LUNC Volume On-chain Increases Following The Reduction Of The Tax Burn Parameter: Detail
It seems the reduction of the tax burn parameter is working as expected as the LUNC trading volume spike as noted in a recent tweet shared by Classy crypto.
Recall that the reason for the reduction of the tax burn parameter from 1.2% to 0.2% was that the former resulted in a decline in the trading volume.
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LUNC Trading Volume Spikes By 2X
https://twitter.com/ClassyCrypto_/status/1583168137209712640
Per Duncan Day, the author of the proposal; “Gentle reminder that we need to measure this 7-days post-tax to give a reasonable assumption that it has increased volume on-chain,” Day wrote. “Given that I found 7-days enough to determine burn tax efficacy, it is only fair to give the same objective viewpoin...