LUNACHOW
Memecoins growth and widespread popularity is a testament to how much a committed community can make a cryptocurrency project thrive, whether it was started as a joke or not, what matters is that there are people who believe in the project and its vision, and are willing to stick with the project through thick and thin. And if a celebrity like Elon Musk endorses you, then you sure have nothing to worry about because more people will also buy into the project’s vision.
This is the story of dogecoin, the first memecoin in the cryptocurrency space. However, as the world of cryptocurrency and blockchain technology evolves, there is a need for projects to evolve with the needs of the people and the technology in demand.
As popular as dogecoin is, however, the intention behind its creation means that the possibility of the coin buckling under the pressure of mass adoption and usage is there. The growing community nonetheless, cryptocurrency projects should be built with a community in mind, and ways to improve that community.
That is why LunaChow was developed.
Not a direct rivalry to Dogecoin or any memecoin, lunaChow combines a thriving and committed community with a project goal, one that is designed for the people by the people. Does that sound democratic?
Definitely.
LunaChow is determined to give community members an energy-efficient, community-governed token that is designed to stand the test of time.
Now, unlike other tokens, LunaChow have carried out extensive research and have realized the plethora of challenges the cryptocurrency space is dealing with. These problems range from incessant burning of tokens, faulty tokenomics, presale and many more. LunaChow’s team have therefore designed LunaChow to solve some of the problems while working nonstop to solve many more of the problems faced in the cryptocurrency space.
The solutions that LunaChow offers are:
· Great user interfaces that allow users carry out transactions easily: One of the major drawbacks of some old cryptocurrencies and the platforms they’re built on is poor user interface. One coin that readily comes to mind when we talk about poor user interface is Litecoin. While the user interface might not be so big of a deal, it slows down how well people use the currency and how fast they learn to use it. Lunachow has a user-friendly interface.
· Thriving Community: The name Chow is derived from the northern China dog breed Chow. Chow is a friendly dog that is loved by many Chinese. Drawing inspiration from that, the LunaChow community is built on excellence, transparency, friendliness, commitment and collaboration. Because we know that having a community that believes and trusts you is key to any crypto project, the LunaChow community is designed to be community-run and not ‘a few persons deciding for all’.
· Great Network and Good faith: LunaChow chose the Ethereum network because of how long it has been and how much the team behind Ethereum works tirelessly to improve the network. While we understand that gas fees on the Ethereum network are high, we also know that the team is working to move Ethereum to a new mainnet, and the new layer two scaling means these gas fees will reduce significantly over the coming months. Also, in good faith, LunaChow sent 1 billion tokens to Vitalik Buterin, co-founder of Ethereum. This move was done to appreciate Buterin’s work with Ethereum.
· Great Tokenomics: In the past, and even now, many tokens are shared, what is called Presale, to selected few persons. These private presales unbalance the idea of a decentralized system that gives opportunity to all. To change that, at LunaChow, we have a public sale that involves everyone and not just a few rich persons. We also understand, based on our research, that token burning has been used by shareholders of tokens with a lot of the token to manipulate the price of these tokens in the market. Because we want to avoid giving unfair advantage to anyone, we have decided that 99.9% of all LunaChow tokens will be burnt once and not intermittently.
CONCLUSION: The LunaChow project was designed for the people and by the people, therefore, a Decentralized Autonomous Organization (DAO) will be put in place to be in charge of community governance.
P.S: This is a sponsored article written for a bounty reward.
BountyOx username: Faithinme
LunaChow Whitepaper: https://lunachow.com/whitepaper/