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76 Billion LUNC Tokens Are Destroyed in the Classic Terra Luna Community
As crypto exchanges, validators, projects, and members continue to burn $LUNC , the total amount of Terra Luna Classic burned has already reached 76 billion LUNC.
Since May 18, 2022, the Terra Luna Classic community has burnt a cumulative total of 76 billion LUNC, marking a significant milestone in the ongoing endeavour to lower the circulating quantity of LUNC. Over half of all #LUNC have been destroyed by the largest cryptocurrency exchange in the world, #Binance , which has burned nearly 38.81 billion LUNC.
There are now 5.80 trillion LUNC tokens in circulation, with a maximum supply of 6.83 trillion LUNC. The LUNC burn rate may be increased, but only if the community works to improve its utility.
The Classic Burn on Terra Luna Reaches the 76 Billion Mark
The 76 billionth LUNC was burned as part of the Terra Luna Classic burn campaign by cryptocurrency exchanges, validators, initiatives, and members. Binance sends billions of LUNC to the burn address every month as part of the LUNC burn mechanism, and the community burns an average of 400 million LUNC every week.
During the 14th batch of the LUNC burn mechanism on October 1, Binance destroyed approximately 1 billion LUNC tokens, bringing the total number of LUNC tokens destroyed by the cryptocurrency exchange to over 38.81 billion.
In Q4, the Terra Classic L1 Task Force (L1TF) developer group and the Quant USTC repeg team will be concentrating on decreasing the supply of LUNC and USTC in circulation. Developers are collaborating with markets in an effort to successfully repeg USTC to $1.
Meanwhile, the Terra Luna Classic community now possesses the Galaxy Station wallet and the Galaxy Finder blockchain explorer, both of which are controlled by the community collectively.
Both LUNC and USTC In a Tight Spot
Over the past day, the price of LUNC has dropped 3%, to where it is now at $0.000056. The low for the last 24 hours is $0.0000556, and the high is $0.0000583. Last week, Terra Luna Classic's price went below the $0.000060 support level and continued its downward trend due to widespread unpredictability.
In the meantime, the price of #USTC has fallen to $0.011, a decrease of almost 4% in the last day and over 12% in the past week. In addition, trade volume has dropped drastically during the past day.
Since May 18, 2022, the Terra Luna Classic community has burnt a cumulative total of 76 billion LUNC, marking a significant milestone in the ongoing endeavour to lower the circulating quantity of LUNC. Over half of all #LUNC have been destroyed by the largest cryptocurrency exchange in the world, #Binance , which has burned nearly 38.81 billion LUNC.
There are now 5.80 trillion LUNC tokens in circulation, with a maximum supply of 6.83 trillion LUNC. The LUNC burn rate may be increased, but only if the community works to improve its utility.
The Classic Burn on Terra Luna Reaches the 76 Billion Mark
The 76 billionth LUNC was burned as part of the Terra Luna Classic burn campaign by cryptocurrency exchanges, validators, initiatives, and members. Binance sends billions of LUNC to the burn address every month as part of the LUNC burn mechanism, and the community burns an average of 400 million LUNC every week.
During the 14th batch of the LUNC burn mechanism on October 1, Binance destroyed approximately 1 billion LUNC tokens, bringing the total number of LUNC tokens destroyed by the cryptocurrency exchange to over 38.81 billion.
In Q4, the Terra Classic L1 Task Force (L1TF) developer group and the Quant USTC repeg team will be concentrating on decreasing the supply of LUNC and USTC in circulation. Developers are collaborating with markets in an effort to successfully repeg USTC to $1.
Meanwhile, the Terra Luna Classic community now possesses the Galaxy Station wallet and the Galaxy Finder blockchain explorer, both of which are controlled by the community collectively.
Both LUNC and USTC In a Tight Spot
Over the past day, the price of LUNC has dropped 3%, to where it is now at $0.000056. The low for the last 24 hours is $0.0000556, and the high is $0.0000583. Last week, Terra Luna Classic's price went below the $0.000060 support level and continued its downward trend due to widespread unpredictability.
In the meantime, the price of #USTC has fallen to $0.011, a decrease of almost 4% in the last day and over 12% in the past week. In addition, trade volume has dropped drastically during the past day.
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