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    Some predict that LUNA will burn its 80% supply

    Earlier the company stated , we do not burn supply. We are a for-profit company that is focused on generating value for token holders. This is a misunderstanding of how supply works. Second, the burn is not going to occur in 2022, it is going to occur in May of 2028.

    This is because we have an 8 year vesting schedule for employees, so after those years have passed, we are still going to be holding the tokens and we are going to be burning them. The tokens will be LOCKED and they will be destroyed. We want to generate actual value. We are not going to be promising something we are not going to do.

    As far now the lunacoin crashes the prediction run counter to the aforementioned statements of the company it seems quite possible that they will burn their supply so buyers should be ready to hold their nerves.

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