Luna Classic FAQ – Updated 7-17-22 A quick word about this

FAQ. This information is compiled for the convenience of the Luna Classic Community members and is based on information currently available to us. It is a LIVING DOCUMENT that will change frequently. This is NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH AND FORM YOUR OWN OPINIONS. Please bring any new information to our attention and we will do our best to verify the information and update the FAQ to keep it current.

1. Which exchanges/companies have implemented the 1.2% Tax Burn? CoinInn is the only exchange we are currently aware of. MetaGloria NFT and LUNCDAO are doing small burns and some individuals are doing small burns as well. There have been reports from people who watch the Binance wallets closely that they have been doing test burns but there is no way to confirm this.

2. Which exchanges do we need to reach out to and encourage to implement the 1.2%? Binance. KuCoin. Coinbase. Kraken. Gemini. Crypto.com. Those are the big players who appear to be financially stable and capable of helping. Once we are burning ON CHAIN we will politely reach out to these exchanges for participation in the burn. Please DO NOT SPAM TWEET these exchanges or SPAM THEM ON ANY SOCIAL MEDIA. We must do our part first and that part is the ON CHAIN burn.

3. Should we Boycott exchanges or projects that aren’t supporting us and LUNC and should we message them or DM them on Twitter/Social Media? Please don’t do any of the above. CZ and Binance are fully aware of who we are and what we’re doing. We won’t accomplish anything through harassment or a negative/hate campaign.

4. Should we message CZ/Binance or the other leaders at the different Crypto firms/exchanges and ask/beg/threaten them to implement the 1.2% Burn? In a simple word repeated multiple times…NO…NO…NO. Just don’t do it. Everyone around the world in Crypto is aware of what happened to LUNC and USTC. Harassing them will do us NO GOOD and it might harm our chances for a successful and profitable recovery. We must do our part FIRST, which we are doing. When they see that this coin can be community led in a proper way, our hope is all the big players will jump on board with us.

5. What other VALID projects/coins/tokens are implementing any sort of a burn? See #1 above. As the list gets longer and we can validate that they projects are real, we will update the FAQ with their info.

6. What NEW projects are being set up on Luna Classic network? There are several TBA but right now the focus is on completing the code to properly burn LUNC.

7. When will the 1.2% burn be activated ON CHAIN. Roughly middle of August but hopefully sooner. Testing is underway on TestNet and going well but any bugs or glitches need to be identified and fixed and the only way to do that is through testing over time. The burn is the first domino that needs to fall, and the code must be PERFECT for everything to work as planned. Trust me, once the burn is implemented on the MainNet, it will be MAJOR NEWS so watch for it.


8. When will Binance implement the 1.2% burn that was voted on by the community? We do not know. CZ stated very clearly in a Tweet that the burn needed to be implemented ON CHAIN first. On 7-13-2022 he repeated this same Tweet multiple times in response to multiple requests to just go ahead and implement the burn. Vegas and the TerraRebels are actively working on this. Once it is up and running flawlessly ON CHAIN, we will reach out to CZ @ Binance but his message is clear. He wants to see successful sustained burns ON CHAIN first. And again, PLEASE DO NOT SPAM CZ or Binance.

9. Aside from @StarShip is anyone else accepting LUNC as currency and then burning? TBA. If you know of a verified and trusted source for others who are doing this, please let us know and we will update the FAQ.

LUNA already destroyed me financially. Now again terra lunc wants to scam people by spreadimg false burning news. Really I am frustrated. I am going to loose my faith in any CRYPTO. This disgusting.

Invest with stoploss bro

Fuck lunc

You destroyed yourself financially*

I bought luna at $90 and the team scam with me

Hello

I was affected too, but i assume that if my money was there it was because I decided to put it in, no one forced me, i was wrong.

You are the WORST FOOL i have ever seen, what are you actually Doing here?We don't need people like you here