July 20 update: 📌 When 3568/4095 implemented? In order for the implementation

Question

July 20 update: 📌 When 3568/4095 implemented? In order for the implementation

on mainnet, we need validator approval. When everything is tested out completely, that's the next step. If 2/3 of the validators adopt the code, on-chain burning will be implemented. We're hoping for late Q3/Q4 for this to happen. Keep in mind, though, the dates are subject to change if we need to give validators more time to prepare.

📌 But when?
We will post info about release timelines when v21 is ready for release to mainnet.

📌 Do we have enough validators?
Approx 40% have indicated they will take the new update. If they will actually take it remains to be seen. I don't really care too much about any single validator, they can easily be replaced considering how low their stake is relative to the total voting body, but afaik Orion is on board. We would need the top 22 validators, which is approx 66% of the voting power.

📌 Do Binance own >2 trillion coins?
As I have explained 10 times before, the Binance wallet is just the sum of all LUNC users. Binance is the biggest CEX in the world; it stands to reason they would have the biggest LUNC wallet.

📌 What if 1.2% turns out to be too high? Can you change the tax %?
The code is designed in a way that the % can be changed via a governance proposal.

📌 When can new validators be created?
60 days after validators upgrade to v21.

Credit @mx1210 + https://twitter.com/luncinfluencers/status/1549837256336281601