/biz/ - Business & Finance

>>51641032
spread it out over several but make sure to only stake with validators that agree to burn part of their gains and have posted proof they do so. Picrel is the best validator right now in terms of transparency on what they are keeping and what they are burning.

>>51640907
somewhere, it's been months since I read them and my unsorted folder is over 25gb. Here is the initial plan, there is more stuff on twitter and in the Lunc proposal threads
https://arxiv.org/pdf/2207.01700.pdf

tl;dr:
this whole thing is gonna be slow until it's not. The way it's designed is that the burn and other factors will cause a slow but steady rise, once the coin is gaining gradually people restart things like stacking and project backing at which point the timeline for the burn will rapidly shorten the faster Lunc gets traded; that's why you are seeing the timeline jump form 1300 years down to 1000 years over the span of night. Most coins gain and lose ground based on volatility, LUNC does that too but it's also tied to it's supply so that even if markets are down as long as people are still trading the price keeps growing since the supply is shrinking.

If you want this to go faster stack with a validator that agrees to burn most of their fee's, I recommend picrel. Lunc staking has a pullout time of 21 days but once it gets back to the 0.01 range 21 days won't make a difference in the sell price between fluctuations.

For everyone who is staking
Make sure to use a validator that is burning at least part of their fee and has a proven track record of doing so. You will lose a couple percent interest on the APY but it's so high right now that it doesn't make a big difference for personal profit but the continual burn will.

Only validator that has shown proof that they burn their fee's is picrel, there might be others but from my research few have shown proof (Allnodes for example).