Why is this burn Different?
We burn two tokens. The function that runs our burn is called unpairBake&Burn. When a token is to be burned we first break apart the pairing. We then Bake the BNB into the Liquidity. Then the LFG and LP tokens are burned away locking a higher BNB amount into the remaining LFG tokens of the LP. Every time this function runs, the ratio get smaller and smaller. This gives a tangible value actually on the chart unlike any other burn mechanism. Although this only ever adds BNB value, this does not mean it can not decrease in USD value if major sells happen or BNB value goes down.
What happens when the supply reaches 0?
The burn is based on a percentage, therefore can never go to zero. 1% of the LP tokens today is completely different than 1% of the LP tokens tomorrow. The burn will natural slow over time as the supply decreases over time.
Is the Liquidity Locked? Will the contract be renounced?
“The contract has not been renounced for many reasons. There have been several projects that launched, locked liquidity, and renounced their contracts with terrible consequences. First, if there are any changes that need to be made in the future for the community, you cannot do so if contract renounced. Further, the dynamics of web 3, migration, upgrades to exchanges, pending projects, and other great opportunities Lunar Flare Group plans for the token cannot be achieved if the contract is renounced and liquidity locked.
LFG went through an audit in which the devs were Doxxed. In due time, more information about the team will become available.
There is no rational, nor concern about the devs running away with the liquidity. All of the team are located within the US, where there are laws preventing and criminalizing such behavior that will be strictly followed and enforced. The access the devs have to the contract, liquidity and (yes) even wallets containing our native LFG token is strictly to maintain the ability to deal with future changes and upgrades.
Will any token be supported by burn swap?
No, Only select tokens. Tokens are selected based on remaining liquidity and their current value in comparison to their last 6 months. We do however accept suggestions from the community for future listings.
How can the Burn Swap support 109% value?
BurnSwap Transactions are whitelisted from fees and is an OTC exchange basically. The tokens that enter the Burn Swap LP is through ASH Bots buying at Fair market value. The project owns these tokens and can be given out at any percentage. BurnSwap will only be available as liquidity is available in its own Liquidity pool.
Is the project ran by Freddy Vaca?
Freddy Vaca is the visionary that provided and directed the development of the Lunar Flare Token.
Why were there so many air drops at the beginning of the contract?
There were 2 contracts. 204 original air drops were given. These are referred to as founders wallet (or initial liquidity providers) Each founder paid $300 and was sent 1.05 Billion tokens. At launch, the 1.05 billion was actually worth less than $300 of value. There was a script error that dropped the wrong initial amount. These were people that believed in the project and provided LP at a lose to ensure the project was a safe liquid launch. This was on the first contract launched. Within 48 hours we launched a second contract to include Burn Swap and the corrected tokens to the founders. That amount was 2.53 billion tokens. The airdrops in this contract were the initial 204 Founders and anyone who purchased within that 48 hour window.
Will the burn stop when ¾’s of the supply is gone?
The burn will never end. It is based on a percentage, therefor can never go to zero. 1% of the LP today is completely different than what 1% of the LP is tomorrow. The project holds the right to stop the matching burn at any time, but if or when this will happens has not finalized.
How is the 1% triggered?
The 1% daily burn is not based off transactions but rather a percentage of the LP tokens controlled by the contract. All burns that happen in transactions are in addition to the 1%, not part of. The 1% has no set time it is to burn but rather runs off an algorithm. Anytime a transfer is made, the contract triggers this algorithm. A part of that 1% is burned little by little through out the day. The calculations starts small early in the day and grows larger if need be due to lack of transfers. If 0 transfers happen in a day, the team can manually trigger the 1% burn.
Why are there so many contract owners?
In the true nature of defi, we give each holder the ownership of the contract during every transfer transaction. Anyone in this project that has executed a transfer has owned the smart contract which also allowed them to trigger the burn.
What are the Ninjas?
We are a community that moves as 1 silently in the shadows. We are not a group of individuals but rather an individual group pushing towards a common goal. We are not out front and center chasing clout or recognition. We push the agenda from the shadows to put community and project first. The ninja represents who we are and how we move.