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The Background Binance announced in 2022 that it would undergo major changes by burning $LUNC trading fees as part of its continued contribution to the drastic reduction of supply. This implied that 50% of the LUNC spot and margin trading fees would be burnt instead of 100%. In addition to that, it announced that the sending of the #LUNC✅ trading fee burn contribution would be delayed until March 1, 2023 to be excluded from being re-minted. One observation was that Binance frequently burned #TerraLunaClassic tokens on the first day of every month. However, this pattern suddenly changed as the #exchange burned the token six times this month. In its recent 25th batch of burn mechanisms reported by CNF, Binance burned 1.19 billion LUNC tokens with $97,229.23 in trading fees between July 31 and August 29. In addition to the main burn, Binance has burned 199,389 LUNC #tokens in five separate transactions until now. This has bred speculations that the burn mechanism formerly instituted by the exchange has been reversed. Following this report, LUNC surged by 3% in 24 hours but soon flipped to the negative side of the price curve as it fell by 0.35% at press time. Currently, the asset is trading at $0.000085. #BinanceLaunchpoolHMSTR {spot}(LUNCUSDT)
The Background

Binance announced in 2022 that it would undergo major changes by burning $LUNC trading fees as part of its continued contribution to the drastic reduction of supply. This implied that 50% of the LUNC spot and margin trading fees would be burnt instead of 100%. In addition to that, it announced that the sending of the #LUNC✅ trading fee burn contribution would be delayed until March 1, 2023 to be excluded from being re-minted.

One observation was that Binance frequently burned #TerraLunaClassic tokens on the first day of every month. However, this pattern suddenly changed as the #exchange burned the token six times this month.

In its recent 25th batch of burn mechanisms reported by CNF, Binance burned 1.19 billion LUNC tokens with $97,229.23 in trading fees between July 31 and August 29. In addition to the main burn, Binance has burned 199,389 LUNC #tokens in five separate transactions until now. This has bred speculations that the burn mechanism formerly instituted by the exchange has been reversed.

Following this report, LUNC surged by 3% in 24 hours but soon flipped to the negative side of the price curve as it fell by 0.35% at press time. Currently, the asset is trading at $0.000085.
#BinanceLaunchpoolHMSTR
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🐈 Catizen: Second Try and a Pool of 10 Million $CATI ($6.4 Million) Last night was sizzling for #catizen , as expected, they announced their second airdrop! This time, there’s a rewards pool of 10 million CATI plus the upcoming #tokens $BOMBIE and $CONE. They’re enticing everyone to play in their game center. What do you need to participate? Just hold an Airdrop Pass (which you can get for free in the game) or an Airdrop Premium Pass (costing $42, which promises more rewards — you can buy it with ⭐️ or CATI). What to do: • Head to the game center [ https://t.me/catizenbot/gamecenter?startapp=p_6146851 ] and look for the “Earn” menu  • Click on “Task” and complete as many tasks as possible  • Don’t forget to check in daily and open boxes  • Play #Bombie and Vanila to boost your mood and rewards  Decide for yourself whether to keep playing or skip it!  🔥- I’ll be playing  👀- I’ve had enough #BinanceLaunchpoolHMSTR #moonbix {spot}(CATIUSDT)
🐈 Catizen: Second Try and a Pool of 10 Million $CATI ($6.4 Million)

Last night was sizzling for #catizen , as expected, they announced their second airdrop! This time, there’s a rewards pool of 10 million CATI plus the upcoming #tokens $BOMBIE and $CONE. They’re enticing everyone to play in their game center.

What do you need to participate? Just hold an Airdrop Pass (which you can get for free in the game) or an Airdrop Premium Pass (costing $42, which promises more rewards — you can buy it with ⭐️ or CATI).

