🔥 *1) 1.2% Burn Tax Proposal (Vision Plan)*

📌 The community proposed a major plan that included:

✅ A suggestion to apply a *1.2% burn tax on all trades*

➡️ Meaning whenever someone buys or sells LUNC, 1.2% of the amount would be *burned* as a fee

➡️ This could result in *millions of LUNC being burned daily*

✔️ The plan also proposed increasing the *on-chain tax to 1.5%*, with *0.3% allocated to the community pool*

✔️ There were also suggestions to *exempt DApps from this tax*

🔹 If adopted by major exchanges, this could *greatly accelerate the burn rate* — the community believes it could significantly reduce supply over the years. [1]

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🔥 *2) Governance Burn Tax Already Activated*

👥 *Proposal 4661* was passed, under which:

✔️ In *September 2022, a 1.2% on-chain burn tax* was implemented

✔️ As a result, *billions of LUNC were burned* during that period [2]

➡️ Later, the tax rate was *reduced* (e.g., from 1.2% to 0.2%, then 0.5%) to encourage more transaction activity

🔥 *3) Exchange Adoption for Off-Chain Burn*

📊 Another community effort was to request *major exchanges (like Binance, etc.)* to adopt the *1.2% off-chain burn tax* —..