LunaRedClassic $LRC — a brand new reflection protocol on Binance Smart Chain. This contract will have unique features and be the first of its kind to provide reflections to holders with absolutely zero taxes and is deflationary.
About LunaRedClassic project
The Luna Red Classic protocol is based on a token with a passive yield mechanic that is not related to transfer taxes. Instead, passive income comes from expanding supply from new purchase orders (which represent organic demand for the token). As a Luna Red Classic holder, you passively earn more tokens for each new purchase order, placed for $LRC. Your rewards are instantly "delivered" to your wallet after each new purchase.
Distinctive features:
| 1 | 0% tax on purchase and sale. |
| 2 | Luna Red Classic rewards its loyal holders with reflection in the native $LRC token. |
| 3 | Luna has a revolutionary burn mechanism that burns tokens directly from the liquidity pool. |
The contract will have a unique activated community torch. This recording function can be called by any member of the community. Once a community member lights the torch, the contract automatically burns 1% (% is flexible and can be adjusted, according to the schedule) of the total liquidity pool. The participant who called this function will receive a reward of 1% of the burned amount.
Burning $LRC supply raises the floor price. Unlike many mining or staking projects that burn tokens by holding them out of liquidity, which does not affect the price, the LunaRed project burns directly by liquidity, which leads to a price increase.
Bot protection mechanism
The maximum limit for transferring and holding tokens is 2% - to ensure a more equitable distribution. Wallets with 2% or more supply cannot buy more than $LRC. Transfer cooldown is 2 minutes and resets after each purchase. This means that users cannot buy a large number of tokens and sell your income instantly ($LRC is resistant to instant loans).