What to do:

• Head to the game center [ https://t.me/catizenbot/gamecenter?startapp=p_6146851 ] and look for the “Earn” menu 
• Click on “Task” and complete as many tasks as possible 
• Don’t forget to check in daily and open boxes 
• Play #Bombie and Vanila to boost your mood and rewards 

Decide for yourself whether to keep playing or skip it! 
🔥- I’ll be playing 
👀- I’ve had enough
#BinanceLaunchpoolHMSTR #moonbix
These Memecoins Saw More Than 40% Increase in Volume in the Last Few Days: Has Memecoin-Mania RevampStory Highlights Dogecoin, Shiba Inu & Pepe tokens have been witnessing a rise in volume, which has surged above a billion at the moment While DOGE & SHIB remain consolidated, PEPE along with this memecoin, are trying to hold the prevailing bullish trend #Memecoins🤑🤑 have attracted massive volume in the past few days, which has soared from levels around $4 billion to close to $8 billion at the moment. The sudden rise in the levels does suggest a potential shift of focus of the traders back to over the memecoins. Interestingly, the top 2 memecoins, Dogecoin & #ShibaInu: , which were stuck up in a narrow range, have triggered a massive run. Besides, the other popular tokens, like PEPE & BONK, are surging finely, and others are experiencing huge pullbacks.  Will the #pepe⚡ & $BONK {spot}(BONKUSDT) price rally keep up the hopes for a memecoin mania?  The $PEPE {spot}(PEPEUSDT) price rebounded from the local bottom a few days before and surged high to enter a pivotal resistance zone between $0.00001079 and $0.00001106. The traders expect a breakout from the range, while the trade setup suggests a minor pullback.  The price has entered an important zone but may soon drop back below $0.00001 as the RSI has entered the overbought zone and may experience a pullback. It has reached these levels for the first time since May and hence the bears are expected to be extremely vigilant at these levels. However, the bullish pressure has mounted, which may prevent excessive loss and trigger a strong rebound in time.  Besides, the BONK and $WIF {future}(WIFUSDT) prices are facing equal bullish and bearish pressure as they have formed a Doji candle. The volume has dropped significantly with both the #tokens , which suggests the selling volume may not be strong enough to initiate a pullback. However, the market dynamics have changed to a large extent, and the prices of these popular memecoins are expected to rebound very soon.  #BinanceLaunchpoolHMSTR

These Memecoins Saw More Than 40% Increase in Volume in the Last Few Days: Has Memecoin-Mania Revamp

Story Highlights
Dogecoin, Shiba Inu & Pepe tokens have been witnessing a rise in volume, which has surged above a billion at the moment
While DOGE & SHIB remain consolidated, PEPE along with this memecoin, are trying to hold the prevailing bullish trend
#Memecoins🤑🤑 have attracted massive volume in the past few days, which has soared from levels around $4 billion to close to $8 billion at the moment. The sudden rise in the levels does suggest a potential shift of focus of the traders back to over the memecoins. Interestingly, the top 2 memecoins, Dogecoin & #ShibaInu: , which were stuck up in a narrow range, have triggered a massive run. Besides, the other popular tokens, like PEPE & BONK, are surging finely, and others are experiencing huge pullbacks. 
Will the #pepe⚡ & $BONK
price rally keep up the hopes for a memecoin mania? 
The $PEPE
price rebounded from the local bottom a few days before and surged high to enter a pivotal resistance zone between $0.00001079 and $0.00001106. The traders expect a breakout from the range, while the trade setup suggests a minor pullback. 

The price has entered an important zone but may soon drop back below $0.00001 as the RSI has entered the overbought zone and may experience a pullback. It has reached these levels for the first time since May and hence the bears are expected to be extremely vigilant at these levels. However, the bullish pressure has mounted, which may prevent excessive loss and trigger a strong rebound in time. 
Besides, the BONK and $WIF
prices are facing equal bullish and bearish pressure as they have formed a Doji candle. The volume has dropped significantly with both the #tokens , which suggests the selling volume may not be strong enough to initiate a pullback. However, the market dynamics have changed to a large extent, and the prices of these popular memecoins are expected to rebound very soon. 
#BinanceLaunchpoolHMSTR
GA, frens! 👋 As the #listing date on the #exchanges has been confirmed, we are extending the #Presale until September 30. 📈 Presale participants will receive their #tokens before anyone else. 🥇 The airdrop for clickers and miners will take place in October and November, according to the leagues. 🪙 A giveaway of $1,000,000 in $MEME for presale participants will be held on October 1. 🎁🐸 https://t.me/metaland_bot/click?startapp=5228494002 #BinanceLaunchpoolHMSTR
GA, frens! 👋

