A Proposed Solution to Reach $1 for LUNC Involves Re-Denomination

A proposed solution to reach $1 for LUNC involves re-denomination, reducing the total supply by a factor of approximately 11,090.

A proposed solution to reach $1 for LUNC involves re-denomination, reducing the total supply by a factor of approximately 11,090.

*Current Stats:*

- Market Capitalization: $610,450,000

- Price: $0.00009

- Total Supply: 6,771,687,013,353

*Re-Denomination Calculations:*

- New Total Supply: 610,450,000 (=$610,450,000 / $1)

- Reduction Factor: 11,090

- Quantity to Remove: 6,161,237,013,353

*Resulting Re-Denominated LUNC Token:*

- New Total Supply: 610,450,000

- New Price: $1

*Concerns:*

1. Lack of community consultation for initial token minting.

2. Community bears the cost of re-pegging.

3. Allegations of mismanaged funds (BTC purchase).

*Community Reaction:*

The proposal has sparked debate among LUNC holders, with some supporting the re-denomination as a potential solution to achieve $1, while others express concerns about:

1. Token burn logistics.

2. Fair distribution of new supply.

3. Potential market manipulation.

*Next Steps:*

1. Community discussion and voting.

2. Development of re-denomination plan.

3. Implementation and monitoring.

Stay updated on LUNC developments and community discussions.

Would you like more information on LUNC or re-denomination processes?$LUNC

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