New York, NY, USA – LUNA BURNX has a hyper deflationary auto burn feature in the contract which causes each trade to burn a large amount of the total supply. Due to the massive increase in the number of burns, the supply is decreasing more and more and the price is increasing. They also regularly organize manual engraving events.
Moreover, they have an automatic liquidity feature which makes the token even more stable.
Cryptocurrencies are different from currencies like the euro or the dollar. This means that they are not subordinate to any organization or authority and are therefore theoretically stable against the value influences of the various market players. In addition, cryptocurrencies are characterized by the fact that they are managed in a decentralized way and offer a high degree of security, speed and confidentiality.
In practice, this means that anyone with internet access can buy cryptocurrency from anywhere, can trade cryptocurrency – for example via CFDs – and send money to other people without incurring disproportionate costs.
“What is a cryptocurrency? » we can therefore not only answer by giving you the possibility of making payments on the internet in complete safety and speed, but also by saying that money is a means of payment totally used by the general public and not controlled by an authority .
LUNA BURNX ($LUNABURN) is a decentralized finance (DeFi) token on the Binance Smart Chain (BSC).
Unlike projects that are heavily dedicated to agriculture, acquiring liquidity pools, we aim to avoid disorderly price swings as much as possible.
The total supply of this token decreases each time a token transfer occurs.
A percentage of the transferred amount will be burned with each 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 feature offers a two-pronged benefit. As the contract collects tokens from buyers and sellers and sends them to the liquidity pool, it maintains a stable floor price. And the second benefit of these transaction fees is that they discourage arbitrage, supporting healthier, safer, and more dynamic volume for holders.
If we consider the liquidity pool as the basis that keeps the system “afloat”, we can make a model comparison with the burn functions, which not only have a short-term benefit of a decrease in supply, but also in the long term. When whales tend to sell large positions or take profits, a burn feature will have substantially little or no effect at that time since it is the liquidity pool that sustains the ecosystem. By sending 2% and 5% of these sales to the liquidity pool, a strong cushion is formed, negating the effect of potential larger price declines, resulting in a stable price floor.
NFT LUNA BURNX
As part of our ecosystem, LUNA BURNX will be part of our own NFTP platform.
We are creating a unique and unprecedented NFT platform, especially for meme tokens.
Here, investors and anyone who wants to get together can trade and exchange their NFT memes.
WHAT ARE NFTs?
NFTs (non-fungible tokens) are unique, non-interchangeable assets minted in chains. The fundamental attributes of NFTs, such as their verifiable uniqueness and indivisibility, give them special value and categorically separate them from other types of assets. The transparent nature of the underlying code means that the rarity and ownership of a given token is obvious, eliminating the need for a trusted intermediary. We see the emergence of NFTs as a continuation of the paradigm shift from centralized to decentralized systems. This framework now opens up new business models for 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. No LUNA BURNX NET may be replicated or transferred without user permission.
WHY GET INTO NFTs
Transparency, authentication, ownership, provenance, copyright and infringement are common issues in the art and music industry. Moreover, historically, acquiring ownership of art and music was reserved for elites who had the means and millions to invest. There is no doubt that art and music were not meant to be limited in this way and were meant to be owned and enjoyed by anyone, transcending all social and economic barriers.
Fortunately, with our designed ecosystem, such obstacles become almost obsolete. We live in incredible times, where the art and music industry is creating and deploying incredible and sophisticated pieces.
IÜNÄ BURNX EXCHANGE
With LUNA BURNX Swap, you can trade cryptos in your private key wallet or trading account. Trading from your private key wallet provides the benefits of non-custodial and on-chain trade settlement.
Conversely, trading from your trading account allows for faster settlement and no network fees.
There are many good reasons to love the Swap:
- Quickly trade for an asset you think will grow
- Going from a volatile asset to a stablecoin
- Protect yourself against real-world events
- LUNA BURNX exchange platforms are designed to integrate with the world’s leading cryptocurrency exchanges, allowing users to accurately research and select the best rates for the transaction.
E-mail: [email protected]
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Press release distributed by The Express Wire
To see the original version on The Express Wire, visit Introducing LUNA BURNX – The Hyper Deflationary Token with Hyper Deflationary NFTs