As the #listing date on the #exchanges has been confirmed, we are extending the #Presale until September 30. 📈

Presale participants will receive their #tokens before anyone else. 🥇

The airdrop for clickers and miners will take place in October and November, according to the leagues. 🪙

A giveaway of $1,000,000 in $MEME for presale participants will be held on October 1. 🎁🐸
https://t.me/metaland_bot/click?startapp=5228494002
#BinanceLaunchpoolHMSTR
#HamsterKombat 🐹, as analysts predicted, did not bring the expected profits after four months of fan efforts. But we want to remind you that at #TONX Pools 💰, you can always earn even without #investments ! 🎁 We give you 1 $TON for subscribing to our channel and chat. 👥 Earn up to 104 $NOT for every active friend! ✅ In the TonX 📋 section, you'll find tasks that allow you to earn even more TonX #tokens . 💸 And all this is available right now! ⏰ Don’t waste your time — choose the right opportunities for earning. 💪 Join us and start earning today! 🚀 Best regards, The TonXPools Team https://t.me/tonxpools_bot/start?startapp=upid5228494002 #BinanceLaunchpoolHMSTR {spot}(TONUSDT) {spot}(NOTUSDT)
#HamsterKombat 🐹, as analysts predicted, did not bring the expected profits after four months of fan efforts.

But we want to remind you that at #TONX Pools 💰, you can always earn even without #investments !

🎁 We give you 1 $TON for subscribing to our channel and chat.
👥 Earn up to 104 $NOT for every active friend!
✅ In the TonX 📋 section, you'll find tasks that allow you to earn even more TonX #tokens . 💸

And all this is available right now! ⏰ Don’t waste your time — choose the right opportunities for earning.

💪 Join us and start earning today! 🚀

Best regards, The TonXPools Team

https://t.me/tonxpools_bot/start?startapp=upid5228494002

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@CryptoDiffer #visa  has rolled out the Visa Tokenized Asset Platform (#VTAP ) VTAP enables the development of fiat-backed #tokens powered by smart contracts. Spanish bank #BBVA will become the first financial institution to use the platform.
@CryptoDiffer

#visa  has rolled out the Visa Tokenized Asset Platform (#VTAP )

