I know that many people will agree with me that the modern world is full of resources, tools, technologies, and other high-tech elements. Each of which either brings something useful to our life, or on the contrary, takes it away from it. This is a very complex and multifaceted issue that haunts many of us. After all, in most cases, we understand that we are just a small part of one large mechanism, the management tools of which, unfortunately, are not concentrated in our hands. I know it sounds very confusing, but that's life. Which we have to either put up with or try to change something.
These are the kinds of changes I want to talk to you about today. After all, as far as we all know, one of the powerful tools in our lives is money. With them, you can buy absolutely any product you need, buy your dream home, give cars to your parents, go on a trip and do not deny yourself anything. This is partly true, but not everyone notices the downside of the same coin, namely the gradual depreciation of the same money.
Problems
I think you are all painfully familiar with the word inflation, which year after year devours the actual value of all Fiat coins. Unfortunately, this process has been present in our history since the very first money appeared. At the same time, of all the 775 Fiat coins that exist in history, about 600 of them have gone to zero. That is, they ceased to carry any value and turned into so-called wrappers.
Yes, what is there to dissemble, the US dollar alone has lost its purchasing power almost 25 times over the past hundred years. If earlier you could afford to live for a dollar for a couple of days. Right now, you don't even have a dollar to buy a large Cup of coffee and any cookies at Starbucks. And what is most offensive, this trend is rapidly going to zero, that is, complete depreciation.
To solve this problem, cryptocurrencies that have recently appeared, which have a limited issue and are decentralized, that is, do not belong to any economy in the world, are trying to solve this problem. Which makes them essentially a self-driving machine. Which only in the last ten years has demonstrated its growth in twelve and a half thousand times. And continues to increase it. However, despite all this dynamics of development, many people are still afraid of excessive volatility of cryptocurrency coins, which can go up sharply or fall down overnight.
Analyzing this flow of knowledge and information, the team of specialists came to a consensus that this situation needs to be changed, and they have their own solutions for this. Which I want to tell you about in more detail today.
Solution and its features
LunaLand
LunaLand.io is clearly a cryptocurrency project that has a peer to peer digital currency with a value store and also a finite supply. LunaLans aims to consolidate on the successful imprint already put in place by existing cryptocurrencies. The native token of LunaLand is $LLN which has a stored value which can be used to carry out transactions. The unique thing about LLN coin is that its supply continues to decrease as time goes on. $LLN is a BEP20 coin found on the Binance Smart Chain. It has a burn function with no form of minting. The initial supply is 1 Trillion LLN token but there is a target supply of 400 Million LLN. LunaLand Token, LLN, integrates a hyper deflationary token model. It is expected that this model will help to drive up the price of the token with increasing demand.
LunaLand Token Burn
One of the stand out feature of LunaLand Token, LLN is that its supply is finite. There will be a burning cycle and it is expected that 99.96% of the tokens are burnt. The burning process is manual and will be carried out by the team. The burning cycles will be done weekly, which means that for every week, an increasing amount of coins is burnt. As adoption of the coin increases with a resultant increase in supply, a random burn is carried out to reduce the number of coins. Also, as the number of coin holders increases, so also is the number of coin that will be burnt. That is, for every increase in holders, there is a resultant increase in burning which means that out of the 100%, about 90% is burned and the remaining 10% I redistributed to holders. Holders of the $LLN token and the community in general will be kept abreast as regards the burning cycles.
LunaLand Community
LunaLand is a community oriented project, that is a project that prioritizes the interests of its growing community. A lot of incentives have been initiated to reward early birds and those who adopt the project from the onset. Once you are an early investor, you get the chunk of these rewards. Also, there will be regular airdrop to reward holders of the token. Another mechanism put in place to reward the community is "Easter Eggs" a scheme designed to reward holders of LLN.More details about it will be made known as the project develops. Easter eggs is like an umbrella Name for the numerous reward initiatives by LunaLand.
Conclusion
I am sure that you, like me, are extremely interested in LunaLand, with all its future developments. Especially now, when the instability of the world's economies leads us to despair, and the cryptocurrency market is still struggling with its volatility.
But as you can see, the LunaLand team has its own solutions. Moreover, the technical document of the project describes each of them in more detail. The link to which I will leave in the description of this article.
At the end of my review, I would like to wish the developer's success on their intended path, as well as the implementation of all their plans. And that's all I got. I was glad to share with you a unique solution to the above problems. I hope that my article was useful and fascinating for you. If this is the case, then put a like and write your comments under this article.
Official LunaLand resources:
WEBSITE: https://www.lunaland.io/
ANN THREAD: https://bitcointalk.org/index.php?topic=5346079.0
TWITTER: http://twitter.com/IoLunaland
TELEGRAM: https://t.me/lunalandio
DISCORD: https://discord.gg/RGM769PB
REDDIT: https://www.reddit.com/r/Lunaland/
YOUTUBE: https://www.youtube.com/channel/UCPfFZksXwohPMzE7OyZiKRg
INSTAGRAM: http://instagram.com/lunaland.io
Author
Forum Username: joetex
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2743873
BSC Wallet Address: 0xbCC05CCd4c0c03fD16CF5B4b7fb70688533D0008