What Makes LunaLand a Unique CryptoCurrency
Introduction
The decentralized financial system and cryptocurrencies are now an integral part of our economic system, and they are not strangers to people who are interested in making investments. What's more, the system has extended into other major industries, thereby getting everyone involved in the fast-growing technological advancement. It is believed that over time, the digital coins and trading system may replace the existing fiat currencies and financial institutions just like the present currency replaced the trade-by-barter system.
Because the aim is non-stop progress and steady growth in the financial industry, more coins and digital assets are established as the days go by. The system, which started with Bitcoin as its sole currency, has seen the development of so many other currencies that are also rising fast to join the top list of currencies. One of the most recent coins which has come with a lot of potentials is the Lunaland.
What Does the Project Entail?
Lunaland (LLN) is a cryptocurrency and values store that works using the peer-to-peer system. It works just like digital gold. The functionality of this platform basically depends on the acceptance by a user and the development of the Lunaland community. It is the exact opposite of the fiat currency, which is influenced by other individuals, government and organizations, and has an inflationary supply.
This system has no connection with the initiative that aims to establish a centralized token platform/ecosystem. Apparently, this platform will face challenges like execution risk, market risk, team risk, and other risks that may affect the value and result in appreciation of coin price. However, the Lunaland project is designed with practical applications such that the coin's value is directly supported by the money, without the influence of other platforms on the price of Lunaland.
How LunaLand Works
This coin is developed to be limited in supply in addition to its hyper-deflationary nature. The limited supply of the lunaland token is one of its significant features. The hyper-deflationary nature means that, unlike the inflationary currencies, the amount of currency in circulation will be reduced until a determined amount is reached. The process involved in this is called burning.
After an initial supply of one trillion, coins will be burned until the targeted four hundred million coins is attained. Invariably, 99.86 percent of the currency will be burned in regular cycles. The burning process will continue until an objective amount is reached. The proposed amount is one lunar distance in meters between coins.
The burning process of Lunaland is carried out by the team manually. As more people continue to adopt the coin and the supply equally continues to increase, random burning is done to limit the number of available coins. Also, the more the number of coun holders, the more the burning of the currency.
Conclusion
Lunaland is no doubt a fascinating coin that will take the crypto world to another level. Its unique feature of limiting and burning coins allows it to create a balanced ecosystem where every adopter can explore the potentials of investing. This project has high prospects and will be doing the digital financial market a lot of good.
USEFUL LINKS
Website: https://www.lunaland.io/
Telegram: https://t.me/lunalandLLN
Twitter: http://twitter.com/IoLunaland
Facebook: https://www.facebook.com/LunaLand-104535581879219/
Instagram: http://instagram.com/lunaland.io
YouTube: https://www.youtube.com/channel/UCPfFZksXwohPMzE7OyZiKRg
Discord: https://discord.gg/RGM769PB
Reddit: https://www.reddit.com/r/Lunaland/
AUTHOR'S DETAILS
Bitcointalk Username: Blesko
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2642410
Proof of Authentication: https://bitcointalk.org/index.php?topic=5346492.msg57511845#msg57511845
BEP-20 wallet address: 0x73Aa4783B9ba68470b17853E8B51E1908007132a