Lunaland: Hyper-Deflationary DeFi Token
Introduction
Decentralized finance and cryptocurrency could pass as the two most discussed financial terms in recent times. Cryptocurrency and DeFi are very much similar in that cryptocurrency builds a decentralized supply of assets that is different from the traditional fiat currencies regulated by the government, and DeFi creates a financial platform that is decentralized, unlike the conventional centralized institutions.
The digital market has continued to grow alongside the decentralized finance (DeFi). This industry has seen many advancements and innovations since its establishment. One of the significant marks of this market is the continuous production of tokens and coins. In recent times, more specific tokens have been established. These token are designed by the developer with strategic intentions. One of these innovations is the Lunaland. It is a hyper-deflationary DeFi token.
What Does Deflationary Token Mean?
The terms deflationary and inflationary are used to describe the deduction or addition of money to the already existing amount in circulation in any financial setting. When there is a system of addition of currency to the already available one, the currency is said to be inflationary. If the system requires the deduction of money from the already existing cash flow, the currency is said to be deflationary.
A deflationary token is therefore regarded as a digital coin in which the total circulating supply is continuously reduced to the initially determined amount. The operators do not allow the entire token in circulation to go beyond what was predetermined. Inflation, on the other hand, means adding more of a particular token to the already circulating supply. It is the opposite of deflation. Generally, fiat currencies which the government regulates are inflationary by nature.
When it comes to cryptocurrency, deflation is dependent on the token or coin in question. However, their value always increases relative to national currencies. For deflationary cryptocurrencies, it is required that the existing number of available tokens is gradually reduced by removing them from the market. The process employed in doing this is referred to as "token burning."
Brief Explanation of Lunaland
Basically, Lunaland is a cryptocurrency and digital asset that is designed to shield investors from inflation that is unavoidable with real world currencies. It serves as financial protection for those who participate. The coin encourages liquidity with no-tax trading by giving rewards to early users and returning 100% into liquidity pools.
The real world suffered continuous money printing, which is a system designed to favor only the wealthy and high-class citizens while neglecting the rest of the population. This is a broken system that can be fixed by cryptocurrency and blockchain. Lunaland is one of the contributors to this change, and the aim is to spread equal investment potential.
Conclusion
As the strive for financial freedom and even wealth distribution continues to increase, one of the leading financial markets, DeFi, is not left behind. Developers have continued to come up with different tokens, coins, and DAPPs that are aimed towards the same goal. Lunaland is one of the most recent innovations aimed at solving the problem of inflation of currencies.
USEFUL LINKS
Website: https://www.lunaland.io/
Telegram: https://t.me/lunalandLLN
Twitter: http://twitter.com/IoLunaland
Facebook: https://www.facebook.com/LunaLand-104535581879219/
Instagram: http://instagram.com/lunaland.io
YouTube: https://www.youtube.com/channel/UCPfFZksXwohPMzE7OyZiKRg
Discord: https://discord.gg/RGM769PB
Reddit: https://www.reddit.com/r/Lunaland/
AUTHOR'S DETAILS
Bitcointalk Username: Deprando
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2880866
Proof of Authentication: https://bitcointalk.org/index.php?topic=5346492.msg57511577#msg57511577
BEP-20 wallet address: 0x8Dc954768E3dD11893390aE4941474A0Dca794b7