ICO Luna Red Classic

Luna Red Classic $LRC is a brand new reflection protocol on the Binance Smart Chain. This contract will have unique features and will be the first of its kind to introduce reflections to holders with absolutely ZERO taxes and being deflationary. The Luna Red Classic Protocol is based on a token with passive yield mechanics that do not stem from transfer taxes.

Instead, the passive yields come from supply expansion from new buy orders (which represent organic demand for the token). As a Luna Red Classic holder, you passively earn more tokens for every new buy order placed for $LRC. Your rewards are instantly "delivered" into your wallet after each new buy.

There is never any tax when buying or transferring between wallets!

The contract will have a unique triggerable community torch. This burn function can be called by anyone from the community. Once a community member lights the torch, the contract automatically burns 1% (% is flexible & can be adjusted accordingly to the chart) of the total liquidity pool. The member that calls this function will be rewarded 1% of the amount that is burnt. The frequency of which this function can be called will be flexible and will change up on the conditions of the chart and the amount of the total supply.

Burning the supply of $LRC raises the price floor. Contrary to many mining or staking projects that burn tokens from what they hold outside liquidity, which has no impact on price, our project burns directly from liquidity which results in a raised price. We burn these coins by sending them out of existence; they are not sent to burn wallet of any kind.