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David Goebelt - LUNC Validator Profile picture
David Goebelt - LUNC Validator
@davidagoebelt
Seeking to live through Jesus' love, I love my wife and kids, entrepreneur, economics, econometrics, #LUNC validator
Dec 1, 2022 • 9 tweets • 3 min read
Explaining #LUNC Proposal 10983:
Increasing Burned Funds From 10% to 50% Remint

We all want to burn the supply on LUNC. I don't believe there are any LUNC holders who would disagree.

🧵 Our first idea was to have a burn tax, which I was hopeful about, but it turned out the on chain volume wasn't high enough to burn supply quickly so we appealed to the exchanges to implement our tax. Some exchanges like CoinInn and MEXC adopted burning early and Binance did...