ITS OVER NAY SAYERS

LUNC TO THE LITERAL MOON

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who will implement the change?

burning transaction fees on a ghostchain won't do shit

Doesnt that Gook still own a huge supply and vote down every proposal that could fix it?

>35% burn
Literally a nothingburger when you still get left with trillions circulating

Pretty sure it was more than 35%, was getting burned down to 10 billion

It wasn't a 35% burn wtf
The proposal said 1.x% or something until 10 billion was reached.

It was 1.2% and that proposal already passed. I think the OP headline is for something else.

These proposals don't matter though if it's not actually turned and implemented

Continued .
It won't matter anyway because Do Kwon won't add these in and won't add burns

Do Kwon said he won't implement burn unless KR government stops investigating.

need proof that do kwon said that he said that he said

The 1.2% tax was approved by the validators so I don’t think DK can overrule it. We will have to wait and see.

DK definitely can and probably will, he controls and ultimately allows everything that happens and the burn would pump the price.
Do Kwon doesn't want the price pumped right now for a reason.

We’ll see. I think he has bigger things to concern himself with than openly defying his validators.

>transaction burn at 1.2%
>transaction fee burn at 50%
>transaction fees are between 0.1-1% of transaction
>1.25-1.7% burn per transaction
>24hr volume was 1.6tn
>20-27.2bn burnt coins a day at the current rate
>at minimum (providing current volume) 2tn tokens are burnt in 100 days
>at maximum (providing current volume) 2.7tn tokens are burnt in 100 days
>~1 year to burn down to 10bn
>current market cap of $500m
>with 10bn coins in circulation (and with the market cap not rising or falling) the price should be $0.05
It isn't too bad, $50 in now for 1m coins should bring back 50k, and that's without the fomo priced in which should rocket it back to $1-5

>this level of fud

you're right I just don't see Do Kwon doing a burn at all

It's bigger than him now, and legally he is quite fucked. Any further manipulation is only going to add to the heavy case file against him.

He's legally bound to add it. If he doesn't its jailtime in little korea

>legally he is quite fucked
Oh man, people still unironically believe this

priced in.

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Why do you think he’s walking? He’s got the SK feds on him plus multiple civil suits incoming. It hasn’t even been a month.

Here’s the big kickers guys…. How was it 100+ with trillion circulating in the first place????

Hes either going to get a slap on the wrist, or walk free after the "investigation" ends up as bread and circus to appease the angry peasants.

Either way, don't hold your breathe on anything happening to him.

Unregulated market on a speculative asset.
He wouldn't have done this in first place if he knew he could t get away with it. You people are starting to sound like the "Lock her up" boomers who thought Hillary Clinton would get arrested

Di you think this is the first coin with a burn mechanism? Do you retards think burn just automatically makes the price go up?

>(You)

No other burn coin has as much volume as Luna classic

niggers tongue my anus and my bags

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