Apologies for having to delay the VC this evenings for 24hrs. We are still waiting on some information to become available.

03 Jul 2023, 18:53

Apologies for having to delay the VC this evenings for 24hrs. We are still waiting on some information to become available. I have taken the time to answer some of the questions that have come up recently, so as to not leave you hanging until tomorrow with nothing. There have been many questions regarding the Dex and the Wallet. So, just to clarify the utility is finished and has been paid for in full. A period on the TestNet and an audit would still be required to officially launch. The nature of the utility would require a comprehensive audit (possibly Certik) along with a fully functioning team that would need to be fully doxxed and KYC’d. Launching would require a fair amount of marketing and an increase in the holder count to even attempt it, and of course the funds to maintain the utility covering all aspects of security and daily backend support. Certik Audit regarding the Utility and of our BSC contract will obviously be costly. This also brings up another issue regarding our current BSC contract. As it stands with the current coding errors it would not pass and therefor would require us to migrate to a new contract without issues that would affect the audit. The Bridge as it stands can be put into place at a cost to the project of $10K along with a minimum of 3-4B BSC tokens. The association that Lunatics has had with Lunc and its community, and opinions may differ on this. But, from the stand point of the team, is that from the out set the hype around the initial launch was great and definitely was positive despite some initial resistance. But, unfortunately that’s where the positive ends. Despite all our efforts, the Lunc Community never really welcomed us or had anything positive to say. In fact for a long period we were under attack from them. The association of the Lunatics name to Lunc has had a detrimental affect in our progress for a while now and none more than during the marketing of the ETH launch. That being said our intentions were always good, but as Lunatics attempted to grow into much more than a meme with the development of our utility it’s been something we have tried to move away from. The Team has been through a lot over the past year, there have been a lot of up’s and downs, tears, laughter and a lot of stress. A few of the team members are no longer with us due to difference amongst us and some due to more personal reasons of health and family. The whole team has worked tirelessly for a year in the hope of building a good project. It has not been easy and we are not perfect and I am sure mistakes have been made along the way. With more changes imminent having a fully functioning team will have a huge impact on the future direction taken. As its stands the project has locked LP in 2 failed ETH launches and holding funds of around $30k, along with treasury tokens. With a huge amount spent on those failed launches and the monthly burn rate of the project, not taking into account delayed payments for some full time members. The ETH launches rather than being the catalyst for a fresh wave of excitement in the project has in fact hindered our progress. This has caused a number of issues for us, as you can imagine. Along with having funds locked away for a year. We have still managed to pay for all the utility but still face huge costs. Hence the time taken to try and navigate the next possible move for Lunatics. There have been questions regarding Private holders and some recent selling. What I can say the private holders in this project were solid. Unfortunately more recently the cracks started to appear in their support and that was instigated by the selling of some team members. At which point there is nothing I can say on the matter. I thank them for their support and everyone, no mater who it is, is free to sell whenever the wish to do so.

Same news in other sources

LunaticsLUNAT #9070

04 Jul 2023, 23:22

i've prepared some polls, at least it will give a little indication on what the group thinks about the project at all

i've prepared some polls, at least it will give a little indication on what the group thinks about the project at all.

i've prepared some polls, at least it will give a little indication on what the group thinks about the project at all

LunaticsLUNAT #9070

04 Jul 2023, 16:55

Team Statement There has been a lot of talk lately about Lunatics and its future. To even attempt a revival of this project was already a huge task, compounded by a small section of the community and their latest witch hunt on some of the remaining members, we feel that it has made the task impossible. Well, at least for the team that remains. There will be no VC today and any serious questions regarding the plans below will be dealt with over the coming weeks. Personally I only see it going one way if it was to go ahead, especially after the conversations had over the past few days. So I would rather not encourage people and just get on with the task ahead. Others may disagree and feel the VC should still go ahead, but our decision has been made and everything you need to know is below. A real plan was discussed for a few weeks, which would have meant months of work, just in preparation. A plan consisting of relaunch and rebrand, detaching ourselves from the association with LUNC. Fixing all contract issues on both networks. Creating a separate ecosystem token for the DEX allowing us to raise the fund to market, audit and maintain. But, unfortunately the goings on of the past weeks on an already demoralised team, has taken its toll. We, as team have come to the conclusion that we are no longer able to carry on with Lunatics. Personal attacks aside, the time and financial sacrifice and the pressure of delivering is something we can no longer give or deal with. There are many good people here, within the community that have given their support with their time and money. We all feel terribly disappointed we could not finish the journey as planned, for them. I am sure there will be people that feel we have let them down, and we can only apologise for that. But I can assure you the whole team from the beginning have worked tirelessly with the best of intentions and the whole team from the very start can hold their heads up and be proud of what we achieved in the space with Lunatics. Although we know its not,this does now feel like a bit of a failure. We have all tried to navigate Lunatics through this space as best we could. I think we can all hold our hands up and say we have made a few mistakes along the way. Have we been scammed a few times? YES! In hindsight would have done some things differently? 100%. But, hindsight is a wonderful thing. Any questions regarding project funds, I only have one answer and will not entertain any other narrative. All funds have been spent on the project whether it be marketing good or bad, chart support, CEX, market making, LP top up’s, treasury tokens, launches, a multitude daily running expenses and with out doubt some costly mistakes (ie. ETH launches and contract issues). Period. Over the coming month the team will do its best to transition Lunatics into its next phase. Project as it currently functions will be closing down but will still be live and tradable. • Contracts on both ETH & BSC will be renounced. • LP ownership of both ETH & BSC will be transferred to the dead wallet. • Tax structure can be decided before renouncing. If community does want run project with a team and wants merge ETH holders into BSC we can do that before renouncing etc • All Lunatics socials will be maintained as is. If the community would like to take the socials over and a responsible team has been selected, a hand over of the socials can be arranged. • Any current outstanding debts/invoices will be settled and the project will move forward free of debt. • Lunc validator will be closed down. • Reason for delay yesterday and before any decision was taken, was down to waiting on information regarding staking. Whatever decision was to be taken we wanted to see if it was possible to terminate staking allowing everyone to access their tokens. Unfortunately V1 staking will only unlock on each contracts due date. V2 can be withdrawn, using the emergency with draw function.

Team Statement. There has been a lot of talk lately about Lunatics and its future.

KEKKEKE #1735

03 Jul 2023, 19:07

🕯 We are getting listed on INDOEX next week 🕯

We are getting listed on INDOEX next week.

🕯 We are getting listed on INDOEX next week 🕯 https://m.indoex.io