idea of how the market works, an asset can only sustain its price if investors keep putting money into that project and that is only possible when they trust the people behind the asset, but when that trust is lost no one in his right mind will do so, which means that regardless of what it is said and done the project will never recover.

SlimShadyMmp

full member

Activity: 1470

Merit: 103

COMBO 2.0

Luna ecosystem is actually dead to me I think it just need final nails to its coffins but seriously whats going to make people have trust of that ecosystem again I mean seriously who in his normal sense decide to lock up his wealth there Dont forget it has billions of marketcap turn to dust in matter of hours and some people still thin do kwon is getting resurrected Goodluck Personally LUNC is the new doge to me

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: adaseb on August 22, 2022, 11:44:56 PM

Honestly I would just avoid anything related to Luna altogether. This pretty much is the reason why Bitcoin crashed down to $17K. It’s the reason so many loan providers and market makers went bankrupt. Many people are upset at this coin and I don’t see it having much of a future.

Sure it’s cheap however it’s past will always haunt most people and no large player will invest in it again.

Only to those people who do get dragged of with the hype but speaking into those old investors then i wouldnt really see that they would really be making out some involvement again with this
project considering into its past where its value goes to 0% then making up some forks or version 2? Do you really believe that there are still people in the past will really be coming back
and make out some engagement into this project once again? I dont think so, this is why its better to avoid and not to trust up into those Luna devs
no matter how good the proposal of such changes or whatever plans that do have.

adaseb

legendary

Activity: 3738

Merit: 1708

Honestly I would just avoid anything related to Luna altogether. This pretty much is the reason why Bitcoin crashed down to $17K. It’s the reason so many loan providers and market makers went bankrupt. Many people are upset at this coin and I don’t see it having much of a future.

Sure it’s cheap however it’s past will always haunt most people and no large player will invest in it again.

blockman

hero member

Activity: 2912

Merit: 627

Vave.com - Crypto Casino

Quote from: ?? on ??

So many people keep being trapped in this shit. No matter how many awareness already made and those people keep fallen into the trap that being used by some garbage scalpers. There's no token burning. that's was only click bait that already made. This scam coin is steadily going down no matter how good the news that was coming. I hope after do kwon will be jailed and people will realize if they have been making big mistake by investing in lunc.

Well, that's why shit projects are still coming in the market because of those investors that never moves on and learn from their mistakes. There's already the thought that this project is f*cked up and then with the said upgrade or what for the compensation of investors, they still hoped that there will be a big thing that shall come into it. But nothing has happened, it just generated new money to these cons and the investors were left behind again hanging hoping that there will be a comeback but they have to realize that there's none.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Minecache on August 15, 2022, 12:35:55 AM

Quote from: Kopetunto on August 14, 2022, 03:20:22 PM

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

The loss that Luna caused is so terrible, I know many people still can't believe it's real but we need to get over it and start over. Yes, no matter how well they plan, once investor confidence is gone, there is no way to restore it. Forget Luna, everything is in the past, luna is not the only potential coin of the market and we have hundreds of potential coins on the market, opportunities still abound.

I agree but many people simply do not learn their lesson no matter how painful it was, just a while ago I checked the Terra luna reddit and I remember that when all of this happened things got so bad that it got temporarily closed because many people exposed thoughts of ending their lives because of what was happening and posted about how they had lost all their money by investing in Luna, and yet only months after all what happened there are already people there thinking that Luna is going to recover and produce massive profits, so we must admit that there are people that will never be convinced of the truth even when it hits them right on the face.

SirLancelot

hero member

Activity: 2492

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: bitkanu on August 14, 2022, 07:44:49 PM

Quote from: Kopetunto on August 14, 2022, 03:20:22 PM

even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

Lol are you sure about listing? this will not even helping to give a small pump and it already listed in so many exchange sites as well. There was no good plan anymore. This time regulators are looking for explanation from the developers caused by that. They must be jailed.
They have become harsh with their investors and they must responsible with thing that already happened with luna. this is also affecting trust for crypto

Burning is a must if the supply of the coins is really huge and I think if they have this, it will attract more people as they think that it can make the price to sky rocket but they don't know that it's not enough but in order for a coin to become successful, other factors should also come in play.

