Terra Classic (LUNC) is expected to burn 2.5 trillion tokens through a collaborative initiative involving the Lithosphere blockchain and its developer, KaJ Labs. This effort is being integrated into a play-to-earn (P2E) gaming ecosystem, specifically through the "Finesse" game series, starting from October 2023. The burning mechanism will be embedded within the gameplay, accelerating the reduction of LUNC's supply.
Additionally, various crypto exchanges like Binance, KuCoin, and others have been supporting a burn mechanism through a 1.2% tax on transactions. This combined effort from both gaming and exchange activities aims to significantly lower LUNC's supply and stabilize its price.