VTAP enables the development of fiat-backed #tokens powered by smart contracts. Spanish bank #BBVA will become the first financial institution to use the platform.
Hamster Kombat reveals plans for 2025 in new roadmapHamster Kombat announced that it plans to buy back #tokens and distribute them to players regularly.  Follow me for more; The popular #Telegram clicker game #HamsterKombat has announced its plans for the rest of 2024 and into 2025, including the launch of a Web3 gaming platform to expand its game offerings. On Sept. 25, the team behind the Web3 game revealed a new roadmap, detailing its plans for the last quarter of 2024 and 2025. Hamster Kombat said that its remaining plans for 2024 include integrating external payment systems, launching new games within the Hamster ecosystem and integrating non-fungible tokens (NFTs) as in-game assets.  The Hamster Kombat team said it’s in a “unique position” because it has players and industry developers to create a Web3 gaming platform. The team also said that it has the technology and experience that make things easier for game developers.  After its first release, Hamster Kombat quickly attracted millions of gamers. The clicker game went viral, attracting 239 million users in its first 81 days. Since then, the game has already onboarded over 300 million users.  Hamster Kombat’s road map for the fourth quarter of 2024. Source: Hamster Kombat How #Hamster Kombat will keep users engaged post-airdrop On Sept. 23, the Hamster Kombat team revealed the allocations for its much-anticipated airdrop event. Out of its 300 million users, only 131 million are eligible to receive their airdrop. This represents only 43% of its total users. Hamster Kombat also highlighted that it had banned 2.3 million users from the game for using cheats. One of the challenges for Web3 games is keeping users engaged after airdrops. However, the team behind Hamster Kombat said that it has strategies in place for user retention. The team told Cointelegraph that the value of the tokens distributed to users post-airdrop may be worth more. The team said:  “11.25% of tokens distributed after Season 1 will be vested and unlocked 10 months after the listing. Given the project’s rapid development, the value of these tokens can be comparable to the initial unlock.” The team also said it would focus on the value proposition related to games within its ecosystem and not just earnings. “This approach is different from the traditional one, where Web3 developers are paying airdrop hunters,” they added.  The team said they plan to onboard more players by combining the best of Web2 and Web3 and creating engaging content. Hamster Kombat plans token buyback and burning According to the Hamster Kombat team, the company will launch a dedicated advertising network that will be used by games in the Hamster ecosystem. The roadmap noted that this will be released in December 2024.  The team also highlighted that revenue from the ad network will be used to buy back tokens and distribute them as rewards. It wrote:  “We’re also planning to use ad revenue to buy back tokens from the market for regular distribution to players and token burns.” Token buybacks work similarly to stock buybacks, which are done to deal with price instability. The concept refers to a project using its resources to repurchase its tokens from holders at the market price.  Meanwhile, token burns are when crypto projects send tokens to burning addresses, permanently erasing them from existence. This creates scarcity and may lead to token price appreciation. Furthermore, the Web3 game also revealed that in 2025, it plans to create a non-fungible token marketplace, conduct a competitive clan championship, and facilitate the second phase of its airdrop.  #BinanceLaunchpoolHMSTR

Hamster Kombat reveals plans for 2025 in new roadmap

Hamster Kombat announced that it plans to buy back #tokens and distribute them to players regularly. 
Follow me for more;
The popular #Telegram clicker game #HamsterKombat has announced its plans for the rest of 2024 and into 2025, including the launch of a Web3 gaming platform to expand its game offerings.
On Sept. 25, the team behind the Web3 game revealed a new roadmap, detailing its plans for the last quarter of 2024 and 2025. Hamster Kombat said that its remaining plans for 2024 include integrating external payment systems, launching new games within the Hamster ecosystem and integrating non-fungible tokens (NFTs) as in-game assets. 
The Hamster Kombat team said it’s in a “unique position” because it has players and industry developers to create a Web3 gaming platform. The team also said that it has the technology and experience that make things easier for game developers. 
After its first release, Hamster Kombat quickly attracted millions of gamers. The clicker game went viral, attracting 239 million users in its first 81 days. Since then, the game has already onboarded over 300 million users. 

