EverGrow Burn Rate 400% Higher than Luna Classic – Price Pump!

The date of a $1 Luna Classic (LUNC) token is getting further and further away. 

In November, Luna Classic (LUNC) burn tax reduced from 1.2% to 0.2%. As a result, on-chain LUNC trading and Binance trading added just 9.2 billion to the burn wallet. That's a drop of -51% from the October burn of 18.8 billion.

Whereas LUNC was on track to hit prices in a range between $0.1 to $1 in the next 20 years – that's over 100 years away now at the current burn rate.

Meanwhile, DeFi coin EverGrow ramped up its burn rate and saw a recent price pump of 43%. As things are going, burning tokens is working out extremely well for EverGrow.

Find out more about EverGrow here.

EverGrow burn rate up 135% – LUNC down -51%

Here's how much LUNC was burned in November compared to EverGrow:

• EverGrow burn in November: 0.6% of circulating supply
• LUNC burn in November: 0.15% of circulating supply

The burn adds up over a year. At this rate, EverGrow will be burning as much as 7% of circulating supply each year. LUNC will be burning a maximum of 2%.

The real difference, however, is thatEverGrow burned more of its supply than LUNC with a market cap of just $40 million (compared to LUNC's 1$ billion) and daily trading volumes of $100,000 (compared to $100,000,000). 

EverGrow uses 100% of app revenue to finance burning

EverGrow has with a 14% transaction tax on any buy or sell, split as follows:

• 8% converted into BUSD and distributed among all wallets ($38+ million paid to date)
• 2% to burn tokens (28 trillion burned in last 12 months, or 6% of circulating supply)
• 2% for ecosystem development (NFT marketplace launched)
• 2% to fund liquidity (you can only buy EverGrow on PancakeSwap using BNB or BUSD)

The tax is high for first-time buyers – and the LUNC community voted to reduce the 1.2% burn tax to 0.2% precisely out of fear traders would ignore LUNC. EverGrow instead decided to keep a far higher tax and make paying it worthwhile for investors.

Once you're holding EverGrow, you earn passive income and watch prices rise faster thanks to token burning. That token burning has just exploded in November thanks to an incredible innovation.

EverGrow launched an NFT marketplace in September which sends 100% of revenue to burn tokens. EverGrow began automating the burn function so that $12,500 of EverGrow tokens are being bought and burned each day since November 9th.

Find out more about EverGrow here.

EverGrow prices up 43% in November – what's next for LUNC?

EverGrow prices have already pumped 43% in November.

LunaSky is just the first app. In 2023, EverGrow will launch a wallet, token swap, content subscription platform (think a crypto-based OnlyFans) and a metaverse experience. 

Meanwhile, Luna Classic is still trying desperately to build a community and an ecosystem. The unofficial lead development team called Terra Rebels are trying to raise $50,000 in funding out of worry that a new Terra wallet (Inter Station) will not support the Terra Classic chain.

That could be a huge problem for LUNC. Without an on-chain wallet, LUNC trading will be forced onto centralised exchanges which are less likely to implement taxes – Binance being the exception.

If the LUNC community can't get a roadmap together fast, it faces losing out to altcoins which are fast building ecosystems, communities and mechanisms to power both burning and passive income.

EverGrow is just one example that's ripe for a price breakout. 

Buy EverGrow using BNB or BUSD here.