LUNC 1.2% burn per transaction = is this true or lies?

[virasisog]

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation. They have a very high supply and it will be hard for them to burn it in every transaction as what they said. Their reputation has been ruined and it will be hard for them to recover again and no matter how hard they try to regain the trust of their investors through this kind of update, it can't make their coin pump.

[livingfree]

Do you have an idea how much supply LUNC has? Even if it burns a supply per transaction, it will still move that much because its volume is not even going up anymore.

was wondering also how much burning they need before this comes to effect the value movement of this coin?

It will go for a long way before it goes back to its former but I don't see it happening. Well, if it does, then congratulations to its believers.

The price that it has got is no longer moving up and that's why whether you're optimistic about this project, you should accept it earlier that this project is going nowhere.

What i think here is that OP is holding  tons of this coin so he is eager to bump the project and at least gather some investors to add flavor for the coin?

I'm sure that he's not just the one who's holding a lot of it. There go those investors that have bought it when it's on the top and not yet having any issues.

They were comfortable at that time and that's why they've bought a lot of it until the debacle starts.

You'll at least have that acceptance as early as you can before actually getting hurt with that hope of yours.

he adopted this As early as he is , so now he is looking for the upward in which not coming near .

Sad to say, that all of us think the same that there's no more hope for this coin.

[Ararbermas]

Even though they created a good burning mechanism for lunc still the people remember what it did to massive community money and will not just regain it trust to the public easily.

yhup that would be the problem even they created a good mechanism for their project to recover, where in despite if the community is very skeptical to trust again there's no way they will succeed. Imagine how luna plunges as well and almost the entire holder lost massive money from it and now they are very worried and scared to be part again on the project. So surely LUNC will not regain trust easily even this is very promising idea.

[bittick]

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

[South Park]

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

And you do not get to become someone with that much money while throwing your money at the dumpster fire that is Terra luna or any other similar project, the people that bought the coin for 100 dollars or more must accept the reality of the situation in which they are in, they have lost their money and there is nothing they or anyone else can do to change this, so what they can do about this? Learn from this experience, so something like this never happens to them ever again.

[AmoreJaz]

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

And you do not get to become someone with that much money while throwing your money at the dumpster fire that is Terra luna or any other similar project, the people that bought the coin for 100 dollars or more must accept the reality of the situation in which they are in, they have lost their money and there is nothing they or anyone else can do to change this, so what they can do about this? Learn from this experience, so something like this never happens to them ever again.

much better if they can allot their money to other valuable projects. but this luna team, i believe, they are just doing all these attractive features to gain the trust of their naive buyers again. but i don't think this will last. they are just buying time here and maybe pull another stunt. in my opinion, don't trust these people with your hard-earned money, better go for other solid projects.

[Ayers]

No matter how Luna tries to cover up their mess through burning mechanism, it will still not change the situation.

Do kwon must take bullions of loan to pump its old coin to the 100 hundred dollars for each coin. I don't know why people are still even thinking burn mechanism was working with it. How many people with trillions of money wanna pump this shit scam token?
I rarely seen people have bunch of money like that except those richest people in the world.

And you do not get to become someone with that much money while throwing your money at the dumpster fire that is Terra luna or any other similar project, the people that bought the coin for 100 dollars or more must accept the reality of the situation in which they are in, they have lost their money and there is nothing they or anyone else can do to change this, so what they can do about this? Learn from this experience, so something like this never happens to them ever again.

much better if they can allot their money to other valuable projects. but this luna team, i believe, they are just doing all these attractive features to gain the trust of their naive buyers again. but i don't think this will last. they are just buying time here and maybe pull another stunt. in my opinion, don't trust these people with your hard-earned money, better go for other solid projects.

it's sad that people still believe in dokwon and his team
he stole everyone's money and set up a drama to cover his sins, somehow people still believe in a guy who took all their money, pushed them to the edge of the abyss

whatever his team is doing, i'm sure there's no way to recover luna, unless he spends billions of dollars to save i,t but if you were him, would you be willing to spend your money to save others?

[andresteves]

So basically word of advice is to not touch it, ever! Still don't know why LUNA 2.0 is getting so much attention after the LUNC fiasco.

[Mame89]

with tantalizing advertisements for token burning. I'd better put my money in BNB, ETH, BTC which is certain there will be good growth in the years to come, although not for now. i don't want investors to fall victim to a second time from luna whatever they offer my advice, but that's the right of each. 2540$ was lost in a few days my money in the form of Luna coins

[fuguebtc]

with tantalizing advertisements for token burning. I'd better put my money in BNB, ETH, BTC which is certain there will be good growth in the years to come, although not for now. i don't want investors to fall victim to a second time from luna whatever they offer my advice, but that's the right of each. 2540$ was lost in a few days my money in the form of Luna coins

If you've lost money with Luna before, it's best to stay away from what's left of it. If you want to recover those losses, you should put all the rest in bitcoin and ethereum from now on, they will help you recover in the coming years as the market enters the next bull cycle.
There is no point in continuing to pour money into Lunac with a slim chance of only having a 1% chance of success, not even 1 percentage win in my mind.

[el kaka22]

As long as the name is Luna, you should stay away from it. I really do not know if they burn or not each transaction, but they can burn 1.2% of total supply and I wouldn't care. They screwed up and they can't fix this anymore, it is not going to happen. Just focus on what you can do, and ignore the fact that Luna ever existed.

