Have you calculated how many billions of LUNC can be burned in a month if all mainstream exchanges participate according to the whitelist concept?

After the 3.5 upgrade, more exchanges will join in the destruction of LUNC,

Currently, I know of at least 5 exchanges that will use 50% of the LUNC trading fees for destruction.

Why are so many exchanges destroying LUNC?

The transfer of LUNC is taxed at a rate of 0.5%. Transferring 100 million requires the destruction of 500,000 LUNC.

This 3.5 upgrade provides a whitelist, and addresses on the whitelist can be exempted from the 0.5% tax.

However, there is a condition: exchanges must use the LUNC trading fees for destruction.

So you will see many exchanges destroying LUNC. Yes, many, not just one.

You should know that LUNC's market capitalization is only 300 million. Most of the tokens in your hands have a market capitalization of over 30 billion.

Do you know what this means?

The narrative space is strong enough; every day, every hour, every minute, the total supply is decreasing in this deflationary public blockchain.

Figure 1, although it is an early announcement, the destruction has been ongoing, and Figure 2 can serve as mutual evidence.

Figure 2 is the LUNC destruction leaderboard, where you can find many exchanges you recognize, all destroying LUNC, as well as some overseas exchanges you may not have heard of, also destroying LUNC.

Check destruction information $LUNC