Terra Luna Classic (LUNCUSD)

[xZx]

exactly. IF the plan gets implemented, and someone buys $2,000 of LUNC, then $40 worth of LUNC tokens are burned. gone forever.

same with sells.

so with dollar volume of $200M a day (lately our average) then $4M worth of tokens is burned. at .00009580 (current price) that'd be 41,753,653,444 tokens burned per day.

if we have 6.5 trillion tokens circulating, then it would take 156 days to burn them all.

but we know as the circulation drops lower, that 2% would be fewer tokens gone, so it wouldn't remain 41B per day as supply really shrank.

and of course the tax would not affect those who hold. more holders would mean less burning and probably higher prices. lol

even if centralized exchanges didn't do this burn, if the decentralized ones participated, that would help a lot.