Abstract
With celebrities like Elon Musk drawing new attention to blockchains, the time for bringing this emerging technology to
the masses draws near. For this reason, Dogecoin and other highly accessible cryptocurrencies have entered the mainstream. The growing Dogecoin family represents the dawn of a new era in crypto in which…
However, the Dogecoin network cannot support mass adoption and will likely buckle under the weight of billions of people using it as a payment network. While the attention drawn to
the cryptocurrency industry provides new promise for mass adoption, many individuals are left with a bad experience due to
incapable in…
LunaChow is the first cryptocurrency built not only for the masses but by the masses. With an unprecedented burn schedule, the LunaChow model empowers users with the
ability to easily transact in the network’s native token while also benefiting holders over the long term. By partnering with existing industry payment provi…
Industry Challenges
Global interest in cryptocurrency skyrocketed throughout the first half of 2021.
Thankfully, the maturity of blockchain technology now presents willing participants with much
more functional nuance than ever before. Nevertheless, both veteran and amateur industry participants
still grapple with significant industry inefficiencies.Since many of the most popular blockchain projects
have roots that reach back for several years, the core functionality of these projects grows increasingly
dated as time passes. While the importance of networks like Bitcoin and Ethereum cannot be
overstated, less functional, dated projects like Bitcoin Cash and Litecoin still retain some of
the top ranks in the industry. The Bitconnect debacle of 2017 demonstrates that some shady projects can persist in a seemingly indefinite manner before blowing up and unfortunately sinking countless individual savings along with it. There exists a significant need to protect new users from these dubious actors lest the entire crypto industry receives a reputation as fundamentally unreliable. In addition to outright scammers, unfair launches hamper blockchain’s ability to facilitate financial inclusion. Many new…
Additionally, many of the projects, inspired by Elon Musk’s recent entrance
into the industry, fail to sustain their ecosystems for the long term adequately.
While any investment vehicle entails some level of financial risk, the sheer lack of
sustainable functionality of many of these projects results in new market entrants
having a bad experience with blockchain overall. With many major crypto
projects offering comparatively s…
The Lunachow Difference
Growing Family And Name
The creators of LunaChow and through the thoughtful tokenomics and incentive structures demonstrate to newcomers that while celebrities might flip-flop on their endorsement of the Dogecoin family, there remains a strength in numbers! Named for the famed dog breed of Northern China, the chow chow exists as
one of the most recognizable and lovabl…
Network Selection And Good Faith
To ensure that the LunaChow network does not experience any negative impact arising from necessary chain migration, the team selected Ethereum as the most reliable and proven network on the market today. As cross-chain swaps and interoperability continue to serve as the primary concerns for all blockchains in
the ecosystem, we have successfully…
Partnerships And Fees
Astute readers of this paper may well wonder why LunaChow selected the Ethereum network despite the currently high gas fees associated with the ecosystem. In addition to the previously
mentioned proven network functionality, significant layer two solutions have started to ease the cos…
By partnering with existing payment providers, LunaChow empowers our users with both ultra-low transaction fees and
the security of the world’s second-largest crypto. Rather than deal with long wait times for block confirmation or struggle with difficult user interfaces, LunaChow user…
In addition to point-of-sale functionality, LunaChow’s emerging partnerships allow network users to schedule payments in
advance. Partnering with third-party payment providers allows LunaChow to enjoy the best of both worlds in terms of payment scheduling and decentralized architectur…
Tokenomics
LunaChow’s tokenomic structure stands as one of the most defining elements of the project. After undertaking an extensive analysis of the existing burn structure on the market, the team concluded that the right approach is, burn now, not later. To put it simply, the value of a token burn accrues in the token market price more rapidly than the burn itself occurs. Users understand that a burn event will naturally increase the price of the token when that burn occurs. Therefore, as that point approaches, the price reflects this upcoming burn. Subsequently, the token price falls slightly after the burn due to the price discovery associated with the expected price impact of the burn versus the actual price impact.