The moment this new luna coin came out, it is already listed on some exchanges which is great but they intend to do that because they are trying to help those others who have lost a lot of money on their previous projects. The coin did pump by some percent during their early phase but I don't know if what is the update to the coin now if it's still alive or dying.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Kopetunto on August 14, 2022, 03:20:22 PM

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

The loss that Luna caused is so terrible, I know many people still can't believe it's real but we need to get over it and start over. Yes, no matter how well they plan, once investor confidence is gone, there is no way to restore it. Forget Luna, everything is in the past, luna is not the only potential coin of the market and we have hundreds of potential coins on the market, opportunities still abound.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

Quote from: Kopetunto on August 14, 2022, 03:20:22 PM

even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

Lol are you sure about listing? this will not even helping to give a small pump and it already listed in so many exchange sites as well. There was no good plan anymore. This time regulators are looking for explanation from the developers caused by that. They must be jailed.
They have become harsh with their investors and they must responsible with thing that already happened with luna. this is also affecting trust for crypto

goaldigger

sr. member

Activity: 2310

Merit: 355

Quote from: Kopetunto on August 14, 2022, 03:20:22 PM

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

This can still be subject for manipulations especially if whales started to hype this one again, so be very careful. With the current market situation, I also don’t like putting money here because they already lose the trust of the public and that burning system is not enough to pump this project again. The worst about this is that, the same problem can happen again because the team didn’t make any big adjustments, so if you are still holding and hoping for LUNC to rise again, that’s the risk you should understand.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Ayers on August 07, 2022, 07:08:01 PM

it's sad that people still believe in dokwon and his team
he stole everyone's money and set up a drama to cover his sins, somehow people still believe in a guy who took all their money, pushed them to the edge of the abyss

whatever his team is doing, i'm sure there's no way to recover luna, unless he spends billions of dollars to save i,t but if you were him, would you be willing to spend your money to save others?

They are being delusional, they do not want to accept the reality of the situation, they are desperate because they bought at a very high price and they have lost everything, but why do they still believe in Kwon? Because he gives them hope, even if it is false hope, after all people like us tell to them there is nothing to do and that they should accept their losses and move on, while Kwon tells them there is still a way out, so when we think about it makes sense they prefer to believe him instead of believing what we say.

Kopetunto

member

Activity: 630

Merit: 10

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: ?? on ??

When the coins have been indicated to be detrimental to investors and try to rise, of course it is a difficult thing, I don't say this is impossible but I'm sure no one will have been patient to wait until it returns to the initial position, if Luna's price can reach 10% before the dump then then I'm sure all investors will sell it.

LUNA might not be able to get back to the top again, don’t get hype with this burning system because again they didn’t make any commitment to repay the losses of big investors, instead they took another path by creating a new token which is not a good solution at all. I think the trust of the public to this project is already over, and I’d rather buy more good coins than to this.

Tomohisa

full member

Activity: 360

Merit: 100

Quote from: ?? on ??

Quote from: andresteves on August 08, 2022, 11:57:58 AM

So basically word of advice is to not touch it, ever! Still don't know why LUNA 2.0 is getting so much attention after the LUNC fiasco.

People are so dumb, they never learn from what they have seen before. So many people are also getting triggered by some scalpers if luna will be going to the moon again. I didn't even know what they were thinking about that. I was getting surprised to see that if luna 2.0 was also getting so many attention. it will never recover what already gone. LUNC is a big fail in the crypto history. people are only betting on it. I will not call those people are investors but they are gambling with scam coin.

Both LUNC and LUNA are the dead horse that is now being led by the pump&dump group. I doubt any sensible investors still look out for this coin, just newbies here. Maybe till the Terra Luna team got to jail for the UST peg bullshit that nails a final coffin to this coin so everyone can finally move on from it.

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: ?? on ??

Quote from: andresteves on August 08, 2022, 11:57:58 AM

So basically word of advice is to not touch it, ever! Still don't know why LUNA 2.0 is getting so much attention after the LUNC fiasco.

