REVIEW ON LUNACHOW

shekinah-gee (26)in #lunachow • 2 years ago

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LUNACHOW: THE DECENTRALIZED SYSTEM FOR ALL

One of the prides of cryptocurrency and blockchain technology is the fact that it is decentralized, and can’t be controlled by the top financial powers. As the adoption of cryptocurrency increases, there is a dire need for everyone involved to start asking hard questions. These questions aren’t ways to discredit what blockchain technology has changed the financial space around the world, but to ask whether the technology and the projects built on the technology is progressive.
One of the hard questions that must be asked is whether cryptocurrency is democratized or has become centralized, defeating the initial aim of Satoshi?
For example, we have seen the fast growth and sudden obliteration of cryptocurrency projects. Projects that started off good but were soon a scam faster than investors could make sense of them. Think of Litecoin. Think BitTorrent. These projects rocked the entire crypto-space so much that many people became sceptical about cryptocurrency. Something like what is happening right now with the price of bitcoin and other altcoins.

Another question that needs answers is how progressive are the old blockchain that we all know.
How progressive and inclusive is the Bitcoin Blockchain?
Does it serve the progressive projects that we see these days in the cryptocurrency space?
So, to answer these questions, LUNACHOW was developed.

LUNACHOW was developed on the ERC-20 network to stop many of the ills people have complained about in the cryptocurrency space. From memecoins that can’t stand the test of time to scam projects that make people lose trust in cryptocurrency and blockchain technology, LunaChow is that token that helps to solve all the aforementioned problems, and even more.
So, let’s get on with what makes LUNACHOW different than the Dogecoins and BitTorrents. Let’s unlock the power of LUNACHOW’s incredible growing community.

LunaChow is built on these outstanding qualities:

Transparency: LunaChow is dedicated to having everyone involved know what is happening and at what pace these things are happening. For example, while other tokens do private initial coin offerings, LunaChow’s initial coin offering is public, ensuring that anyone who wants to join the community gets a chance to buy the token. There are no select group of investors. Everyone is welcomed, and welcomed at the same time.

Commitment: LunaChow is committed to its progress, given how dedicated the team behind the project has been, and the commitment the team has shown to respecting and rewarding cryptocurrency influencers and developers such as Vitalik Buterin and Elon Musk.

Collaboration: LunaChow was built on the Ethereum network because of the network’s functionality, and the new layer two solution.
Before the layer two solution was rolled out, the transaction fees on Ethereum’s network were a lot. But with the layer two solution, transaction fees will reduce.

Also, with the low transaction fees, more people can use the token, and increase its adoption.
One major advantage of LUNACHOW, in addition to its fast transaction speed and low transaction fees, users can schedule payment. With payment scheduling, people can pay for goods and services even before the goods and services are delivered. Makes payment super easy!
LUNACHOW’S TOKENOMICS
LunaChow’s tokenomics is phenomenal as it takes into cognizance of the effect token burning has on the price of any token.
Token burning over time ensures that the number of tokens in circulation is reduced, thus increasing the token’s price. Most times, the increase in burn rate for tokens increases the price, and leads to price manipulation in the market.
So, how does LunaChow solve this problem?
The team at LunaChow ensures that the price of the token reduces after the burn.
Lunachow burns 99.9% of the tokens are burned at launch.

CONCLUSION: The democratization of lunachow makes it one of the best crypto project out there.