Browsing:Terra Luna Classic

Terra Luna Classic burned
2 months ago 1 min read

Binance burns 2.2 billion Terra Luna Classic (LUNC) tokens

Binance exchange has burned 2.21 billion Terra Luna Classic (LUNC) tokens in the 19th batch of the LUNC burn mechanism. This brings the total number of tokens burned by the Terra Luna Classic (LUNC) community to over 100 billion. Furthermore, the net burn by the crypto exchange is over 53 billion. What’s more, the Terra Luna Classic community celebrated the 100 billion LUNC milestone with increased optimism and confidence. Between January 31st and February 28th, Binance burned over $270 million worth of trading fees using the 19th batch of the LUNC burn mechanism. As of the most recent burn, the

Terra Classic (LUNC)
1 year ago 0 mins read

Investors pump $70 million into LUNC in a week as Terra Classic interest returns

Despite its declining utility, investors in Terra Classic (LUNC), the original chain of the defunct Terra (LUNA) token, remain bullish on the digital asset. Despite the current bearish market conditions, the token appears to be on a bullish upward trend. According to CoinMarketCap data, LUNC currently has a market capitalization of $965.68 million, an increase of $73.49 million from $892.19 million on November 29. As a result, short-term buying pressure has influenced the value of LUNC, which was trading at $0.00016 at press time, up more than 2% in the last 24 hours. The weekly chart shows that the token

Terra Luna Classic price prediction
2 years ago 2 mins read

Terra Classic developers reduce the ‘burn tax’ rate in an effort to boost on-chain activity

Contributors to the Terra Classic network have cut the so-called “burn tax” charged on all Terra Classic token (LUNC) transactions. The developers have reduced the tax rate from 1.2% to 0.2% since the earlier rate was thought to cause a decline in network activity. The new rates went into effect today at 8:50 a.m. ET, after the community’s approval of governance “Proposal 5234,” which reduced the number of tokens burned with each transaction. Following the depeg of the UST stablecoin in May 2022, Terra’s developer, Do Kwon, abandoned the original Terra network and downgraded the project to “classic” status in

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