Lunatics At It Again

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Who would have thought that LUNC is still alive and kicking after basically going to 0 a few months ago. I just don't get it as the only way the LUNC token value can be gained is by having burns. Staking opened up again the other day and this project is not something I have been paying much attention too. There could be some quick returns made if this mad bunch keep pushing their "ponzi" burning scheme.

I have to admit I haven't followed it as I am serious where I invest my money and time and this is more like the exact opposite. So many "investors" lost big the first time around and now they are trying to hype up the "new" LUNC. Re they trying to recover lost funds or are they seriously thinking this can rise from the ashes. Has anyone done the sums lol as a shed load has to be burned in order to even register $0.01 c.

I have an open mind however as nothing is impossible in Crypto as just look at Dodge and Shiba having value when there is literally nothing going for it besides a tweet here and there from Elon. Not something that you can rely on, but the tokens are still here defying any forms of logic.

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Back to LUNC however as it is not impossible to gain traction and hold some type of value as long as enough is burned.

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Lets call it 7 trillion tokens to make things easier and yes it is a big "if" whether they can keep this burn rate up as they need more help. The latest proposition is to have the exchanges burn 1.2% of all transactions fees with LUNC which is not huge but should add up. They are tempting exchanges to try and create value to the LUNC Token they already have. Binance mentioned they still have 15 million tokens (3 million LUNC) which was worth an insane $1.5 billion before the crash.

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Still sounds like a Ponzi scheme somehow with the burn element creating the value.

This is not financial advice, but $1 would get you just on 8000 LUNC and $125 would be 1 million LUNC. If LUNC rises to 1 c that would be a $10K pay day, but that is a big if, but and a big but will this happen if the exchanges agree to the 1.2c burn with their trade fees on LUNC.

I am in two minds on this as this is the total opposite of all my other investments. Also don't forget that the token supply is not fixed and new tokens are being minted constantly. The burn has to be greater then the minting and this is my main concern along with the entire concept. Only invest what you can afford to lose applies to all investments and more so with this one.

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Minting should be stopped and big burns needed in order to get back on track for Lunc.

I lost hope on lunc recently but you are also right that bin crypto anything is possible.

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there is excitement and hope in many! It won't last long. When everyone gives up in frustration, you will see pumping again and as usual after that, dumping

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IDK where they're going but I have like 31K LUNC tokens that I spent like $70 to buy. Now it is worth less than a dollar. The whale bots on twitter have been claiming LUNC is going to $1, and I love to hear shit like that, even though I know it is wishful thinking and almost impossible.

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I've still got some LUNA sitting in my one account that I was in the middle of unstaking when everything went to hell. I haven't even looked at it since it is pretty much worthless last I checked.

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Same as me and not going to get any more as there will be a massive dump when any value is reflected if it ever happens.

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yeah, I have pretty much totally written it off at this point.

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