Hamster Kombat’s road map for the fourth quarter of 2024. Source: Hamster Kombat
How #Hamster Kombat will keep users engaged post-airdrop
On Sept. 23, the Hamster Kombat team revealed the allocations for its much-anticipated airdrop event. Out of its 300 million users, only 131 million are eligible to receive their airdrop. This represents only 43% of its total users.
Hamster Kombat also highlighted that it had banned 2.3 million users from the game for using cheats.
One of the challenges for Web3 games is keeping users engaged after airdrops. However, the team behind Hamster Kombat said that it has strategies in place for user retention. The team told Cointelegraph that the value of the tokens distributed to users post-airdrop may be worth more. The team said: 
“11.25% of tokens distributed after Season 1 will be vested and unlocked 10 months after the listing. Given the project’s rapid development, the value of these tokens can be comparable to the initial unlock.”
The team also said it would focus on the value proposition related to games within its ecosystem and not just earnings. “This approach is different from the traditional one, where Web3 developers are paying airdrop hunters,” they added. 
The team said they plan to onboard more players by combining the best of Web2 and Web3 and creating engaging content.
Hamster Kombat plans token buyback and burning
According to the Hamster Kombat team, the company will launch a dedicated advertising network that will be used by games in the Hamster ecosystem. The roadmap noted that this will be released in December 2024. 
The team also highlighted that revenue from the ad network will be used to buy back tokens and distribute them as rewards. It wrote: 
“We’re also planning to use ad revenue to buy back tokens from the market for regular distribution to players and token burns.”
Token buybacks work similarly to stock buybacks, which are done to deal with price instability. The concept refers to a project using its resources to repurchase its tokens from holders at the market price. 
Meanwhile, token burns are when crypto projects send tokens to burning addresses, permanently erasing them from existence. This creates scarcity and may lead to token price appreciation.
Furthermore, the Web3 game also revealed that in 2025, it plans to create a non-fungible token marketplace, conduct a competitive clan championship, and facilitate the second phase of its airdrop. 
#BinanceLaunchpoolHMSTR
Has Binance #LUNC✅ Burn Mechanism Revised? Binance $LUNC burn data indicates that the crypto #exchange has likely revised its LUNC burn mechanism, increasing the number of burns monthly. According to an earlier announcement, the exchange burns #TerraLunaClassic tokens on the first of every month. However, the exchange burned the #tokens six times this month. This has sparked speculations as Binance had earlier reduced its Terra Luna Classic spot and margin trading fees to 50% instead of 100%. It even delayed sending the Terra Luna Classic trading fee burn contribution for months. However, the exchange is burning more tokens this time. Binance burned 1.19 billion LUNC tokens in the 25th batch of the LUNC burn mechanism, the crypto exchange burned $97,229.23 in trading fees for the period between July 31 to August 29. In addition to the main burn, the exchange burned 199,389 LUNC tokens in five transactions until now. Some Terra Luna Classic members believe the exchange has changed the way it has burned the tokens. #BinanceLaunchpoolHMSTR {spot}(LUNCUSDT)
Has Binance #LUNC✅ Burn Mechanism Revised?

Binance $LUNC burn data indicates that the crypto #exchange has likely revised its LUNC burn mechanism, increasing the number of burns monthly. According to an earlier announcement, the exchange burns #TerraLunaClassic tokens on the first of every month. However, the exchange burned the #tokens six times this month.

This has sparked speculations as Binance had earlier reduced its Terra Luna Classic spot and margin trading fees to 50% instead of 100%. It even delayed sending the Terra Luna Classic trading fee burn contribution for months. However, the exchange is burning more tokens this time.

Binance burned 1.19 billion LUNC tokens in the 25th batch of the LUNC burn mechanism, the crypto exchange burned $97,229.23 in trading fees for the period between July 31 to August 29.

In addition to the main burn, the exchange burned 199,389 LUNC tokens in five transactions until now. Some Terra Luna Classic members believe the exchange has changed the way it has burned the tokens.
#BinanceLaunchpoolHMSTR
🐹 Hey, hunters! #Hamster tokens are already hitting the #exchanges ! For those who aren't planning to sell their millions just yet, there's a chance to make some $$$ with #SuperEarn on Binance! The exchange has launched a promotion with $HMSTR SuperEarn, where you can stake your tokens and earn some bucks. We all remember how well we did with the $TON promotion! Here's what to do: • If you don’t have an account yet, sign up on Binance. • Head over to the "SuperEarn" section and stake your tokens. • From September 26 to October 2, stake $HMSTR and collect your profits! • Deadline — until all 58k spots are filled! The max staking limit is 30k HMSTR with a 300% APR for 7 days. You can stake your airdropped #tokens and earn a few extra percent. But keep in mind, it's probably not worth buying tokens just for this pool — better to hedge, as the token price might drop. 💎 #BinanceLaunchpoolHMSTR {spot}(TONUSDT)
🐹 Hey, hunters! #Hamster tokens are already hitting the #exchanges !

For those who aren't planning to sell their millions just yet, there's a chance to make some $$$ with #SuperEarn on Binance!

The exchange has launched a promotion with $HMSTR SuperEarn, where you can stake your tokens and earn some bucks. We all remember how well we did with the $TON promotion!

