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You have 12% transaction fee --rather burdensome, I think-- and featuring a deflationary system through burning-buyback. The 12% fees are for reflection, liquidity, marketing, and charity --we'll visit this topic later-- so where does the allocation for burning come from? You didn't reserve any from tx fee for it.

Well done on a clean audit on your contract. Please do some effort to improve your tokenomics and create a whitepaper to give people comfort if they buy into the pre-sale.

It is just my view, but I think it would help a lot if you can put into your tokenomics where the BUSD specifically is going to come from that will be used to reward holders.

Token buyback and burn will come as part of the marketing fee, this will be community driven by way of consensus to determine the details of token buyback and burn. Due to limited supply of the token it's impractical to include a constant burning in the protocol, instead the team and community will drive the burning event.

MLOKY is a second token within LunaChow ecosystem and you can see the whitepaper on our website https://lunachow.com. LunaChow ecosystem currently has 2 tokens - LUCHOW & MLOKY, and we have NFT Marketplace live, more features is under development that'll create more use case for both tokens in our ecosystem.

So your community will need to actively vote to determine the amount of the token burned instead of having an assurance that certain amount of token gained from fixed percentage of fee is gping to buyback and burn? What'll happen if your community vote the entire marketing budget to be used for buyback?

This will never happen as the token buyback & burn is an occasional events that'll be announced in the community by the team on the amount schedule for burn etc, The community can vote yes or no and also gives opinion. We have done similar community consensus many times in the past, as you may know, MLOKY is not our first token, so we got a hang of this already.

We have a limited token already, doing a fixed burn is impractical as there'll be a point where token burn will be too excessive or too expensive, so occasional burn is very practical. And focusing on burn alone is not really the most important feature of a token, it's just there mostly as an additional feature and that can be triggered manually occasionally.

So the burning program is not exactly "community driven" as team dictate when and how much is burned, your community can only gives a yes and a no, but nothing exactly specific?

And yes, I am well aware that this is not your first token, as you've repeatedly said --kinda hard to not notice, after the second time you informed us-- but that is exactly where the concern stemmed from, because, one, the other project is not exacatly... popular, and now --two-- you said that you have enough experience on the similar consensus --namely community driven burning-- while your previous project only have one burning and that happened on the eariest phase of the project and was planned from an even longer time, so I highly doubt that the burning is te result of your community-driven decision. And yes, I am also aware that you ave another buyback-and-burn feature on that token, but I an also see that there are no toher burning happened since, given the total amount sent to the burning address is the exact amount of the initial burn --99.9% of the total supply.

https://i.ibb.co/ZfXpWgj/Luchow-DEAD.jpg (https://imgbb.com/)

First, you are mentioning LUCHOW which has a different initial burn structure from the MLOKY, not sure how you draw the conclusion of similarity here, second you have no idea of everything about LUCHOW, as this token is on 7 blockchain, about 15 DEXs and CEXs total and some minor burn is happening on other blockchain, and that token has no team allocation, It has a token buyback solely funded by the team. Liquidity provision and marketing has been solely team funded, since there's no token allocation like other project do. Please always read and research before you draw conclusion.

Also, this post is about MLOKY and how it's structured, not sure what the issue is about burning a token that's already low supply, and you're referring to the community saying to use all marketing fee to buy back and burn. I think you are choosing an aspect of a this token and decided to create a FUD with it. This would be the last time I'll entertain your post as it's becoming clear that you're trying to create a FUD. The team is there to guide the community in the decision of the token buyback and burn, so as to prevent a disastrous and irrational decision that can arise due to human nature from time to time. Community driven is based on some consensus and feedback on the direction. For the most part the team work in the direction of as the community suggests in as much as the path seems beneficial to the ecosystem.

Community can drive in various ways, regarding the burn, they could call for the burn event in which the team will allocate certain amount to be burned, and sometimes they could involved in how much token is burned. So this is a dynamic situation and there's no one size or fixed set on stone here.

The goal is not to completely burn 100 million token, the goal is to create a burning an occasional burning event that can reduce the amount in circulating supply and this can be called by the community via consensus.

The similarity that's currently being compared here is that --as per your own explanation-- MLOKY will have a buyback-and-burn system that'll be community driven, which you confidently claim to have experience on it due to having the same system on your other project, although I seems to failed to find other burning evidences aside from the initial burn --which certainly is not a community driven.


