New York, NY, USA — LUNA BURNX has a hyper deflationary auto burn feature in the contract , which causes each transaction to burn a large amount of the total supply.
Due to massive increase in the number of burns ,the supply is becoming less and less and the price is increasing. They are also running manual burn events on a regular basis.
Furthermore they have an auto liquidity function which makes the token even more stable.
Cryptocurrencies are different from currencies like the euro or dollar. This means that they are not subordinate to an organization or authority and are therefore theoretically stable against value influences by individual parties in the market. In addition, cryptocurrencies are characterized by the fact that they are managed decentrally and offer a high degree of security, speed and privacy.
In practice, this means that anyone with internet access can buy crypto currency from anywhere, can trade crypto currency – for example via CFDs – and send money to other people without incurring disproportionate fees.
“What is a cryptocurrency?” can therefore not only be answered by giving you the opportunity to make payments over the internet safely and quickly, but also by saying that the money is a means of payment that is completely used by the general public and is not controlled by an authority.
LUNA BURNX ($LUNABURN) is a Decentralized Finance (DeFi) token on the Binance Smart Chain (BSC).
Unlike projects heavily dedicated to farming, liquidity pool acquisition, we aim to avoid messy price fluctuations as much as possible.
This token decreases in total supply every time a token transfer happens.
A percentage of the transferred amount will be burned with every transfer. Any trade removes a portion (10% of the transaction) of the total supply permanently. Your balance becomes a larger proportion of the supply.
The Automatic Liquidity function serves a two-pronged benefit. As the contract collects tokens from both buyers and sellers and sends them to the Liquidity Pool, it nurtures a stable price floor. And the second benefit of this transaction fee is that it discourages arbitrage, supporting a healthier, safer and more vibrant volume for the holders.
If we think of the Liquidity Pool as the foundation that keeps the system “afloat”, we can make a model comparison to burn functions, which not only carries a short-term benefit from a supply decrease, but long term too. When whales tend to sell large positions or take profits, a burn function will have noticeably little to no effect at that moment since it is the Liquidity Pool that supports theecosystem. By sending 2% and 5% of those sales to the Liquidity Pool, a strong cushion is formed, negating the effect of bigger potential price drops resulting in a stable price floor.
LUNA BURNX NFTs
As part Of our ecosystem LUNA BURNX will be part Of our own NFTPlatform.
We are creating a unique, unprecedented NFT platform, especially for meme tokens.
Here investors and anyone Who wants to come together can exchange and trade their meme NFTs .
WHAT EXACTLY ARE NFTs
NFTs (non-fungible tokens) are unique, noninterchangeable assets, minted on-chain. The core attributes of NFTs, such as their verifiable uniqueness and indivisibility, grant them special value and categorically separate them from other asset types. The transparent nature of the underlying code means that the scarcity and ownership of any given token are self-evident, eliminating the need for a trusted intermediary. We view the emergence of NFTs as a continuation of the paradigm shift from centralized to decentralized systems. This framework is now unlocking fresh business models for the creators of digital and physical collectibles.
The creation of each NFT encodes a unique genome that defines its ultimate appearance, traits, ownership and hereditary lineage, even as it changes. Any LUNA BURNX NET cannot be replicated and cannot be transferred without the user’s permission.
WHY LEAP INTO NFTs
Transparency, authentication, ownership, provenance, copyright and forgery have been prevalent issues in the art and music industry. Moreover, historically, acquisition of art and music ownership had been restricted to elites who had the means and millions to invest. It is without question that art and music were not meant to be restricted in that way and were intended to be owned and enjoyed by anyone, transcending all social and economic barriers.
Fortunately, with our designed ecosystem, such obstacles become nearly obsolete. We live in an amazing time, when the art and music industry creates and deploys incredible and sophisticated pieces.
IÜNÄ BURNX SWAP
With LUNA BURNX Swap, you could exchange crypto in your Private Key Wallet or your Trading Account. Swapping from your Private Key Wallet provides the benefits of non-custodial, on-chain trade settlement.
Conversely, swapping from your Trading Account provides faster settlement and no network fees.
There are many great reasons to love the Swap:
- Quickly swap into an asset you believe will grow
- Move out of a volatile asset into a stablecoin
- Hedge against real-world events
- LUNA BURNX Swap platforms are designed to integrate with the world’s top cryptocurrency trading exchanges, allowing users to search and accurately select the best rates for the transaction.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.