Luna Red Classic (LRC)

About Luna Red Classic

Luna Red Classic $LRC is a brand new mirroring protocol on Binance Smart Chain. This contract will have unique features and will be the first of its kind to offer repercussions to its holders with absolutely ZERO taxes and being deflationary. The Luna Red Classic Protocol is based on a token with passive yield mechanics not caused by transfer taxes.

Instead, passive returns come from supply expansion from new buy orders (representing organic demand for the token). As a Luna Red Classic owner, you passively earn more coins for each new purchase order you place for $LRC. Your rewards are instantly “delivered” to your wallet after each new purchase.

There are never taxes when shopping or transferring between wallets!

The contract will feature a unique triggerable community torch. This burning function can be called by anyone in the community. When a community member lights the torch, the contract automatically lights 1% of the total liquidity pool (it is flexible and can be adjusted according to the chart). The member who calls this function will be rewarded with 1% of the amount burned. The frequency at which this function can be called will be flexible and will vary according to the conditions of the chart and the total supply.

Burning the supply of $LRC raises the price floor. Unlike many mining or staking projects that burn tokens because they are kept out of liquidity and have no impact on the price, our project burns directly out of liquidity, causing the price to rise. We destroy and burn these coins; they are not sent to burn wallets of any kind.