

Can LUNC Burn Schemes Revive the Coin’s Value After Terra’s Collapse?



Members of the LUNC community are holding on, in hopes that burning schemes by a variety of platforms will restore the coin's value over time.
Saving LUNC by Burning LUNC
After the infamous collapse of the Terra Ecosystem which led to its LUNA coin's massive inflation and price crash, Binance introduced regular burns on its exchange to bring down the circulating supply of the subsequent LUNA Classic (LUNC) coin. More platforms have now made new commitments to deploy mechanisms that will help remove more LUNC coins from circulation.
The latest protocols to raise the LUNC Community's hope of a price rebound include GameFi metaverse MetaRivals and decentralized research organization KajLabs Foundation.
MetaRivals unveiled two gameplay concepts dedicated to burning LUNC coins -- #Mint2Burn and #Play2Burn. Through Mint2Burn, the platform proposes to use up to 12% of proceeds from Non-Fungible Token (NFT) sales to buy back and burn LUNC.
MetaRivals also plans to launch the public test of its Metaverse game later this year, while the game’s full launch is scheduled for Q1 of 2023. The game will be a PlaytoEarn community-backed initiative with 12% of a player's returns going to a #Play2Burn Fund, which would then be used to buy back and burn LUNC weekly.
😍Hey #LUNCCOMUNNITY ...
— MetaRivals⚔️🤺 (@RealMetaRivals) October 3, 2022
⚡️Apart from the #BinanceBurningLunc news, we have another BIG announcement to make.
❤️🔥#MetaRivals is officially implementing #Play2Burn & #Mint2Burn mechanism to BURN more #LUNC tokens.
Follow @RealMetaRivals
👇More Details👇https://t.co/aNL6ql1fww
BSCNews reached out to Prince Pratap Singh, the Chief Operating Officer (COO) at MetaRivals. He thinks that LUNC is far from being a dead coin.
"We believe LUNC still has a lot of fuel. It may sound unrealistic for now, but we know that 'Community is the King.’ LUNC and its utilities can no longer be held back by the project team's plans. Instead, if everyone feels an allegiance to the coin, it can grow in all directions, like a true example of Web3. As new projects jump in, more exchanges support burning, and more users accept LUNC in their daily lives, it will grow a lot and may climb back to a top 5 coin," Singh said.
On its part, KajLabs, owner of the Lithosphere Interoperability Protocol, has pledged to burn about 2.5 trillion LUNC tokens through its Finesse game. KajLabs announced that it would allocate between $50 million to $100 million to achieve the massive burn. According to a press release, KajLabs will launch the first Finesse game series on Dec. 18.
To accommodate the burn, KaJ Labs will allocate $50 million to $100 million to burn up to 2.5T Terra Classic in Finesse games.
— LITHO.ai Network (@SuperLitho) September 28, 2022
More - https://t.co/ES32i1X4Fp
A Twitter user with the handle @KenchadzeLeri captured the mood of the larger LUNC community about the projected burns, stating:
“Sounds too good to be true! That’s a big chunk of circulating supply! But if it is true, then we will see some serious price action for the #lunc #LUNCCOMUNNITY.”
According to CoinMarketCap, LUNC has a circulating supply of 6.2 trillion coins. At its all-time high, the parent LUNA token was valued at $119.18. The value has since plunged to just under $0.0003 as of press time.
Would more platforms joining burning schemes by Binance, MetaRivals and KajLabs send the price of LUNC back to its previous heights? Time will tell.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Community Engagement Showdown: Exploring The Strategies Of DogeMiyagi, Chainlink, And Ripple

DogeMiyagi stands out with its unique approach and entertaining nature, appealing to a wide audience and fostering community involvement.
Community engagement strategies play a pivotal role in shaping the success and growth of various platforms in the realm of cryptocurrency. This article explores and analyzes the community engagement strategies employed by three prominent players in the crypto space: DogeMiyagi, Chainlink, and Ripple. By examining their approaches and their impact on platform growth, this article aims to shed light on the diverse strategies employed within the industry.

DogeMiyagi: Embracing Camaraderie And Memes
DogeMiyagi, a captivating new meme token, has emerged with a unique approach to community engagement. Inspired by the legendary martial arts master, Mr. DogeMiyagi, this platform harnesses the power of camaraderie and the indomitable spirit of its community. With a comical tone, DogeMiyagi appeals to individuals seeking both entertainment and investment opportunities in the crypto-verse.
The platform encourages users to connect their wallets and generate unique referral codes, allowing them to easily share the opportunity with friends, family, and online connections. Each time someone uses their code to purchase $MIYAGI tokens, they earn a generous 10% commission on the investment, automatically credited to their wallet. This incentivized referral system promotes community involvement and rewards active participants, fostering a sense of belonging and collective growth.

Chainlink: Empowering The Decentralized Oracle Network
In contrast to DogeMiyagi's lighthearted approach, Chainlink focuses on building a robust decentralized oracle network that connects smart contracts with real-world data. With a strong emphasis on reliability and security, Chainlink's community engagement strategy revolves around educating and collaborating with developers, enterprises, and blockchain enthusiasts.
Chainlink actively engages with the community through various channels such as developer grants, hackathons, and forums. They provide comprehensive documentation, tutorials, and developer resources to encourage the integration of Chainlink's oracle solutions into diverse blockchain ecosystems. By fostering collaboration and supporting developers, Chainlink aims to establish itself as the go-to oracle provider in the industry, driving growth through partnerships and innovation.
Ripple: Facilitating Cross-Border Transactions
Ripple, a renowned player in the crypto space, offers a unique approach to community engagement with a specific focus on facilitating seamless cross-border transactions. Ripple's platform aims to revolutionize the traditional financial system by providing faster and cost-effective international payment solutions.
Ripple engages with its community by partnering with financial institutions and industry leaders, building a network that enables frictionless global transactions. Through educational initiatives, conferences, and webinars, Ripple educates both consumers and businesses about the benefits of blockchain technology and its potential to transform the financial landscape. By collaborating with established players and advocating for regulatory clarity, Ripple seeks to create an environment conducive to the widespread adoption of cryptocurrencies, thus driving its own growth and that of the crypto industry as a whole.

In the crypto landscape, community engagement strategies play a pivotal role in shaping the growth and success of platforms. DogeMiyagi's approach, driven by camaraderie and a comical tone, taps into the power of memes and incentivized referrals, fostering a strong community bond. Chainlink, on the other hand, focuses on education, collaboration, and technological innovation to position itself as a trusted oracle provider. Ripple's strategy revolves around partnerships, regulatory advocacy, and the facilitation of cross-border transactions to drive the adoption of blockchain-based financial solutions.
While all three platforms demonstrate their strengths and contributions to the crypto industry, DogeMiyagi's unique approach and entertaining nature set it apart. Its emphasis on camaraderie, memes, and incentivized referrals appeals to a wide audience and fosters a strong sense of community involvement.
For those interested in exploring the world of cryptocurrencies and discovering unique opportunities like DogeMiyagi, join the meme coin revolution, and embark on an exciting journey with DogeMiyagi.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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