If you love LUNC burns, you NEED to see this data

Shiba Inu isn't on track to hit $1 even within the next 100 years – but with EverGrow you could have a moonshot.

How long would it take for Luna Classic burns to pump the price to $1?

According to the latest week of LUNC burns collected by the Binance crypto exchange – LUNC's largest trading market – it would take at least 100 years to burn to $1. Luna Classic burns were happening much faster at first before the community voted to reduce the burn tax from 1.2% to 0.2%.

How can we trust LUNC $1 price calculations?

Token price is determined by market cap / circulating token supply. Right now the LUNC market cap is $1.5 billion. So 6.8 billion divided by 6.59 trillion tokens makes for a price of $0.00022. For LUNC to be worth $1 the market cap needs to be equal to the token supply. 

Not even Bitcoin has held a stable market cap of $1 trillion. So it's fair to assume that LUNC needs to burn at least 6.5 trillion tokens to hit a $1 price in the next 10-20 years.

But since just 1.3 billion LUNC tokens were destroyed in the last week via Binance, it would take 100 years to destroy 6.5 trillion LUNC tokens from supply.

EverGrow set for $1 in next 20 years – and it's only $0.0000001

EverGrow is a hyper-delationary token with a burn tax just like Luna Classic.

The total tax is much higher at 14%. From that 14%, 8% is rewarded to all EverGrow holders in Binance USD (over $38 million paid to date) and a further 2% is used to burn supply.

But despite the high tax, in the last year EverGrow burned 2.5% of its original supply.

At the current burn rate EverGrow is set to burn to $1 in the next 20 years. The market cap is just $50 million right now, but the burn address contains 54% of supply already. The price of EverGrow is just $0.0000001 right now so even reaching a price of $0.01 is a 9,999,900% gain – enough to turn $10 into $1 million. 

Read more about EverGrow: https://evergrowegc.com/

EverGrow token burning about to heat up

To fund even more token burning, EverGrow has created a token-burning ecosystem.

A brand-new multichain NFT marketplace launched in September (LunaSky) and raised more than $250,000 from fees, commissions and sales of EverGrow NFT collections. But guess what? A full 100% of revenue from LunaSky will be automated for buying back and burning EverGrow.

The capital is about to be deployed for daily burns throughout the rest of 2022. By the end of the year, this small cap cryptocurrency with a bright future could already be worth a lot more. When the next application drops – a social media app with built-in crypto subscription payments and tips – this will create another revenue stream from EverGrow burning.

Read more about EverGrow: https://evergrowegc.com/