If you keep on hoping that one day it will get better again, then you are going to end up with a loss all over again. This is why it is dangerous to put any money into it, since it "may" look like it is good for just a while, but then it will end up not being that good at all eventually when the day comes and you will be sorry about it.

[Mame89]

with tantalizing advertisements for token burning. I'd better put my money in BNB, ETH, BTC which is certain there will be good growth in the years to come, although not for now. i don't want investors to fall victim to a second time from luna whatever they offer my advice, but that's the right of each. 2540$ was lost in a few days my money in the form of Luna coins

If you've lost money with Luna before, it's best to stay away from what's left of it. If you want to recover those losses, you should put all the rest in bitcoin and ethereum from now on, they will help you recover in the coming years as the market enters the next bull cycle.
There is no point in continuing to pour money into Lunac with a slim chance of only having a 1% chance of success, not even 1 percentage win in my mind.

right, it would be nice no longer to expect anymore about the Luna coin to recover again. but I still haven't received the incident of losing my big asset, but how else can this be the way it is. for now I have not done to buy coins in the future bull. I have planned bitcoin and ethereum for long term investment to recover my lost assets from Luna.

[sana54210]

So basically word of advice is to not touch it, ever! Still don't know why LUNA 2.0 is getting so much attention after the LUNC fiasco.

People are so dumb, they never learn from what they have seen before. So many people are also getting triggered by some scalpers if luna will be going to the moon again. I didn't even know what they were thinking about that. I was getting surprised to see that if luna 2.0 was also getting so many attention. it will never recover what already gone. LUNC is a big fail in the crypto history. people are only betting on it. I will not call those people are investors but they are gambling with scam coin.

Unfortunately, that is the reality we are living in right now. People are not smart enough to realize that they were fooled once, and they could be fooled again. I actually saw people getting scammed by the scammer who told them they can retrieve their money from another scammer, so not only they got scammed but they got scammed from the same topic twice. So, if you see that, you lose all hope that people would start investing properly and smartly.

I prefer that it would be quite good and long researched project before I invest into anything and shouldn't have a literal "crashed and lost billions to people" hanging over its head before I invest it.

[Tomohisa]

So basically word of advice is to not touch it, ever! Still don't know why LUNA 2.0 is getting so much attention after the LUNC fiasco.

People are so dumb, they never learn from what they have seen before. So many people are also getting triggered by some scalpers if luna will be going to the moon again. I didn't even know what they were thinking about that. I was getting surprised to see that if luna 2.0 was also getting so many attention. it will never recover what already gone. LUNC is a big fail in the crypto history. people are only betting on it. I will not call those people are investors but they are gambling with scam coin.

Both LUNC and LUNA are the dead horse that is now being led by the pump&dump group. I doubt any sensible investors still look out for this coin, just newbies here. Maybe till the Terra Luna team got to jail for the UST peg bullshit that nails a final coffin to this coin so everyone can finally move on from it.

[Johnyz]

When the coins have been indicated to be detrimental to investors and try to rise, of course it is a difficult thing, I don't say this is impossible but I'm sure no one will have been patient to wait until it returns to the initial position, if Luna's price can reach 10% before the dump then then I'm sure all investors will sell it.

LUNA might not be able to get back to the top again, don’t get hype with this burning system because again they didn’t make any commitment to repay the losses of big investors, instead they took another path by creating a new token which is not a good solution at all. I think the trust of the public to this project is already over, and I’d rather buy more good coins than to this.

[Kopetunto]

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

[South Park]

it's sad that people still believe in dokwon and his team
he stole everyone's money and set up a drama to cover his sins, somehow people still believe in a guy who took all their money, pushed them to the edge of the abyss

whatever his team is doing, i'm sure there's no way to recover luna, unless he spends billions of dollars to save i,t but if you were him, would you be willing to spend your money to save others?

They are being delusional, they do not want to accept the reality of the situation, they are desperate because they bought at a very high price and they have lost everything, but why do they still believe in Kwon? Because he gives them hope, even if it is false hope, after all people like us tell to them there is nothing to do and that they should accept their losses and move on, while Kwon tells them there is still a way out, so when we think about it makes sense they prefer to believe him instead of believing what we say.

[goaldigger]

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

This can still be subject for manipulations especially if whales started to hype this one again, so be very careful. With the current market situation, I also don’t like putting money here because they already lose the trust of the public and that burning system is not enough to pump this project again. The worst about this is that, the same problem can happen again because the team didn’t make any big adjustments, so if you are still holding and hoping for LUNC to rise again, that’s the risk you should understand.

[bitkanu]

even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

Lol are you sure about listing? this will not even helping to give a small pump and it already listed in so many exchange sites as well. There was no good plan anymore. This time regulators are looking for explanation from the developers caused by that. They must be jailed.
They have become harsh with their investors and they must responsible with thing that already happened with luna. this is also affecting trust for crypto

[Minecache]

Never mind, don't follow about LUNA anymore, my advice,
because projects that have lost the trust of investors will never again become good projects,
even though they reportedly have good plans such as burning or listing. so it's better not to buy to invest.

The loss that Luna caused is so terrible, I know many people still can't believe it's real but we need to get over it and start over. Yes, no matter how well they plan, once investor confidence is gone, there is no way to restore it. Forget Luna, everything is in the past, luna is not the only potential coin of the market and we have hundreds of potential coins on the market, opportunities still abound.