AN EMPIRICAL REVIEW OF LUNALAND PROJECT
INTRODUCTION
Decentralized Finance popularly known as DeFi is one of the major triggers of the cryptocurrency renaissance in recent times. Decentralized Finance is a term that encapsulates financial services that are initiated on the blockchain technology. Due to its decentralized nature, these financial services do not have any form of intermediaries. DeFi has most of the elements of the conventional financial system but in its case, rather than have a central authority, what we have is a smart contract. For DeFi, there is the need for a decentralized platform for it to be fully functional. At the onset, most DeFi protocols were found on the ethereum blockchain but of recent, we’ve seen a lot of migration to other emerging blockchains with better functionalities such as scalability, interoperability and even speed. DeFi’s objective is to remove all form of intermediaries or middlemen thus giving users an absolute form of control. There are no central authorities or regulatory bodies as most protocols are carried out by a smart contract which will help to eradicate all forms of shady deals.
WHAT ARE DEFLATIONARY TOKENS?
For any token to have any kind of value for use or traded, then there has to be a form of incentive for using or holding such token. It is such incentive that will drive demand for the token which will then determine its price. Deflationary tokens are those whose increase in demand does not mean increase in supply. In other words, supply does not increase even as demand increases. There is a limited supply of token which means inflation is eliminated. The limited supply naturally creates an increased demand. Bitcoin is a good example of a deflationary token. Unlike traditional Finance, for deflationary cryptocurrencies, the aim is to reduce the number of tokens in circulation and this is done through a process called "burning" which will lead to an increase in the valuation of such token. From an economic point of view, there is surging interest in deflationary tokens. Lunaland.io has keyed into this opportunity in creating a token that drives return on investment. Lunaland has integrated the deflationary token model.
ABOUT LUNALAND
To start with, it is imperative to know what Lunaland is, its objectives and vision which will be thoroughly examined within this article. Lunaland.io is a fast growing peer to peer cryptocurrency platform that seeks to counter inflation and endless money printing that is now the order of the day. It is a direct contrariety to fiat currencies with boundless supply capacity. Lunaland token has a limited supply and it is also employing a deflationary (hyper) Token model with a burning feature which is expected to burn a vast volume of the initial supply prior to when a target supply of 400,000,000 token is achieved. The initial supply of the token will be fixed at 1 Trillion token where it is expected that 99.96% of this supply is burnt in different phases. The burning stages will be carried out regularly till the target of 400,000,000 is reached.
LunaLand is a decentralized Finance protocol and the aim is to establish a olatform that will overcome the challenges commonly associated with centralised projects such as market risks and executional challenges. Lunaland is not tied or affiliated to any centralised platform and the prosperity of the platform is dependent on the level of adoption by users and Lunaland community.
Moreso, the worth of Lunaland token, LLN cannot be influenced directly by another platform rather that the users. It is no longer news that a lot of cryptocurrencies today do not have real life applications and that is why most of them fade off within a short period of time. But for LunaLand, this is not the case, the plan is long term and also to ensure sustainability, the team is building real life applications with use cases so as to increase the value of LLN. In other words, LLN wouldn’t be just another coin but one with a real life use case or adoption and at the same time a medium of transactions/exchanges.
FEATURES
There are some unique features which makes LunaLand to stand out. Some of these features are discussed below:
➡️ Token Burn Function
There will be regular burning of tokens so as to reduce the supply from 1 Trillion to 400 million. The burning will be carried out in different phases to drive up demand of the token.
➡️ Finite Supply
The supply is deflationary and finite,hence there is no mint function nor are there plans to introduce any.
➡️ Supply Target
The final target set for supply is 400,000,000 (which is the distance of the rear the to the moon). Burning will be carried out till this target is met.
➡️ Holder’s Reward
There is no tax imposed on trading and this is to promote liquidity. Holders are usually rewarded. Buyers/sellers are not penalised in any way through taxation.
So far, one of the unique feature of LLN is its fixed hyper deflationary supply. Also, the community will also be carried along and communicated with whenever there is a burn and they can also track it via the website: LunaLand.io
TOKEN INFORMATION
Token Name: LunaLand
Token Symbol: LLN
Decimals: 18
Network: Binance Smart Chain (BEP20)
Initial Supply: 1 Trillion
Target Supply: 400,000,000
PRE SALE
LunaLand presale is currently live and the price of LLN is put at $0.005. You can join the presale here Lunaland.io This may be your last chance to get the token at such cheap price. The burning feature alone is a confidence booster that the price will go higher so this is an easy high return on investment. The presale will run from 28th June to 20th July, 2021. The soft cap has been pegged at 1,000,000 LLN while the hardcap is 200,000,000 LLN.
CONCLUSION
LunaLand has within a short period proven itself to be a sustainable project with long term plans. Some of its unique features such as hyper deflationary supply, burning function, holders reward, lack of taxation, among others has made it to stand out among its contemporaries. From what I have seen so far, the team are quite serious in ensuring that LLN isn’t just a crypto token but one with a real life applications. So far,the roadmap is spot on and looks a serious project worth keeping an eye on. The presale is ongoing and it is a chance to take advantage to fill your bags with LLN tokens, always DYOR!
FOR MORE INFORMATION
Website:
LunaLand.io
Twitter:
https://twitter.com/IoLunaland
Discord:
https://discord.gg/ksbJ7y93
Reddit:
https://www.reddit.com/r/Lunaland/
Instagram:
https://www.instagram.com/lunaland.io/
YouTube:
https://tinyurl.com/rda5bmwm
AUTHOR DETAILS
Bitcointalk Username: Brahim Diaz
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