Here's what to do:
• If you don’t have an account yet, sign up on Binance.
• Head over to the "SuperEarn" section and stake your tokens.
• From September 26 to October 2, stake $HMSTR and collect your profits!
• Deadline — until all 58k spots are filled!

The max staking limit is 30k HMSTR with a 300% APR for 7 days. You can stake your airdropped #tokens and earn a few extra percent. But keep in mind, it's probably not worth buying tokens just for this pool — better to hedge, as the token price might drop.

💎 #BinanceLaunchpoolHMSTR
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¡AIRDROP EN TELEGRAM! ¡NABOX Y ALPACAMONEY CON 3 MIL MILLONES DE TOKENS! ¿Sabías que hay un airdrop sencillo y poco conocido que está ocurriendo ahora mismo en el que puedes participar de forma gratuita en #Telegram ? El actual #airdrop está siendo organizado por #NaBox Wallet (la billetera oficial de #Nuls ) en asociación con Alpaca Money, ofreciendo más de diez mil millones de tokens NaBox como recompensas. Este es un airdrop de mediano plazo que comenzó recientemente, lo que significa que aún puedes unirte y comenzar a ganar puntos de forma gratuita. Lo más genial es que, aunque se trata de un airdrop de mediano plazo en el que las recompensas se distribuirán al final, a lo largo de este proceso, tendremos otros airdrops de socios y actividades adicionales que nos permitirán ganar más tokens. De hecho, ya ha habido un mini airdrop de #tokens Suissex, el token de la plataforma Blockchain suiza. ¿Quieres saber cómo participar? Visita el canal oficial de YouTube de NULS Blockchain para obtener más información. $NULS $BTC $ETH
¡AIRDROP EN TELEGRAM! ¡NABOX Y ALPACAMONEY CON 3 MIL MILLONES DE TOKENS!

¿Sabías que hay un airdrop sencillo y poco conocido que está ocurriendo ahora mismo en el que puedes participar de forma gratuita en #Telegram ? El actual #airdrop está siendo organizado por #NaBox Wallet (la billetera oficial de #Nuls ) en asociación con Alpaca Money, ofreciendo más de diez mil millones de tokens NaBox como recompensas. Este es un airdrop de mediano plazo que comenzó recientemente, lo que significa que aún puedes unirte y comenzar a ganar puntos de forma gratuita. Lo más genial es que, aunque se trata de un airdrop de mediano plazo en el que las recompensas se distribuirán al final, a lo largo de este proceso, tendremos otros airdrops de socios y actividades adicionales que nos permitirán ganar más tokens. De hecho, ya ha habido un mini airdrop de #tokens Suissex, el token de la plataforma Blockchain suiza. ¿Quieres saber cómo participar? Visita el canal oficial de YouTube de NULS Blockchain para obtener más información.

$NULS $BTC $ETH
$USTC and LUNC Price Jumps Amid this $LUNC news, #TerraLunaClassic ecosystem tokens witnessed a slight jump of 2% in the last 4 hours. The #tokens also saw a buying activity in derivatives market as futures open interests climbed more than 2% in last few hours. #LUNC✅ price climbed nearly 2% from the 24-hour low, with the price currently trading at $0.0000858. The 24-hour low and high are $0.00008372 and $0.00008631, respectively. However, the trading volume remained low amid the pressure in the broader crypto market. Meanwhile, #USTC price is trading at $0.01798, up 2% in the last 24 hours. The trading volume saw a 37% jump decline in the last 24 hours. #DODOEmpowersMemeIssuance {spot}(LUNCUSDT) {spot}(USTCUSDT)
$USTC and LUNC Price Jumps

Amid this $LUNC news, #TerraLunaClassic ecosystem tokens witnessed a slight jump of 2% in the last 4 hours. The #tokens also saw a buying activity in derivatives market as futures open interests climbed more than 2% in last few hours.

#LUNC✅ price climbed nearly 2% from the 24-hour low, with the price currently trading at $0.0000858. The 24-hour low and high are $0.00008372 and $0.00008631, respectively. However, the trading volume remained low amid the pressure in the broader crypto market.