People are so dumb, they never learn from what they have seen before. So many people are also getting triggered by some scalpers if luna will be going to the moon again. I didn't even know what they were thinking about that. I was getting surprised to see that if luna 2.0 was also getting so many attention. it will never recover what already gone. LUNC is a big fail in the crypto history. people are only betting on it. I will not call those people are investors but they are gambling with scam coin.

Unfortunately, that is the reality we are living in right now. People are not smart enough to realize that they were fooled once, and they could be fooled again. I actually saw people getting scammed by the scammer who told them they can retrieve their money from another scammer, so not only they got scammed but they got scammed from the same topic twice. So, if you see that, you lose all hope that people would start investing properly and smartly.

I prefer that it would be quite good and long researched project before I invest into anything and shouldn't have a literal "crashed and lost billions to people" hanging over its head before I invest it.

Mame89

sr. member

Activity: 1512

Merit: 418

Quote from: fuguebtc on August 08, 2022, 05:37:41 PM

Quote from: Mame89 on August 08, 2022, 02:41:38 PM

with tantalizing advertisements for token burning. I'd better put my money in BNB, ETH, BTC which is certain there will be good growth in the years to come, although not for now. i don't want investors to fall victim to a second time from luna whatever they offer my advice, but that's the right of each. 2540$ was lost in a few days my money in the form of Luna coins

If you've lost money with Luna before, it's best to stay away from what's left of it. If you want to recover those losses, you should put all the rest in bitcoin and ethereum from now on, they will help you recover in the coming years as the market enters the next bull cycle.
There is no point in continuing to pour money into Lunac with a slim chance of only having a 1% chance of success, not even 1 percentage win in my mind.

right, it would be nice no longer to expect anymore about the Luna coin to recover again. but I still haven't received the incident of losing my big asset, but how else can this be the way it is. for now I have not done to buy coins in the future bull. I have planned bitcoin and ethereum for long term investment to recover my lost assets from Luna.

el kaka22

legendary

Activity: 3500

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

As long as the name is Luna, you should stay away from it. I really do not know if they burn or not each transaction, but they can burn 1.2% of total supply and I wouldn't care. They screwed up and they can't fix this anymore, it is not going to happen. Just focus on what you can do, and ignore the fact that Luna ever existed.

If you keep on hoping that one day it will get better again, then you are going to end up with a loss all over again. This is why it is dangerous to put any money into it, since it "may" look like it is good for just a while, but then it will end up not being that good at all eventually when the day comes and you will be sorry about it.

fuguebtc

hero member

Activity: 1750

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Mame89 on August 08, 2022, 02:41:38 PM

with tantalizing advertisements for token burning. I'd better put my money in BNB, ETH, BTC which is certain there will be good growth in the years to come, although not for now. i don't want investors to fall victim to a second time from luna whatever they offer my advice, but that's the right of each. 2540$ was lost in a few days my money in the form of Luna coins

If you've lost money with Luna before, it's best to stay away from what's left of it. If you want to recover those losses, you should put all the rest in bitcoin and ethereum from now on, they will help you recover in the coming years as the market enters the next bull cycle.
There is no point in continuing to pour money into Lunac with a slim chance of only having a 1% chance of success, not even 1 percentage win in my mind.

Mame89

sr. member

Activity: 1512

Merit: 418

with tantalizing advertisements for token burning. I'd better put my money in BNB, ETH, BTC which is certain there will be good growth in the years to come, although not for now. i don't want investors to fall victim to a second time from luna whatever they offer my advice, but that's the right of each. 2540$ was lost in a few days my money in the form of Luna coins

andresteves

newbie

Activity: 28

Merit: 0

So basically word of advice is to not touch it, ever! Still don't know why LUNA 2.0 is getting so much attention after the LUNC fiasco.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: AmoreJaz on August 07, 2022, 06:29:15 PM

