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RE: Did Luna's Do Kwon Take The Bitcoin and Run?

in #leofinance2 years ago

seems there is a committed community of LUNAC people ... going to be interesting to see if they can do anything while Kwon has pretty much abandoned them. They have passed a proposal for burning of supply until it's down to 10B... now to see if it gets implemented.

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Yeah, a split community and volunteer burning. Ugh

Good Luck guys

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the split is similar in tone to that between Hive and Steem. It settled down in time.

The burn is not voluntary. The proposal which was passed will require asking the exchanges to setup a 1.2% fee on all LUNAC transactions for purchasing and burning... until the 10B supply is reached. It will require some coding changes on the chain ... work on that is underway.

That is why I'm curious to see if it happens. Apparently it has been done on some other chains.

Interesting! Thanks for sharing.

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