Token Announcement
Purpose
Purpose to provide a pool of liquidity that gives Luna investors the opportunity to recoup at least part of the investment or even some profit.
Fundamentals
Exchange a collapsed Token with a very high mintage, in the trillions (LUNA), for a Transition Token (LCRASH), pre-mined in an equivalent amount, with an initial exchange rate of 1/1, with the transition token will have its supply burned at a rate of 1% on the value of each transfer or exchange via DEX, thus becoming a highly deflationary asset.
To this end, two pools of LUNA x LCRASH were created to exchange LUNA for LCRASH, attracting the skeptical part of the LUNA community to the project. The second pool pairs LCRASH x BUSD so that users who purchased LCRASH can exchange it for BUSD or another token via router and also so that other users who do not have LUNA can purchase LCRASH with BUSD or other token via router.
The project in question was implemented specifically for LUNA tokens transferred to the BSC network on the Wormhole protocol.
Note: We recommend reading the tips section at the end of this page.
Contract Address
0x4FA769c0d55b340eE987478C0F18ad8D8d2e56F4
Token Name: Luna Crash
Symbol: LCRASH
Max Supply: 6.5 T
Deflation 1% per transfer up to 350 M
Initial pool price 1/1 LCRASH per LUNA
Note: After the start of the pool, prices will be determined by the market, including the price list above may change according to demand.
Pools
Trade Now
Tips
As we are dealing with two low-priced assets, low initial liquidity and available in an absurd amount, a behavior of high volatility is expected, which will decrease over time as the reduction of LCRASH tokens burning, increase in liquidity by transferring the value of LUNA and by purchasing LCRASH with other assets. Due to this high initial volatility, some precautions are important, especially for traders with little experience in these conditions, namely:
1 Be patient, don’t buy if the chart indicates a bullish spike, don’t sell after a sharp drop, wait for the correction.
2 With the huge amount of tokens available at a low price everyone is a Whale and there is no way to stop pump and dump. Again, be patient and follow trend lines and averages.
3 When buying, avoid impacting the price by more than 2%, at the beginning of operations this value can be reached easily, be patient, buy a little each day, as liquidity increases, larger quantities can be acquired without impacting the price.
4 Currently the supply of LUNA is stopped at around 6.5 T at the time of publishing this article, but it is an unlimited mint token and nothing prevents new tokens from being issued, which would cause a considerable impermanent loss to LUNA liquidity providers, at the moment LUNA is an unstable asset, consider this if you want to pool with the LUNA/LCRASH pair.
5 Why the burn rate is only 1%, wouldn’t it be faster if the burn rate were 10%? We understand that 1% is the ideal rate as it allows traders to trade with lower margins on DEXs, and the higher the number of exchanges the more tokens are burned. For a trader to make a profit on a DEX using a token with a burn rate of 10%, for example, he would need a variation around 11% to 12% in the price, for him to stay with 1% or 2%, which is not attractive and would considerably reduce the number of exchanges.
6 Is there a long-term utility project for the LCRASH token? No, LCRASH is a transition token and will gain value until it reaches the deflationary minimum threshold of 350M and aims to enable an advantageous transition of users to nobler tokens/coins. However, nothing prevents LCRASH from gaining popular sympathy and being used for many, many years.
7 We thank everyone who helps in the dissemination of the token, we understand that the greater the number of people who know the project, the greater their chances of success.
