lot of it is held by investors
Binance lunc volume around 6 trillion
exactly, if everyone just holds and nothing, no one burns
if price goes up people are gonna sell. people with 100 mill + aren't going to wait till $1. People will few million or less might wait for $1. lol
yeah, exactly my point, if people hold then it wont burn, it does not burn by simply doing nothing
If daily exchange in lunc volum is 1 trylion Lunc so then 1.2% of this amount is over 10 bilions lunc. This amount is result of tax from each operation (buy,sell) and this amount will be burn dayli. So in this example lets make it easy 10 bilions × 365 (days in a year) = over 3 trylions tokens burned in a year Of course burned amount will depend of volume of transaction. More transaction = more burned Lunc.
Buddy....you're speaking dollars and confusing it with tokens. 1 dollar is many more than 1 token.
No, Im speaking in lunc not dolars
It's 6.9 tr token not dollars he was right of what he said
Ohh ok. Good maths. Carry on
I already said that many time already and plus of this each wallet need to burn 1.2 manually if we do it it will be better and faster exchange need to do the tax on buy and sell and holders must burn 1.2% each wallet manually or automatically by terra but they don't want lunc to be saved by burn cause v2 and v3 coming soon
Bro the one need burn ok 6.9
If you burn 1.2% of each wallet you will only burn 1.2% of over 6 trylions which is nothing. We need to burn over 95% of it.
Bro this about wallet hold lunc and about exchange they do it by tax and you can do stake burn mean each wallet stake burn every day 50% receive 50% that will be faster
Good point. We well see maybe they will do it.
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