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Terra Luna Classic | 1.2% LUNC Burn & Development Tax During IBC Reopening

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Daily Crypto News Updates ! Not Financial Advice!

https://classic-agora.terra.money/t/1-2-burn-development-tax-during-ibc-reopening/48374

LUNC Validator: You Earn! We Burn! The More Delegates! The More We Can Burn https://station.terra.money/validator/terravaloper15ahd0dg9qwkg5tjmkn7fm6sdrpwa47m50l4zrg
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44 Comments

  1. Just leave the tax alone. Let the network grow first before touching the tax rates again.

  2. To be honest, I dont think is a good idea to go back to 1.2. Will destroy our project and community.

  3. If we split the chain to pos and pow, the coin will enter on the mining world and much more people will know LUNC, because miners that have youtube chanels will talk about lunc, in a few months this coin will be much more popular…

  4. Other way to burn a lot more LUNC, is if we split the chain on prove of stake and prove of work. TON coin is an prove of stake coin, but for a few months they have used prove of work so miners could mine half of the coins on the chain. This could make ecx to buy more LUNC so miners could mine. Think about that. We could split 2 trilions to be mined, and the rest to the prove of stake…

  5. We could stake ustc on terra station. Binance have ustc staking with 3%, i move my ustc to binance to stake, if we have on terra station with an good apy, people will move their ustc to stake their, because i believe that an repeg can save LUNC. Please think about that

  6. Besides, when volume is low tax goes down to 0.2 % but when volume is high tax goes up to 1.2 %. So low is like average of last 7 días below 30 B and high is like average of last 7 días over 180 B. With steps of 0.4 % to 67.5 B, 0.6 % to 105 B, 0.8 % to 122.5 B and 1 % to 150 B.

  7. Sounds like the smart thing to do to me! Thanks for the udate! Have an awesome day!👍🚀🖖

  8. "To accomplish great things, we must not only act, but also dream, not only plan, but also believe." —Anatole France

  9. I am delegating with you and agree 100%. Utility is good but less supply with higher demand will increase the value.

  10. I know some projects have burned more than 50% of their TS but still price did not move up. So move price up will need more than burn tax.

  11. Thank you for covering my proposal. I love your idea for automatic tax adjustment mechanism. That would be an ideal solution to be honest. I hope this can be worked on in the future. As for the CeXs, they would find a way to do it. Probably they would just apply a highest or average fee on the deposits and withdrawals and let us have a fluctuating one on chain. That's what they did when 1.2% went live – they just used a higher fee than needed 'just in case'
    As for my proposal, I will appreciate if you supported it and I'm happy to address any feedback – preferably in Agora or live.
    My proposal comes from a pragmatic perspective. When I got to writing it, I learned from validators and coders that the tax parameter we have at the moment is far from perfect and we can't really control what it does except for burning and sending funds to community pool ( which isn't much accurate either). So I tried to come up with workarounds – how to achieve the same results without spending months coding new functionalities. For the second part of my proposal I tried to gather up all what I learned from people smarter than myself and break it down into long term plan that can be worked on as we go. We'll, this is what I came up with! The discussion was up for more or less a week and since I did not receive much feedback on the tax rate and parameters – I have put it up for vote.
    Should it pass or not – the important thing is that we have started a discussion about our chain and how to improve it going forward.

  12. We definitely need an adjustable burn tax something that's liquid something that's fluid so when the volume does hit a certain level it automatically raises itself to 1.2% when's the volume that dissipates it goes back to 0.2%. we needed fluid we needed liquid we needed adjustable

  13. In absolute agreement with this proposal. We lowered the tax based on false promises from the CEXes that it would allow them to implement it on-chain without problems, but none of them did it. So let's go back to what was working for #LUNC, because that should always be our primary motivation.

  14. Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3

  15. The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.

  16. Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.

  17. Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3

  18. I am not interested in those coins anymore, there are much better and safer altcoins like Marshmello Finance MARSH3.

  19. The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.

  20. Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.

  21. Why do you say there is no way? Have you seen Marshmello Finance MARSH3 This thing is gonna skyrocket 🚀🚀

  22. Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3

  23. No smart because it is not smart . Keep this simple . You know this straight tax 3% across the board rewards etc . The Cex are not burning at .2 percent like everyone said they would in the community so look at the difference that would have been burned now with 1.2 lol this is a joke . Day traders aren't the long term holders of Luna classic if we don't burn supply it will not reward them because well be dead before it happens 100 years later .

  24. Put it up to 50% right before ibcs are open and the drop it back to .2% lol boom a couple 100 billion 🔥

  25. i wish you could discuss proposals in the station, like a commentary field under the votes

  26. It is better to invest now. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age. Big thanks to JOSEFTRADE

  27. It's about time somebody realize to set back the burn Tax into 1.2% , while part of it will fill up the oracle rewd pool. Need to make sure it'll pass so it could be implemented the soonest.

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