As a result, we came to establish our burn schedule: 99.9% of LunaChow are burned upon project launch. The results of this intense burn schedule allow the value of the initial burn to inject an elevated value to token holders immediately. Rather than spreading the burn mechanism over a longer period, forcing users to deal with esoteric forward pricing mechanisms and a high likelihood of market uncertainty, LunaChow delivers the latent value of a burn schedule to our users al…
Sale Parameters
The LunaChow team also stands on our core value of transparency. Therefore,
the team opted to forego any traditional private sale and public sale allocation
model and every single LunaChow token is released via an open public sale. This
configuration stands in stark contrast to the currently popular model of allocating
a significant portion of outstanding t…
Liquidity
The unique burn mechanism used by LunaChow provides an additional benefit
of serving as an unprecedentedly deep pool of liquidity at the initial launch of the
protocol. Though no single user will have access to the private key where the
tokens are sent, tokens interact with a smart contract upon burning, allocating
this supermajority of the supply as liquid…
Community And Charity
With the large amounts of capital flowing through the crypto industry, teams can easily lose track of the most important aspect of any project: the community. However, the LunaChow team cherishes our community and seeks to ensure that each stage of the protocol rollout process is carefully considered. As a result,
throughout the first few years, the project will opt for community governance via round table talks using existing communication channels rather than a decentralized autonomous organization (DAOs). This was not an easy decision to come to, but if the burned tokens unintentionally retain voting power within a
DAO, the remaining 0.1 percent of unburned tokens will not be enough to enact a proposal.
Additionally, the LunaChow team realizes that willing participants may not have sufficient access to the essential resources. Thus, they came up with a solution; a portion of token sale proceeds is dedicated to social good, focusing primarily on financial inclusion and education for marginalized children in the developing world. Not only this, but also 10% of the proceeds of LunaChow’s lottery will also go to charity. However, LunaChow’s giving back to the community does not…
Connecting Old And New
The LunaChow team understands that change comes slowly. Rather than basing the LunaChow protocol functionality on a hopeful future, the team focuses on ensuring a fiat portal for LunaChow tokens, maximizing their financial applicability for users globally. When taken in conjunction with the LunaChow bill pay feature, the network serves as the first cryptocurrency network to boats global applicability with the same core features as existing traditional financial tools. Users of the LunaChow network don’t even need to know they’re using a cryptocurrency when interacting with the network – the seamless nature of the applications and user interface allows anyone to utilize blockchain technology for day-to-day payments.
Our Roadmap
01
Phase 1
LunaChow Mainnet Launch
Website Release
Whitepaper Release
99.9% Token Burn Event
02
Phase 2
CoinGecko Listing
CoinMarketCap Listing
Charity Drive Launch
Social Media Campaign
03
Phase 3
Smart Contract Audit
Website Redesign
NFT Minting & Marketplace
Merch Store
LunaChow Staking
Payment System Partnership (CoinPayments)
04
Phase 4
Global Multimedia Marketing/Campaign
Exchange Development (Stage I)
Unified Multimodal Wallet (Stage I)
Decentralized Freelancer Ecosystem
Our Roadmap
Phase 1
LunaChow Mainnet Launch
Website Release
Whitepaper Release
99.9% Token Burn Event
Phase 2
CoinGecko Listing
CoinMarketCap Listing
Charity Drive Launch
Social Media Campaign
Phase 3
Smart Contract Audit
Website Redesign
NFT Minting & Marketplace
Merch Store
LunaChow Staking
Payment System Partnership (CoinPayments)
Phase 4
Global Multimedia Marketing/Campaign
Exchange Development (Stage I)
Unified Multimodal Wallet (Stage I)
Decentralized Freelancer Ecosystem
Conclusion
The world stands ready for a new form of decentralized payment network. The
LunaChow network serves as the perfect ecosystem for new crypto users who
want to avoid scams, shady projects, and potential loss of funds due to malicious
or poorly designed contracts. Our thoughtful tokenomics also protect users as
much as possible from loss of princ…
As the crypto industry continues to grow, the demand for a turnkey, decentralized
payment network grows in tandem. By selecting the Ethereum network as our
network of choice, the LunaChow team demonstrates our commitment to the
project’s long-term success. As the second-largest crypto network in existence,
the Ethereum network has stood the te…
The future remains bright as the adoption of decentralized networks continues
to accelerate. LunaChow helps move the needle of adoption that much further
by presenting an easily accessible payment network to a global audience with
functionality nearly identical to that of centralized financial tools. We’re incredibly
excited and humbled to be…
LUCHOW is a decentralized digital currency that can be used as a medium of exchange or to facilitate a trade. It is a borderless democratic form of digital token