Meanwhile, #USTC price is trading at $0.01798, up 2% in the last 24 hours. The trading volume saw a 37% jump decline in the last 24 hours.
#DODOEmpowersMemeIssuance
🗿 WAT and jGMEE Tokens on STON.fi Exciting news for gaming and trading enthusiasts, Stonfiers! WAT and jGMEE tokens from the Gamee project are now available for trading and liquidity provision on STON.fi. Gamee is the largest gaming platform on Telegram, featuring 60 games ranging from racing and arcade to puzzles and virtual sports. With over 50 million players, the platform's native token, GMEE, is used for in-game purchases and can be earned through gameplay. Now, its TON-based version, jGMEE, is available for trading on STON.fi. 🔗 Trade jGMEE on STON.fi 🔗 🔗 Trade WAT on STON.fi 🔗 Kick off your week with fresh entertainment and new trading possibilities. Stay tuned! #cryptonews #tokens #stonfi $STON
🗿 WAT and jGMEE Tokens on STON.fi

Exciting news for gaming and trading enthusiasts, Stonfiers! WAT and jGMEE tokens from the Gamee project are now available for trading and liquidity provision on STON.fi.

Gamee is the largest gaming platform on Telegram, featuring 60 games ranging from racing and arcade to puzzles and virtual sports. With over 50 million players, the platform's native token, GMEE, is used for in-game purchases and can be earned through gameplay. Now, its TON-based version, jGMEE, is available for trading on STON.fi.

🔗 Trade jGMEE on STON.fi 🔗
🔗 Trade WAT on STON.fi 🔗

Kick off your week with fresh entertainment and new trading possibilities. Stay tuned!

#cryptonews
#tokens
#stonfi
$STON
🌖 Here’s How Much $LUNC Can Be Burned As the $4.5 billion settlement in the legal case against #TerraformLabs obliges the Web3 company to seize its business, the assets in protocols such as Anchor or Mirror are bound to be burned soon. According to popular YouTuber and LUNC validator HappyCatKripto, four known wallets are tied to the Mirror protocol, which holds above 500M #tokens . Paired with the funds on Anchor protocol, the #TerraClassic tokens waiting for the incinerator pile up to a hefty 275 billion coins, or roughly $22 million. This potentially opens doors for the most grandiose LUNC burn, with a quarter of a trillion #TerraLunaClassic tokens in one go.  “Getting those burns early will really provide the momentum we need,” spills out HappyCatKripto. Naturally, a burn of this magnitude would play out favorably in further coordination with Binance and other exchanges dedicated to the chain’s restoration efforts. To achieve this, the validator urged the community to migrate Mirror and Anchor protocol contracts to a new code using a governance model similar to Risk Harbor. While both governance proposals are open for voting and discussion, the timeline of this grandiose burn has yet to be decided. #DODOEmpowersMemeIssuance {spot}(LUNCUSDT)
🌖 Here’s How Much $LUNC Can Be Burned

As the $4.5 billion settlement in the legal case against #TerraformLabs obliges the Web3 company to seize its business, the assets in protocols such as Anchor or Mirror are bound to be burned soon. According to popular YouTuber and LUNC validator HappyCatKripto, four known wallets are tied to the Mirror protocol, which holds above 500M #tokens .

Paired with the funds on Anchor protocol, the #TerraClassic tokens waiting for the incinerator pile up to a hefty 275 billion coins, or roughly $22 million. This potentially opens doors for the most grandiose LUNC burn, with a quarter of a trillion #TerraLunaClassic tokens in one go. 

“Getting those burns early will really provide the momentum we need,” spills out HappyCatKripto. Naturally, a burn of this magnitude would play out favorably in further coordination with Binance and other exchanges dedicated to the chain’s restoration efforts.

To achieve this, the validator urged the community to migrate Mirror and Anchor protocol contracts to a new code using a governance model similar to Risk Harbor. While both governance proposals are open for voting and discussion, the timeline of this grandiose burn has yet to be decided.
#DODOEmpowersMemeIssuance
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