/biz/ - Business & Finance

LUNC is at risk of crabbing along then dropping off to obscurity. We need a community wallet to act as a "Deadman's Switch"

>Take part of the tax + community donations to buy strong crypto (BTC/ETH/etc)
>Accumulate in a wallet ran buy the devs
>If LUNC's price ever goes down to a certain point (E.g. $0.000001), the pot is used to buy loads of LUNC and burn it (Either instantly, or over a staggered period to generate hype), massively reducing supply.

The possible effects of this may be:

>Awareness of this mechanism will keep speculative interest higher
>Hype for LUNC after the supply is up may reignite, plus massively reduced supply, will raise the price per token beyond post-crash ATH

Once achieved, the pot starts building again, ready for another super-burn

>>51489159

STEPS FORWARD?

>See Bitcoin's price history ~2017/2018
>Note the highlighted area
>Similar to LUNC right now
>ETH has a similar price history

Steps forward to actually developing LUNC:

>Strong Delegator/Validator interaction. The community needs to be regularly talking to, and engaging with Terra Rebels, and supporting validators who have clear plans for increased utility...Allowing LUNC to be traded beyond CEXs, working towards a repeg, developing links with companies and building trust in the coin again.
>Promotion: Get the word out there. Talk about LUNC, highlight it when it is on the rise. Remember "When your hairdresser is talking about Bitcoin, it is time to sell". LUNC has to be pushed into the normie sphere
>E.g. If LUNC is trending upward, contact journos and offer them a weeks worth of staking rewards if they publish a hype article. A few 10's of k of LUNC would be small in the long term, but to a person with nothing to lose, but a massive potential gain, that could be quite the bribe. LadBible/VICE/etc and other shitrags have these sort of normie midwits writing for them, and LUNC has a good story arc
>CHOOSE VALIDATORS WHO BURN. LUNCDAO burns it's 6% yield atm. A small amount in the grand scheme, but every little helps. Consider redelegating from Orion (Who supported DK's fork, over to LUNCDAO)
> Any social media post giving positive LUNC coverage LINK TO /tlcg/ and instruct people to like/comment/share/hashtag to link to wider crypto community/etc...Give positive attention to boost it in the algorithms of social media site

Thoughts? I think using staking rewards as FOMO bribes for articles might be a good idea for hype generation?

VALIDATOR CHAT:


>>51415056
>>51415056
>>51415056

How to increase our burn momentum

>Whilst the burn is being implemented on Sept 20th, getting all CEXs to get on board with off-chain burns may take a while
> A counter to this is to redelegate your staked tokens to LUNCDAO
> LUNCDAO burns their staking yield, so moving tokens to them will speed up the burn and have a better shot at gaining to momentum to raise FOMO
> Redelegated all my Orion staked tokens, as I found out they supported Do Kwon during the initial crash with developments like the fork

How to increase our burn momentum

>Whilst the burn is being implemented on Sept 20th, getting all CEXs to get on board with off-chain burns may take a while
> A counter to this is to redelegate your staked tokens to LUNCDAO
> LUNCDAO burns their staking yield, so moving tokens to them will speed up the burn and have a better shot at gaining to momentum to raise FOMO
> Redelegated all my Orion staked tokens, as I found out they supported Do Kwon during the initial crash with developments like the fork

Also, general Validator chat