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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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The latest data shows that the LUNC (Luna Classic) ecosystem achieved a significant token burn again yesterday, with a total reduction of approximately 470 million tokens. This achievement fully reflects the importance and effectiveness of the 0.5% transaction tax mechanism.
In the LUNC network, whether large institutions, whale investors, or ordinary retail investors, all need to follow the same rules. For example, transferring 100 billion LUNC will result in 500 million tokens being destroyed, and this mechanism ensures the fairness and sustainability of the network.
The characteristic of the LUNC public chain makes it stand out in the cryptocurrency field. It not only enables daily deflation but also provides a fairer trading environment for all participants. Compared to many other blockchains, the fee structure of LUNC is more reasonable. On certain chains, whether transferring 100 million dollars or 10 dollars, the transaction fee might be a fixed 1 dollar. However, in the LUNC network, fees are calculated proportionally, with larger transfers requiring higher fees and smaller transfers being relatively cheaper.
Specifically, transferring 100 million tokens on the LUNC chain requires a fee of about 500,000, while transferring tokens equivalent to 10 dollars only requires a fee of 0.05 dollars. This fee structure is not only fairer but also helps prevent network abuse and protect the interests of small users.
It is worth noting that the LUNC community has been actively promoting the token burn program. According to the existing mechanism, 50% of all transaction fees are directly burned, which further strengthens LUNC's deflationary attribute. Although some related news may stem from 2023, this burn mechanism is still in operation, continuously reducing the total supply of LUNC.
The unique designs of LUNC have brought continuous community support and attention. Over time, this deflationary model may have a positive impact on the value of LUNC. However, investors should still act cautiously and fully understand the associated risks before making any decisions.