GIven the other project --LUCHOW-- is ERC based, I assume that all of the small burns --the one that's driven by the community-- will happen on your ERC chain. Of course, I will be very happy to see evidences of past burning events on other chain, because I can't find that your BSC side do any burning.

Silly dear, I am not FUDing, I didn't hold any of your token, I have zero benefit from spreading any misinformation or FUD. I'm simply trying to prove how likely your project to do a rug-pull and abandon their investors because the project itself isn't worth investing on the first place. I will be very glad if I am proven wrong and that your features are spotlesss. Your reply that I quote below, though, sounds like an evasive attempt made by project that know if they continue on speaking, they'll expose themselves, kinda the crypto counterpart for "I have the right to remain silent and don't talk without my lawyer" thing. Lets hope I am wrong.


This brings us back to the topic of burning, because I think you rather misead your community by saying that they control the burning, but the amount and time itself is determined by the team, community can only vote yes or no. Don't we agree that it is rather a futile feature? Before you decide about how stupid I am, let me assure you that everyboy here knows that the goal here is not to burn the entire supply --I am marveled on how such idea that there is a possibiliy people thought the goal is to burn everything ever crossed your mind-- but rather to create scarcity.

Oh, by the way, I haven't even started. What we do right now is simply a discussion about burning system. If i want to choose an aspect and criticize it --not fudding-- it'll be the next topic, the charity program. The faster we can tackle this community driven vote, the faster we'll get into the juicy part of your silly charity project. Isn't this interesting?

Thanks for pointing out the whitepaper in LunaChow although I cannot read in the whitepaper anything about MLOKY. I also see in the whitepaper you pointed to, that 1 billion tokens goes to Vitalik Buterin. I dont understand why you do this, are you sending that amount to his address? Also, why start with so many tokens just to burn almost all of it immediately. You could have started with a smaller total and not burn anything.

Why did put the anti whale mechanism? Don't you think people should have the right to transact as much as they wish?
 what benefits will bring it to it?

It’s not your first token, you have a token earlier. So, why did you launch another token? Is there any connection between them?

Definitely there are freedom of transaction, but in case you didn't know, there are people using bot to manipulate transaction and the average legitimate user ends up getting hurt, this is the reason to have a control and some limitations. Please do more research on this to get more understanding why such is needed.

Same reasons banks has limitation on transactions in case of fraud.

How much token should I have to vote or pay any opinion about the project? Is there any minimal bar or any amount will be ok?

 How do you give the rewards in Busd? Do you have any reserve for that or you will buy busd first then give it to the users? Please elaborate this?

As you stated that 3% will go for marketing , how would this portion spend ? Do you have plan of launching Airdrop or bounty program? or this will be goes direct as an reward program?

Hey dev's don't you think auto liquidity idea will make token as a stable coin, because if you lock every time 2% after some time it might reduce the fluctuating of the price and would be stable?

When all the decentralized token are trying to lowering the fees you are having a 6% fees. Isn't it too much high to attract the people who doesn't want to spend much as transaction fees?

Hey on thread you said that hold the token and get the rewards. Did you mean staking? Nowadays staking is very popular and people are getting the benefits of it.

When will be this token fully functional like regular transaction and all the ecosystem goes smoothly running?
What can you predict from the roadmap?

If you have zero allocation for the team then what will be the motivation to work for this project?
They should have some incentives.

Your first token working on Nft  ,you have the marketplace for artists to list and market their NFT creativity.  is there any possibility that MLOKY will be the main token for that?

You have a unique features that 1% is for the kids, why are you helping the most vulnerable in our society  and kids? What is the back story of this?

How often do you plan to sponsor charities?

According to reports, 80%-90% of newly launched cryptocurrencies are scams or pulls. But it’s your 2nd token so there is a relief that it isn’t like that. And the features and benefits are really commendable. Will there any buy back mechanism?

A deflationary token with a revolutionary reward system is really a attracting idea for the investors. Would you launch any Airdrop also?

Token audits by crypto audit firms allow projects to prevent exploits of vulnerabilities that could result in the loss of client assets. Where is the audit report of yours, can you provide the link?

To continue the reward system running there should have a huge transaction each day and those fees will distributed as reward. That mean there should be high demand and low supply, How would you ensure that?

I was looking for you have the back of this project but couldn’t find the team. Are you anonymous or you showed yourself?
Can I have any contact of you?

For getting the rewards from you how long users have to hold it ? Id there any time limitation for that or it’s a time to time system that it follows?

Which exchanges you listed for your earlier token LUNACHOW ? And what is the plan to this token also ? Would we see some big exchanges name?