Terra Luna Classic (LUNCUSD)

[Gnarlyman]

It’s a 1.2% burn tax on every buy and sell. KuCoin is showing 24 hr price volume of $44M x1.2% = $528k x LUNC Price .00011ish is 4.8B LUNC Burned per day.
Obviously the price will go up but the burn is supposed to stay on until they reach the target token total of like 1B or something.

[MindlessSelf]

A 1.2% tax on our purchase is burned? How will that even make a dent in a 6 trillion supply?

[Gnarlyman]

Prop 3568 is the key, currently in TestNet with 4 validators, if they prove it works well the 1.2% tax will burn it fast. Glad I bought back in in the 6’s.

[MoneyRobot]

Yes there is a burn address. I have the url.

Its slow...we can get 150+ million coins burned each day and some days even 250+ million burned. That is awesome.....

BUT.....the problem is we have 6.5 TRILLION coins. That will take decades to burn at the rate we are going.

We need a few large holders like BINANCE to burn their coins. That will help big time.

[MoneyRobot]

We are back to .0001!!! Now lets BURN!

[MoneyRobot]

I do not know. All I know is LUNC is a solid coin. It just needs a purpose and a massive BURN! We are back at .0001. Its a good start. Most importantly, we need to BURN BURN BURN for now.

Terra still means something to us. Do Kwon left us for dead but we are still related to Terra.

The quickest fix that is not an option is to fix UST and repeg to the dollar and when the market recovers let UST burn the lunc coins. Its not going to happen. It probably cant even happen. But, I can dream. Cheers

[N-13]

Back to
0002!

[1200 Mooses]

And this is just the start!!

[StihlsawsRule]

Interesting indeed. So thats at least $3.6 billion so far that should be clawed back
to original LUNA holders. There is more.

[Gnarlyman]

This is on fire right now. $LUNC

[Xunefox]

Good read

https://thecryptobasic.com/2022/06/28/coindesk-korea-reports-terra-has-3-6-billion-in-ust-and-usdt-to-manipulate-prices-or-launder-money/

[Xunefox]

Amen

[StihlsawsRule]

Didnt DoKON already put a burn address in place a few weeks ago?
I think its listed on coinmarketcap dot com.

[N-13]

This thing is moving, does it mean something?

[MoneyRobot]

I know. Glad to see. Whats the status on the burns? I hope they adopt a burn model of somekind.

[SunshineSmiles]

Take out the words Billionaire and Harvard Business School and no one would care who Seth Klaman is.

I bought gold last month at $1850 and I bought $1850 worth of LUNC last month.

Which one is up 50% right now?

Screw Seth. LOLZ

[BottomBounce]

Billionaire Seth Klarman sees value in #Gold nobody should own #cryptocurrencies interview with Harvard Business School
https://kitco.com/news/2022-06-22/Billionaire-Seth-Klarman-sees-value-in-gold-nobody-should-own-cryptocurrencies-interview-with-Harvard-Business-School.html

[Xunefox]

Hey! It’s only 400,000 million dollars … give or take…

[SunshineSmiles]

LUNC success is a BIG FU to DoKon. Let's do it.

[SunshineSmiles]

Let's do it.

[StihlsawsRule]

FatManTerra keeps the trail hot on #DoKON,,,this is what we need every day.
Just keep thief boy front and center until he gives back the stolen billions.

https://coingape.com/hacktivists-warn-do-kwon-on-scam-we-will-hold-you-accountable/

LOL DoKon claims "I lost money." Sure you didpussyboy. IMO the whole LUNA crash scam was cover for him to steal billions and BTCs and get away in the smokescreen.

[StihlsawsRule]

Almost there now. Straight up since yesterday.

[MoneyRobot]

1st stop lets see lunc reach .0001. I have a small interest with lunc, luna and UST. Lets Ride.

[SunshineSmiles]

Yup

[DD14]

No matter what happened, I see this as an opportunity to make money: ))))))))7

[StihlsawsRule]

No one said there was proof, there is definitely allegation. Where did all that cash go? It went somewhere, just like the money from the 6.5 TRILLION LUNAs diluted into the bids on crash day, and all the BTCs that were 'sold to maintain the UST peg.' It just all went into a mysterious blackhole, that someone had access to. Baffling.

