Over 12 million LUNC Burnt Since The LUNC 1.2% Tax Burn Proposal Went Live
A few hours following when the LUNC 1.2% tax burn Proposal went live, a total of 12 million+ LUNC tokens has been burnt as gotten from the data from LUNC validator StakeBin.
There is no doubt that the proposal can reduce the total supply of the LUNC tokens just as previously stated by some analysts.
Analysis Of the LUNC Burn
The Proposal went live today at almost 6:18 UTC after it has been longed-awaited. The proposal is expected to reduce the total supply of 6.9 trillion to a minimal amount of 10 billion.
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Per the analyst; Applying a 1.2% tax burn to the last week’s volume of 1.17 trillion, 14 billion LUNC can be burnt every week, 60 billio...