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A block height of 9,475,200 was reached on September 21 as a result of the 1.2% tax burn implemented by LUNC. When this article was written, the cost of LUNC was 0.00030069, an increase of about 5.77% from the cost on the day of adoption. Some LUNC backers think the price of the currency might eventually reach $1 if more centralized exchanges adopt the tax burn method. But for now, the cost is 332468 percent away from one dollar. It seems that the price hike by LUNC won't happen right away.
Total LUNC Supply (Weekly) from StakeBin
6.5 times more effectively than the week of September 15, StakeBin burn tracking reveals that the first week of tax burn implementation reduced the total supply of LUNC by about 1.56 billion. If LUNC burns 400,000,000 every day, it will take around 6.85 years to exhaust the first trillion from supply. On the other hand, the burning period for the first trillion transactions will be proportionately shortened if off-chain transaction burn is supported or if the volume of transactions rises.
A block height of 9,475,200 was reached on September 21 as a result of the 1.2% tax burn implemented by LUNC. When this article was written, the cost of LUNC was 0.00030069, an increase of about 5.77% from the cost on the day of adoption. Some LUNC backers think the price of the currency might eventually reach $1 if more centralized exchanges adopt the tax burn method. But for now, the cost is 332468 percent away from one dollar. It seems that the price hike by LUNC won't happen right away.
Total LUNC Supply (Weekly) from StakeBin
6.5 times more effectively than the week of September 15, StakeBin burn tracking reveals that the first week of tax burn implementation reduced the total supply of LUNC by about 1.56 billion. If LUNC burns 400,000,000 every day, it will take around 6.85 years to exhaust the first trillion from supply. On the other hand, the burning period for the first trillion transactions will be proportionately shortened if off-chain transaction burn is supported or if the volume of transactions rises.
