Binance TH Supports For LUNC And USTC Revival To $1
The crypto exchange Binance TH, resulting from a joint venture between Binance and Gulf Energy, discussed new steps as part of a significant initiative on Saturday. The most important of these steps was Binance’s support for LUNC and USTC trading once again. The group of tokens traded under the Terra Classic ecosystem was listed by Binance TH this week, causing a significant stir in the Terra Classic community.
Binance TH and LUNC Announcement
Binance TH, in a post on the X social media platform on June 15, introduced the event “From Collapse to Resurrection LUNC?” to the crypto community. Binance TH by Gulf Binance is looking for people who experienced the Terra-Luna crisis and still believe in the revival of LUNC.
After the historic collapse in 2022, Binance’s former CEO Changpeng Zhao, who is currently detained, became one of the biggest supporters of the Terra Classic revival process after the community and developers took over the ecosystem’s management.
The most significant move made by Binance under this support was the burns. To reduce the existing high supply, Binance periodically conducts burns, having burned 60.42 billion LUNC tokens, making it the largest burner of LUNC...
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