1. TFL Confirms Upcoming Burn:
TFL has officially confirmed that #LUNC and #USTC tokens on the shuttle bridge will be burned. This is based on recent news, not speculation.
2. October 31, 2024 Deadline:
TFL is required to burn all funds in their wallets by October 31, 2024. This includes the recent 167 million $LUNA burn and the upcoming burns of LUNC and USTC.
3. Memorandum of Understanding:
The burn is part of the memorandum of understanding, confirming that these tokens in TFL wallets will be removed from circulation.
4. Chris Amani’s Statement:
During X chat events, Chris Amani reiterated that this burn is planned, and they are actively working on it.
5. Uncertainty Around Luna Foundation Assets:
The fate of Luna Foundation’s assets remains unclear as they have been transferred to the bankruptcy estate. Further developments are expected in the future.
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