Quote from: rugrats on Today at 04:47:15 PM

Quote from: D ltr on Today at 04:07:28 PM

Quote from: Robert518 on May 19, 2022, 11:41:05 AM

BURN is, in my opinion, the best proposal for LUNA. What are your thoughts on it? What will happen next, and which proposal will be approved?

Burn is not always good, the case with Luna if you want to burn I think it's too late and will only harm the coin holder, I think, Luna shouldn't have to increase the supply if she wants to save LUNA before,
whatever was on Kwon's mind at that time

The increased supply was initially to save the UST, but after failing to save the UST, the total supply of luna also skyrocketed to several trillion tokens causing the luna price to drop freely to near 0. There won't be any more luna burning events as terra team announced that they will create a new luna instance and old luna token holders will airdrop with new tokens at rate which they have previously announced.
Major exchanges have also announced support for this conversion to help investors regain some of the money they lost when holding old Luna.

Coin burning is done to reduce supply in the market, of course, with reduced supply, the price will increase, but something else is happening with LUNA, Luna is currently experiencing a decline of almost 100% and I think it's all pointless doing it , because over time terra luna will disappear from crypto,