Quote from: South Park on August 07, 2022, 06:22:12 PM

Quote from: bittick on August 02, 2022, 02:09:28 AM

Quote from: virasisog on August 01, 2022, 12:05:39 PM

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

And you do not get to become someone with that much money while throwing your money at the dumpster fire that is Terra luna or any other similar project, the people that bought the coin for 100 dollars or more must accept the reality of the situation in which they are in, they have lost their money and there is nothing they or anyone else can do to change this, so what they can do about this? Learn from this experience, so something like this never happens to them ever again.

much better if they can allot their money to other valuable projects. but this luna team, i believe, they are just doing all these attractive features to gain the trust of their naive buyers again. but i don't think this will last. they are just buying time here and maybe pull another stunt. in my opinion, don't trust these people with your hard-earned money, better go for other solid projects.

it's sad that people still believe in dokwon and his team
he stole everyone's money and set up a drama to cover his sins, somehow people still believe in a guy who took all their money, pushed them to the edge of the abyss

whatever his team is doing, i'm sure there's no way to recover luna, unless he spends billions of dollars to save i,t but if you were him, would you be willing to spend your money to save others?

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: South Park on August 07, 2022, 06:22:12 PM

Quote from: bittick on August 02, 2022, 02:09:28 AM

Quote from: virasisog on August 01, 2022, 12:05:39 PM

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

And you do not get to become someone with that much money while throwing your money at the dumpster fire that is Terra luna or any other similar project, the people that bought the coin for 100 dollars or more must accept the reality of the situation in which they are in, they have lost their money and there is nothing they or anyone else can do to change this, so what they can do about this? Learn from this experience, so something like this never happens to them ever again.

much better if they can allot their money to other valuable projects. but this luna team, i believe, they are just doing all these attractive features to gain the trust of their naive buyers again. but i don't think this will last. they are just buying time here and maybe pull another stunt. in my opinion, don't trust these people with your hard-earned money, better go for other solid projects.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: bittick on August 02, 2022, 02:09:28 AM

Quote from: virasisog on August 01, 2022, 12:05:39 PM

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

And you do not get to become someone with that much money while throwing your money at the dumpster fire that is Terra luna or any other similar project, the people that bought the coin for 100 dollars or more must accept the reality of the situation in which they are in, they have lost their money and there is nothing they or anyone else can do to change this, so what they can do about this? Learn from this experience, so something like this never happens to them ever again.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: virasisog on August 01, 2022, 12:05:39 PM

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: cryptoaddictchie on July 24, 2022, 10:25:50 PM

Even though they created a good burning mechanism for lunc still the people remember what it did to massive community money and will not just regain it trust to the public easily.

yhup that would be the problem even they created a good mechanism for their project to recover, where in despite if the community is very skeptical to trust again there's no way they will succeed. Imagine how luna plunges as well and almost the entire holder lost massive money from it and now they are very worried and scared to be part again on the project. So surely LUNC will not regain trust easily even this is very promising idea.

livingfree

hero member

Activity: 2786

Merit: 578

Quote from: peter0425 on August 01, 2022, 03:37:06 AM

Quote from: livingfree on August 01, 2022, 03:07:42 AM

Do you have an idea how much supply LUNC has? Even if it burns a supply per transaction, it will still move that much because its volume is not even going up anymore.

was wondering also how much burning they need before this comes to effect the value movement of this coin?

It will go for a long way before it goes back to its former but I don't see it happening. Well, if it does, then congratulations to its believers.

Quote from: peter0425 on August 01, 2022, 03:37:06 AM

Quote

The price that it has got is no longer moving up and that's why whether you're optimistic about this project, you should accept it earlier that this project is going nowhere.

What i think here is that OP is holding tons of this coin so he is eager to bump the project and at least gather some investors to add flavor for the coin?

I'm sure that he's not just the one who's holding a lot of it. There go those investors that have bought it when it's on the top and not yet having any issues.

They were comfortable at that time and that's why they've bought a lot of it until the debacle starts.

Quote from: peter0425 on August 01, 2022, 03:37:06 AM

Quote

You'll at least have that acceptance as early as you can before actually getting hurt with that hope of yours.

he adopted this As early as he is , so now he is looking for the upward in which not coming near .

