Terra Luna Classic community burns 76 billion LUNC tokens

community has reached 76 billion. This marks another milestone in the community's efforts to reduce the circulating supply of LUNC since May 18, 2022. The world's largest cryptocurrency exchange, Binance, has burned approximately 38.81 billion LUNC. It contributed more than 50% of the total LUNC burned so far.

The circulating supply of LUNC token is 5.80 trillion and the total supply is 6.83 trillion LUNC. However, the community still needs to increase the utility to increase the burn rate of LUNC.

Terra Luna Classic burn reaches 76 billion LUNC The Terra Luna Classic burn campaign has reached 76 billion LUNC, as cryptocurrency exchanges ... Auditors, projects, and members will burn LUNC by sending it to the burn address. The community burns an average of 400 million LUNC weekly, with Binance sending billions to the burn address as part of the monthly LUNC burning mechanism.

Binance burned more than 1 billion LUNC tokens in the 14th installment of the LUNC burning mechanism on October 1. With the LUNC burned by the cryptocurrency trading platform so far reaching over 38.81 billion.

The Terra Classic L1 Task Force (L1TF) developer group and the Quant USTC team aim to focus on reducing the circulating supply of LUNC and USTC in Q4. The developers aim to repeg USTC to $ 1 . And work with trading platforms to complete it successfully.

Meanwhile, the Terra Luna Classic community now has a community-owned Galaxy Station wallet and Galaxy Finder blockchain explorer.

$LUNC #crypto2023