Binance Burns 1.35 Billion Terra Luna Classic, Crypto Exchange’s Net Burn Hits 60 Bln
The world’s largest crypto exchange Binance on Saturday burned 1.35 billion Terra Luna Classic tokens in the 22nd batch of its LUNC burn mechanism, continuing its support to the Terra Classic community.
Binance’s total LUNC burn to date has now surpassed 60 billion, accounting for more than 52% of the total LUNC burned by the Terra Luna Classic community.
Binance Sends 1.35 Billion Terra Luna Classic To Burn Address
Crypto exchange Binance sent 1.35 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction on June 1.
The 22nd batch of the LUNC burn mechanism Binance burned a significant amount of trading fees for the period between April 30 to May 30. Binance has now burned nearly 60.42 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs.
Meanwhile, the net burn by the Terra Luna Classic community has now surpassed 116 billion LUNC.