[DD14]

There is no proof of that 80 million, it’s just a rumor, we don’t see anything from SEC or any government agency, noting.

[StihlsawsRule]

Yeah I agree, knew about the extradition treaty too. Im looking at it from DoKons perspective. Im sure he will answer any subpoena in the US whether he wants to or not. Im sure he keeps in touch with his snowflake Stanford buds and wouldnt want to jeopadize that. These arrogant commie pricks feel they are above the law, and the shit he did proves it. I guess siphoning $80 million (plus other TF goodies and BTCs) a month and almost getting away with it will do that.

[SunshineSmiles]

I am Ride Or Die. Not joking. LOLZ

LUNC

[SunshineSmiles]

South Korea and the United States have an extradition treaty and a court case has started in the United States recently. Whether South Korea permits the extradition is another story. No need for dual citizenship. IMO

[Gnarlyman]

Sold mine to buy the ETH dip, I’ll be back if it goes back to 4s or lower.

[MoneyRobot]

Thoughts? Who is still holding?

[StihlsawsRule]

South Korean authorities not allowing Terraboys to leave the country. Sadly this has become a bankruptcy style play IMO. They already know what DoKon did ($80million a month in blatant theft IMO), with all the big players that got screwed I think justice will move a little faster than the normal pink sheet stock type scam.
DoKon has a few hundred million to his name for now AGAIN in my opinion, but I wouldnt wanna be him for all the money in the universe.
Does anyone know if he is a dual citizen? Pretty sure he will have to face the music at some point.

[SunshineSmiles]

Piss off DuhKwon. LOLZ

[TheFinalCD]

QUAD 4 Thanks DuhKwon

https://cointelegraph.com/news/do-kwon-dismisses-allegation-of-cashing-out-2-7b-from-terra-luna-ust

[SunshineSmiles]

Lets see if this happens in 2 hours:

Proposal #4080
Distribute 50% Transaction Fees to the Community Pool + Increase Proposer/Validator Rewards

Distribute 50% transaction fees to the community pool (35% to be burned via monthly community pool proposals; 10% airdropped to ecosystem devs, 5% retained for core Terra Classic development) and increase 'Base Proposer' and ‘Bonus Proposer' reward from 0.01 and 0.04 to 0.03 and 0.12 respectively.

94.8% Approval at 59.9% Voted Already.

[SunshineSmiles]

Burn Baby Burn

[SunshineSmiles]

Indeed. Let's go!

[Gnarlyman]

Saw that, need the CEXs to get on board with 3568

[Natureboy1]

I’m riding along with you. Need a good burn implemented to get this on the right track.

[TheFinalCD]

not only quiet dollar volume is anemic

[TheFinalCD]

$80M every month

Message in reply to:
ThiefBoyKon busted,,,,$80 million a month,,,,evidence of theft.

#LUNClawback

https://zycrypto.com/crypto-community-reacts-to-news-that-kwon-silently-cashed-out-80-million-monthly-before-terra-implosion/

[Mooseface]

From what I've heard, proposal #4080 will kick in to effect as soon as voting ends tomorrow...

[Gnarlyman]

Nope, I’m just waiting to see how this tax shakers out. Seems there is 3 different proposals floating around for changes. Just need swift implementation.

[SunshineSmiles]

Got silent here all of a sudden. Looks like I am riding alone. $LUNC

[SunshineSmiles]

Ride or Die...

Rich or Broke... LOLZ

$LUNC

Looking like broke right now. LOL

[SJVB]

Was thinking the same

[Mooseface]

Price holding up nicely here as BTC sinks...

[StihlsawsRule]

Thats true, and I dont. If DoBoyKon is in bed with kennyboy and ratfink, he will be off limits and above the law just like them.

[StihlsawsRule]

Its not hurting, so IMO it could only help. I wish LUNC/LUNAscam2 would decouple already.