The institution's washout is too severe; something has happened, and it has washed out 50 times the divine currency.
A 20-fold increase still only amounts to a market value of 6 billion USD.
Is it that 99.9% decentralization is not worth 6 billion USD?
Is it that every day, every hour, deflationary public chains are not worth 6 billion USD?
Is it that Binance's 50% transaction fee burn on the 1st of every month is not worth 6 billion USD? On June 1st, 4.98 million coins were burned yesterday.
You read that right, 99.9% decentralization, deflationary public chains, and the world's largest exchange's 50% transaction fee burn only amount to a market value of 300 million USD.
These buffs, stacked together, should at least start from 10 billion USD, 50 times the starting point.
99.9% decentralization, 99.9% of the tokens minted by retail investors worldwide, 0.1% inherited from Luna, and BTC being 100% miner-minted. Just like BTC, there is no project team, no foundation, no founder; in 2013, Bitcoin's market value was also 300 million USD, after which it saw a ten-thousand-fold increase.
A 0.5% transaction tax on every transaction not only ensures that ordinary users have low transfer fees, but also imposes heavy taxes on institutions and whales. These transaction taxes will be used for burns, and only a small amount of whale trading is needed to achieve deflation. Not every public chain can achieve deflation; heavy taxes are the foundation of deflation. Transferring 10 billion requires burning 50 million.
Binance Exchange burns LUNC on the 1st of every month, which can be searched through the Binance News official account to check LUNC. Although not every month has burn information published, the burn on the 1st of every month is indeed genuine. Yesterday, 4.98 million coins were burned, and this can be verified through blockchain websites. #币安Alpha上新
LUNC is the original chain of algorithmic stablecoins; it is a pioneer, and its significance is no less than that of Bitcoin as the pioneer of blockchain or Ethereum as the pioneer of smart contracts.
If algorithmic stablecoins restart, their market value will return to the original high point of 60 billion USD, with a 200-fold increase.
Even without restarting algorithmic stablecoins, deflationary public chains, 99.9% decentralization, and support from Binance are enough to support a potential return of 50 times.
LUNC is only 300 million; which of the tokens in your hand is not worth hundreds of billions or even trillions? Can they achieve deflation? Can they achieve decentralization? Can they have a 50% transaction fee burn from an exchange?
If I wanted to earn 2 times or 3 times, I would just buy $ETH or buy $SOL , but what I want is 100 million.