

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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Powered by its native token GW, Gyrowin combines the excitement of lottery games with the security and transparency of decentralized finance to offer users exciting rewards.
Gyrowin, a groundbreaking cross-chain decentralized gaming, liquidity, and asset management platform, is making waves in the world of blockchain technology and DeFi. With a mission to provide transparent and fair reward distribution, Gyrowin is set to redefine how players engage with lottery games and DeFi protocols. Let's delve into the key aspects of this innovative project.

Lottery Games for Fun and Profit
Gyrowin recognizes the enduring popularity of lottery games and is capitalizing on it. Offering a range of lottery games integrated with staking, lending, and borrowing protocols, Gyrowin allows players to have fun while winning. The platform operates game liquidity pools on major chains like BNB Chain, Polygon, Tron, and Solana, offering a diverse gaming experience.
The platform’s variety of cross-chain lottery games include the 6/41 Lottery, Gylotto, 5/9 Lottery, 10 minutes Lottery, and Instant scratch NFT Lottery. This cross-chain approach ensures accessibility and inclusivity for players across the crypto landscape.
Tokenomics
At the heart of the Gyrowin ecosystem lies its native token Gyrowin ($GW), designed to serve multiple functions, including governance voting, liquidity currency, and incentives for DeFi users. The token structure is meticulously balanced, with allocations for various purposes, including liquidity, reserve, marketing and more, ensuring a sustainable supply-demand ratio. Notably, Gyrowin implements a burning mechanism and regular buybacks to maintain token value. Learn more about the token distribution and allocation here.

Borrowing and Lending with Ease
Gyrowin offers a cross-chain DeFi platform for borrowing and lending tokens across multiple chains, introducing unified liquidity pools that provide higher APR for lenders. Users can borrow from different chains seamlessly, eliminating the need for collateral bridging. The platform also offers zero liquidation on collateral, enhancing user security.
Decentralization and Transparency
The platform places a strong emphasis on decentralization and transparency. Leveraging Chainlink oracle VRF for automation and accurate token price information, Gyrowin ensures fair lottery draws and automated lotteries. The platform also utilizes blockchain infrastructures like The Graph and layer zero for a seamless cross-chain experience.
Money Plant Staking and Freeze Lock
Gyrowin's staking process is designed to be competitive and rewarding for participants. Using a first-come, first-served approach and limiting staking amounts, Gyrowin offers higher yields in a short period. The platform’s innovative Freeze lock feature ensures that unlocked tokens are only available for use after a cooling period, providing additional security.
Smart Contracts and Audits
Security is a top priority for Gyrowin. The project's smart contracts have undergone thorough audits by leading security providers such as Hacken and Solidproof, ensuring the highest level of safety for users' assets.
Gyrowin is a game-changer in the blockchain and DeFi space, combining the excitement of lottery games with the security and transparency of decentralized finance. With its innovative approach to cross-chain functionality, governance tokens, and staking, Gyrowin is set to reshape the future of gaming and DeFi.
Stay updated with Gyrowin and its development via the official links:
Website | Twitter | Telegram | Docs
Disclaimer: 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 $400. 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 $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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