The Luna Red Classic Protocol is based on a token with passive yield mechanics that do not stem from transfer taxes.
The passive yields on the protocol come from supply expansion from new buy orders (which represent organic demand for the token). As a Luna Red Classic holder, you passively earn more tokens for every new buy order placed for $LRC. Your rewards are instantly “delivered” into your wallet after each new buy. There is no staking, no delegating, and you earn rewards even when you’re offline.
The $LRC token being a native token of the Luna Red Classic Protocol is an BEP20 token with a few key differences:
– It has a built-in yield mechanism that rewards holders with new tokens for every buy order placed on the protocol.
– It has a hard maximum supply of 100,000,000 tokens.
– It has a 4% initial circulating supply (4,000,000 $LRC).
Are you Wondering About how 0% Tax Works?
The LRC/USD token is taxed on the secondary market, whereas Luna red classic (Luna Red) is not. The passive yields in this case come from new purchase orders (which signify organic demand for the currency), rather than transfer taxes. You passively earn more tokens for each new buy order placed for $LRC. After each new purchase, your rewards are “delivered” into your wallet.
8)How About a Presale Offer
Luna Red Classic is introducing an offer whereby the Pre-sale ends on 31h July 2022 with the listing also happening on the same date.
The Listing Price for 1 Luna Red Classic token is available at 0.0001 BNB and you can still get a minimum purchase of 0.01 BNB for 400 Luna Red classic tokens and a Maximum purchase of 10 BNB for 400,000 Luna Red Classic tokens.
To learn more about the presale and airdrop, please visit our website here.
The protocol’s design parameters are focused on delivering superior yield to users while
What’s The Airdrop Schedule?
We are currently in the process of conducting an airdrop to holders of the $BNB and $LRC tokens. The airdrop will be conducted in two phases:
– Phase 1: Airdrop to $BNB holders (complete)
– Phase 2: Airdrop to $LRC holders (currently underway)
If you have any questions about the Luna Red Classic Protocol or the $LRC token, feel free to reach out to us on Telegram or Twitter.
What`s More!
The Luna Red Classic Protocol is based on a token with passive yield mechanics that do not stem from transfer taxes. Instead, the passive yields come from supply expansion from new buy orders (which represent organic demand for the token
Conclusion
The Luna Red Classic project is still in development. The team, on the other hand, has made significant progress thus far, and the future appears bright for the project. If you’re searching for a passive income token with a long-term model, Luna Red Classic might be worth considering.
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