LUNC Community’s Ongoing Efforts
Earlier, CNF reported that the total LUNC burned has surpassed 113.71 billion. This latest burn by Binance means that the total LUNC tokens burned by the Terra Luna Classic community has now gone past the 113.71 billion mark. Of this total, Binance users contributed a large share, responsible for about 51.9% of the overall tokens that have been burned by the community.
The continued burning of the token supply by the exchange aligns with the goal of fostering the development and stability of Terra Luna Classic. At the time of writing, Terra (LUNA) is priced at $0.4268, reflecting an increase of 4.41% in the past day and 3.01% in the past week. See the price chart of LUNA below.
The community’s decision underscores a cautious approach towards enhancing network decentralization, ensuring the readiness and stability of Terra Luna Classic.
