The hyper-deflationary token aims to burn through the supply of Luna Classic and bring passive income to investors in a one-stop shop for DeFi, GameFi, Metaverse, and Crypto Banking products.
GUELPH, CANADA, March 09, 2023 (GLOBE NEWSWIRE) -- Lunatics is a group of like-minded individuals committed to restricting the availability of Luna Classic. The hyper-deflationary LunaticsToken, built on the Binance Smart Chain, aims to disrupt the cryptocurrency industry. Its primary goal is to establish a trustworthy environment in which investors may deposit their money. The project team intends to restore trust in the crypto industry by providing consumers with a safe place to store their money.
After a huge success on the BNB Smart Chain (BSC), Lunatics Token (LunaT) is all set to launch on the Ethereum Chain. The Fairlauch presale will commence on March 12, 2023 at 5PM UTC.
Further details about the presale can be found here.
Metaverse Partnership - Exodus: Our Universe
Lunatics Token has partnered with Exodus: Our Universe, a new and exciting metaverse, to create an entire island known as Lunatics Island. This island will feature a 4 square kilometer city and 4,900 plots to choose from to live and build upon. Investors will have the opportunity to rent retail spaces either in the city or on the beach to open their own stores, bars, discos, and more. This partnership will provide an unparalleled metaverse experience for Lunatics Token investors and users.
Benefits
Lunatics Token provides a plethora of services and incentives to its investors. The project has already created a decentralized exchange (DEX) and a crypto wallet, with future plans to create a lending/borrowing protocol, lottery, staking, NFTs, and a variety of other DeFi utilities.
The Lunatics Banking system will also offer debit/credit cards as well as a lending/borrowing mechanism, bridging the gap between crypto and fiat. The project has been audited, completely doxxed, and KYC certified, and it is listed on CoinMarketCap and CoinGecko.
Lunatics Token is a potential addition to the crypto and metaverse realms, with over 100k social media followers, a verified presence on different platforms, and a dedicated LuniShop clothing shop and LuniSpace social media platform.
Tokenomics
LunaticsToken tokenomics include a 10 billion burn at launch, a 20% private sale with a vesting period, 35% presale tokens, 20% liquidity, and 15% future development and centralized exchange (CEX).
The initial circulating supply of tokens was 90 billion. There is also a 1% maximum wallet and transaction limit in place to prevent any single party from having too much power over the coin. Furthermore, there is no transfer tax when moving Lunatics Tokens from one wallet to another, giving investors flexibility.
LunaticsToken has carefully crafted its tokenomics to align with its goal of reducing the supply of Luna Classic. Each transaction on the Binance Smart Chain incurs an 8% tax, with 1% added to liquidity, 1% burned to intensify the deflationary aspect, 2% allocated for marketing, and 3% as a reward to Luna Classic holders. Furthermore, a 1% Treasury/Delegate/Burn tax is paid out by the contract.
As the LunaticsToken gains more popularity, the tokenomics will provide incentives for holders to remain committed to burning Luna Classic and contributing to the Lunatics community's growth.
Transparency and Security
When it comes to its investors, LunaticsToken prioritizes transparency and security above everything else. The team has gone to tremendous measures to provide various levels of security, including the use of multi-signature for contract ownership, marketing, and burn wallets.
Furthermore, the staff has been completely doxxed and has undergone the KYC verification procedure, giving investors confidence that they are working with trustworthy people. ContractChecker also audited the project's contract, and additional audits are planned in the future. LunaticsToken hopes to create community trust and give investors with peace of mind by prioritizing these security procedures.
Why Binance Smart Chain?
With Binance holding the majority of the Luna Classic supply and with low gas fees, the Binance Smart Chain seems the obvious place to start this journey. With their contract developer, Krakovia, coding their contract and safeguarding the community in mind, tokens for future development and exchanges have been locked.
About the Project - Lunatics Token
LunaticsToken seeks to build a community of like-minded individuals committed to lowering the supply of Luna Classic. The initiative is based on mutual trust and respect, and holders are rewarded with Luna Classic until the supply is depleted. The team is dedicated to rebuilding trust in the crypto field by establishing a secure and transparent investment environment.
Furthermore, potential investors and cryptocurrency enthusiasts interested in Lunatics Token can visit the project’s official website or check out their social platforms for more details.
Website | Twitter | Telegram | Discord | Reddit | Facebook | YouTube | TikTok | DEXTools
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Exodus: Our Universe
Tymor Davies
Disclaimer:
The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.
CONTACT: Russel Robinson Lunatics Token lunaticsat lunaticstoken.com