Sad to say, that all of us think the same that there's no more hope for this coin.

virasisog

hero member

Activity: 1820

Merit: 537

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation. They have a very high supply and it will be hard for them to burn it in every transaction as what they said. Their reputation has been ruined and it will be hard for them to recover again and no matter how hard they try to regain the trust of their investors through this kind of update, it can't make their coin pump.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: livingfree on August 01, 2022, 03:07:42 AM

Do you have an idea how much supply LUNC has? Even if it burns a supply per transaction, it will still move that much because its volume is not even going up anymore.

was wondering also how much burning they need before this comes to effect the value movement of this coin?

Quote

The price that it has got is no longer moving up and that's why whether you're optimistic about this project, you should accept it earlier that this project is going nowhere.

What i think here is that OP is holding tons of this coin so he is eager to bump the project and at least gather some investors to add flavor for the coin?

Quote

You'll at least have that acceptance as early as you can before actually getting hurt with that hope of yours.

he adopted this As early as he is , so now he is looking for the upward in which not coming near .

livingfree

hero member

Activity: 2786

Merit: 578

Do you have an idea how much supply LUNC has? Even if it burns a supply per transaction, it will still move that much because its volume is not even going up anymore.

The price that it has got is no longer moving up and that's why whether you're optimistic about this project, you should accept it earlier that this project is going nowhere.

You'll at least have that acceptance as early as you can before actually getting hurt with that hope of yours.

cryptoaddictchie

legendary

Activity: 2072

Merit: 1315

Quote from: serjent05 on July 31, 2022, 06:04:47 PM

Besides, the UST crash was rumored to be initiated by the Project company's wallet, so I think the authority must investigate this.

Not sure if speculation or proven, but if this is actually a scheme one then Do Kwon is really a con artist. If he manage to safekeep some and know that a certain crash would occur or connivance with the big firm whom liquidated them then this is one of the worse history on crypto events.

Quote from: crzy on July 31, 2022, 06:46:05 PM

This project is already dead, I don't know why we are still talking about LUNA, this burning update is not a good solution in the first place, well I might be wrong but their history never lies.

Hype mate. Obviously some are just hoping for a quick flip here thats why they bought lunc and risking it for a sudden surge based on news alone. No developer would wanted to work and continue a broken project.

crzy

full member

Activity: 2128

Merit: 180

Quote from: cryptoaddictchie on July 24, 2022, 10:25:50 PM

Even though they created a good burning mechanism for lunc still the people remember what it did to massive community money and will not just regain it trust to the public easily. Do Kwon knew this and play along not to be crucify for his wrong doings, but what worse is those good projects under luna are affected even those with potentials.

This can be a good burning mechanism but it can never back the trust of the investors, this is true there's a lot of good projects under that network are still affected and i hope they have the option to change their network just like the other projects did. This project is already dead, I don't know why we are still talking about LUNA, this burning update is not a good solution in the first place, well I might be wrong but their history never lies.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

Quote from: cryptoaddictchie on July 24, 2022, 10:25:50 PM

Even though they created a good burning mechanism for lunc still the people remember what it did to massive community money and will not just regain it trust to the public easily. Do Kwon knew this and play along not to be crucify for his wrong doings, but what worse is those good projects under luna are affected even those with potentials.

Yeah, the Luna developer scandal won't be easily forgotten. There are lots of people who lose their entire life money because of the bad decision made by the project developer. Besides, the UST crash was rumored to be initiated by the Project company's wallet, so I think the authority must investigate this.

The burning mechanism is a big bull****. If they didn't increase the daily creation of Terra Luna in the first place( now known as Terra Classic) it shouldn't have been exploited (who knows probably the hacker is within the team member) and there is no need for this burning mechanism. Then they fork to new LUNA abandoning people who supported the LUNC to not get 0 value. And now burning 1.2% per transaction, to decrease the LUNC token supply. How long will it take to get LUNC to million supply?

thegoatiest

member

Activity: 200

Merit: 12

Quote from: doomloop on July 23, 2022, 09:39:49 AM

Quote from: thegoatiest on July 19, 2022, 01:55:31 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.

