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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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The development of LUNC (Luna Classic) is at a critical stage, with multiple factors driving its value potential.
First of all, LUNC is undergoing a significant deflation process. This is not just a theoretical assumption, but a fact supported by actual data. Multiple exchanges, including well-known platforms and some overseas exchanges, are actively participating in the LUNC burn plan. They are using a portion of the transaction fees to burn LUNC. Although this practice has not been widely publicized, it has been ongoing.
Secondly, the on-chain mechanism of LUNC is also promoting deflation. Every large transfer requires a fee of 0.5%, which is directly burned. For example, transferring 10 billion LUNC requires a payment of 50 million as a fee. This mechanism ensures that deflation is occurring at all times, and the LUNC public chain does not face additional inflationary pressure, as its block rewards come from 10% of the burned fees.
Another noteworthy development is that the proposal for the restart of algorithmic stablecoins has been approved. The core of this proposal is to utilize the deflationary effect of LUNC to support USTC (TerraClassicUSD) in re-pegging to the US dollar. Specifically, if LUNC deflates by 3 billion in a given month, then 500 million to 1 billion may be allocated to assist USTC in restoring its 1 dollar peg.
These factors combined bring significant appreciation potential for LUNC. While growth of 100 times or even 1000 times may sound exaggerated, these predictions are based on actual data and conservative estimates.
For investors, it is important to personally verify this information and build their own confidence. Only in this way can one remain calm in the face of market fluctuations, rumors, and FUD (fear, uncertainty, and doubt) while seizing potential huge opportunities.
The future development of LUNC is worth looking forward to, but at the same time, investors need to remain cautious and rational, continuously paying attention to the progress of the project and market dynamics.