LunaLand; Creating A Coin That Leads To The Moon
Technology keeps amazing us, but most times, it comes with a disadvantage that requires another innovation. If you’d ask me, the paper money should somewhat count as technology, but then, the disadvantages of paper money started hitting us all. One of the most common disadvantages is that the money is controlled by the government, they control the banks, then the bank controls your account, and you are left looking like a stranger in what is yours.
Anyways, Satoshi Nakamoto brought Bitcoin (digital money that has no physical representation) and everything was doing good until the disadvantages started showing up in bits. Fast forward to today, there are so many cryptocurrencies out there. Some of them are created to solve some challenges of Bitcoin, but a majority of them aren’t acting like currencies, instead, they seem to be more of a speculative asset. But that’s not bad anyway. Bitcoin on its side seems to be a journey of the rich. Transactions fees have risen greatly compared to the beginning of cryptocurrency. However, it is worth the creation of this innovation that a cryptocurrency that operates like paper currency is created. Long story short, let’s look into LunaLand.
LUNALAND
LunaLand is a p2p (peer-to-peer) digital currency that also operates as a store of value. It challenges paper money which has proven to have an unlimited supply (they just keep printing new paper). In as much as LunaLand has a limited supply, it is also a hyper-deflationary supply coin. This simply means that most of the initial supply will be burnt until the target supply of only 400 million coins is reached.
FEATURES OF LUNALAND
Here are the features of LunaLand. These features seem to be very interesting. Especially if you happen to have a lot of interest in science.
- Hyper-Deflation
- Targeted Supply: The distance from the earth to the moon is 400,000,000 meters. LunaLand’s target supply is 400,000,000 coins. See how interesting that is?!
- Manual Burns: The LunaLand coin (LLN) will be regularly burnt to reduce the total supply by 99.96% (From 1 trillion to about 400 million coins).
- Reward Holders: LunaLand Coin (LLN) holders are rewarded for holding the coin. The manual burns do not penalize buyers or sellers but rather encourages trading and liquidity.
- Encourages Trading: LunaLand rewards early adopters who put a minimum of 50% back into liquidity pools.
- Low Entry Price: With a total supply of 1 trillion coins, a low entry price is planned, and LunaLand will reward early adopters.
LUNALAND (LLN) COIN
LunaLand (LLN) is a p2p (peer-to-peer) digital currency and store of value. It enables users to easily send money across others online as it serves as a medium of exchange. In the smart contract for LLN, there is no mint function. This simply means that there is no possibility of more than the initial supply. Instead, the number of LLN in existence can only decrease over time, making it outstanding over paper money and many other cryptocurrencies.
In a simpler term, the LLN coin is a digital currency that utilizes the power of blockchain technology to bring openness, security, and even low transaction fees. It is a BEP-20 token as it is built on the Binance Smart Chain (BSC). As I may have mentioned earlier, it has a max total supply of 1 Trillion coins. It has a burn mechanism that will burn
until a total of 400 Million coins are remaining, and that will be 1 Lunar distance in meters.
CONCLUSION
In conclusion, LunaLand is a reshaped cryptocurrency. With the experience of having used paper money and other cryptocurrencies, the LLN coin was created. And if you’d ask me, the burn feature will do the project a lot of good as it will create scarcity. Be an early adopter today and join the LunaLand Community.
Written by Chris Barth
