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Blockcast.cc, a leading blockchain media company will be hosting LunarFlare for an AMA “Ask Me Anything” session on 21 June 2022, 8.00 pm Singapore time on Telegram Channel, Asia Blockchain Community (https://t.me/Blockcastcommunity).
Lunar Flare is a premium Hyper-Deflationary token. Lunar Flares’ deflationary nature ensures that value is captured for holders every step of the way.
What is a burn?
A burn is a mechanic that reduces the overall supply in a token’s ecosystem.
When a token is burned it is removed from the overall supply,
In their project they burn 2 types of tokens. They burn LFG token and lp tokens. This improves the ratio of BNB (Native Token) to LFG (Lunar Flare) bettering the price. The backed value of burned tokens is captured into the existing supply.
This means each remaining token has a higher value.
What sets Lunar Flare apart?
1. Securing Holder Value – Lunar Flare burns Liquidity Tokens this locks the value from being withdrawn forever. For example, this prevents developers from “rug pulling” the tokens.
2. Optimizing Holder Value – Lunar Flare adds to the burn. The project matches burn on every buy and transfer giving real value back to holders. For example, every time you contribute to the burn the project contributes to the burn.
3. Placing Holder Value First – Lunar Flare doesn’t shy away from what it is. We are a project that aims to bring value to our community and holders. No gimmicks just return on value with a real opportunity to see growth.
What are their fees?
3% of each buy. 1% gets burned. 2% Fee. 10% of each sell. 8% gets burned. 2% Fee. 5% of each transfer. 3% gets burned. 2% Fee.
How often do we burn?
1% of the total lp supply controlled by the contract daily, triggered automatically on transfers. Burns can also be triggered manually!
How do they burn from the LP?
They use a function called unpairBakeAndBurn. The LFG/BNB pairing of the token is first broken apart. The BNB is then baked into the liquidity. Finally, the LFG half of the pairing is burned out of the total lp supply controlled by the contract. Since value is determined by the ratio of BNB to LFG tokens inside the Liquidity Pool, when they burn directly from the LP each token’s value increases. This is the magic of Burnamatics!
How do we Match the Burn?
1% of Buys with a 8% match from the contract. 3% of Transfers with a 3% match from the Contract.
The Asia Blockchain Community (ABC) is a community based run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months.
Find out more at https://www.lunarflaregroup.com/.
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