LUNA AND LUNA CLASSIC - Terra

LUNA CLASSIC! VEGAS THE CREATOR OF 3568 TEXT PROPOSAL TO BURN 1.2% ON ALL TRANSACTIONS! SPEAKS TO US

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3568 | Text proposal
Voting
Tax/Burn 1.2% all transactions
VOTE LINK: https://station.terra.money/proposal/3568

VEGAS’S TERRA GOVERNANCE PROP 3568 : https://agora.terra.money/t/burn-mechanism-on-transactions-1-2/43759

How to create a TERRA WALLET: https://docs.terra.money/docs/learn/terra-station/download/terra-station-desktop.html

We Will Be BURNING LUNACLASSIC With the First 3 Months Channel Revenue Upon Being Monestised Here At HappyCattyCrypto

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26 Comments

  1. The problem is I'm not going to down load terra station to vote that's B's exchanges should let us vote on the exchange we want the burn they know it they 100 thousands of people that hold lunc on exchanges most of us don't even have external wallets that's the problem wallets need to be easier to do screw terra station I want to vote on my exchange

  2. Firstly: it is wrong to suggest that CEX can't do the tax, it would be a profoundly simple thing for them to tax every transaction, you just need their support. Binance and KuCoin are the two exchanges you need in particular, and CZ has already shown support for a burn publicly. MEXC exchange has already done a LUNC burn! The idea that CEX can't/won't do it is completely misinformed.

    My suggestion throughout has been to burn 3% initially and then reduce the burn to zero in milestones. 1.2% will take too long. At 3% burn, at current volumes, we'd burn around 40bn coins per day initially. Accounting for the shrinking supply you move from 6.9tr, to around 10-20bn in the first year. If you want that to be quicker, do a bigger tax. Like 5%. There are people calling for as high as 10% but I think this is too excessive. I think it should be kept small so as not to impose/restrict trading volume, I think 3% is the ideal number.

  3. Kwon has already referred to Classic as 'toast' and he has outright said 'we're dumping this thing for next best thing' – Email the Validators! Keep the pressure on – If we don't get it this time, put it right back in for a vote again until they are dead sick of seeing it.

  4. 2.0 had quorum in less than a day. And quadruple the support this proposal has. Seems very fishy.

  5. What’s crazy to me is that this vote doesn’t even have a quarter of do kwons proposal in the same time frame. Sketchy things happening behind the scenes per do kwon. He really finessed every investor in Luna classic.

  6. Not only should we vote, but we should start emailing and posting on Reddit support forums, informing the exchanges of our intention and what is hopefully on its way.

    Let them know this is something we want beforehand, so they can get used to the idea for a while before having to take action

  7. Thank you for fighting for this guys. Apologies if this is an obvious question or has been answered elsewhere but how long would it take for the price to get back to $1 after burn tax is implemented?

  8. i cant find the 1.2% vote? there's just a Upgrade Terra Classic To Re-enable IBC

  9. 3 days left, does anyone know when votes normally pass? Im assuming normally passed by now? Or do they wait to last minute?

  10. How to find this proposal? Current proposal is to re enable ibc but this 1.2 I cannot find it.

  11. Even if the proposal passes, what is the guarantee that exchanges will apply the tax burn? It is just a text proposal

  12. My concern is how were they able to print all this supply in a short period of time but now find difficult to burn it

  13. As a major Luna Classic holder, I'm happy to hear directly from a team rep reassuring us that Luna has a plan and direction.

  14. Thank you for the update. Personally I think the tax should be slightly higher and the max supply should be brought down further than 10 billion. Perhaps 1 billion or even in the millions. Only my opinion though. Whatever is agreed to, you have my full support and I think the community is very excited for this.

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