With around 4500 cryptocurrencies in circulation and new tokens being launched every week, it can be easy for a new token to get lost in the crowd.
However, one new token launch that has gathered considerable interest is LunaChow.
LunaChow was launched on August 10th and promises to revolutionize blockchain tokenomics with no private sale, no team allocation, and 100% transparency and fairness. There is 1 trillion $LUCHOW in circulation, which accounts for 0.1% of the initial total supply.
Drawing inspiration from other successful community-driven projects such as Dogecoin and Shiba Inu, LunaChow boasts a very aggressive token burn structure to maximize stakeholder equity, In total, 99.9% of all LunaChow tokens were burned at protocol launch.’ That’s the most aggressive burn we’ve seen in the crypto space.
Built on the solid core values of Transparency, Commitment, and Collaboration LunaChow is an ERC-20 token on the Ethereum network, the world’s largest decentralized smart contract ecosystem.
With a strong emphasis on community, the LunaChow community is the backbone of the ecosystem, whilst the unique LunaChow charity fund will empower underprivileged kids around the world. LunaChow is aiming that its token will serve as a powerful payment tool, making digital asset ownership accessible to everyone.
The LunaChow Burn
What makes this token project stand out is the aggressive and virtually unprecedented burn event held at the start.
WIth LunaChow’s fair launch, fairness is maximized as there are zero team or private sale allocations. Instead, all potential investors must purchase their desired allocation via the public sale.
The experienced LunaChow team conducted extensive research and concluded that the value of token burns accrues initially regardless of time horizon. Therefore, rather than delay the total token burn across a large window of time, LunaChow has opted to maximize the immediate value for LunaChow token holders through a one-time, historical burn event.
LunaChow tokens ($LUCHOW) is available for purchase on Uniswap. You can navigate to the link for more information about LunaChow roadmap here:
Lunachow looks like another shit coin trying their luck
i shall check out LunaChow, thanks
It’s a very aggresive burn