I'm an atheist. Lord is a turn of phrase. Stay on topic pal.
Yeah Kwon needs to go to jail for sure.
Why are so many of the comments here hostile? weird..

cryptoaddictchie

legendary

Activity: 2072

Merit: 1315

Even though they created a good burning mechanism for lunc still the people remember what it did to massive community money and will not just regain it trust to the public easily. Do Kwon knew this and play along not to be crucify for his wrong doings, but what worse is those good projects under luna are affected even those with potentials.

o48o

legendary

Activity: 2856

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: thegoatiest on July 19, 2022, 01:55:31 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

Artificially trying to add scarcity makes me think of even more scam. If that's even possible. Yeah, technically it should add value if people use it. But personally i woud develope actul use cases. Also game theory of their plan is on the wrong tracks, this is artificial and not sustainable solution.

robattfield

full member

Activity: 783

Merit: 108

Quote from: thegoatiest on July 19, 2022, 01:55:31 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

Overall, no matter how they make excuses, I see it as a scam. They create it and pour it into investors' heads and then fix it by burning, and in my opinion, staying away from Luna related things is a way for me or many others to not have any more trouble with the investment. with this market.

Before asking for comments from the community, they broke themselves and turned it into a pile of trash. Keep that in mind.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

Quote from: X-ray on July 23, 2022, 05:12:53 AM

Quote from: serjent05 on July 22, 2022, 07:16:51 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.

It was very shady indeed especially when there is a rumor about the involvement of terra labs wallet in the UST crash.

Quote from: X-ray on July 23, 2022, 05:12:53 AM

That's why regulators want to catch them all.

I hope regulators can develop a terraball to catch them all Grin

Quote from: X-ray on July 23, 2022, 05:12:53 AM

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.

I think not only tax but possibly fraud cases.

I also think that this token burning implementation is just another gimmick to play another psychological game with its investor. The idea of less token, less supply, higher price << that is effective if there are still great support from investors.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Tytanowy Janusz on July 23, 2022, 12:12:39 PM

Quote from: serjent05 on July 22, 2022, 07:16:51 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.

At first they thought that one coin created out of two coins (luna and UST) can create wealth out of nowhere. It didn;t work out so their solution was to add another token XD Yea sure devs. 3 tokens can create wealth out of nowhere especially if whole project is compromised and authorities already chase people responsible for this disaster - https://cryptobriefing.com/u-s-and-south-korean-officials-meet-to-discuss-terra-collapse/

They should just apologize and hide under the mantle of shame instead of lying that they are able to build this project back up and fooling even more investors.

Its obvious but still people do really make themselves look a fool because they do still dive in into these projects related to LUNA devs and still hoping that they could really make money or profits?
IF you are a gambler and risk taker then you would really be acting like this but not all does have this kind of plan but rather they are making themselves blind and lose on the second time around.
Why people cant really take up some learning on their past mistakes? Whether that 1.2% burn per transaction is real or not but still this team cant really be trusted.
They had broke the trust and now they are trying to rebuilt and showing that it is worth the investment? Never again.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: serjent05 on July 22, 2022, 07:16:51 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.

At first they thought that one coin created out of two coins (luna and UST) can create wealth out of nowhere. It didn;t work out so their solution was to add another token XD Yea sure devs. 3 tokens can create wealth out of nowhere especially if whole project is compromised and authorities already chase people responsible for this disaster - https://cryptobriefing.com/u-s-and-south-korean-officials-meet-to-discuss-terra-collapse/

They should just apologize and hide under the mantle of shame instead of lying that they are able to build this project back up and fooling even more investors.

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: thegoatiest on July 19, 2022, 01:55:31 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: 2800

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: serjent05 on July 22, 2022, 07:16:51 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: 2492

Merit: 1332

Quote from: thegoatiest on July 19, 2022, 01:55:31 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: 1176

Merit: 105

Chainjoes.com

Quote from: serjent05 on July 22, 2022, 07:16:51 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: 2842

Merit: 1253

Cashback 15%

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, 01:55:31 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: 2450

Merit: 1225

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

Topic: LUNC 1.2% burn per transaction = is this true or lies? (Read 401 times)