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LUNC Burn Update: Binance, Validators Burn Over 1.5 Billion Terra Classic ($LUNC)

source-logo  coingape.com 31 October 2022 09:48, UTC

Binance, the world’s largest crypto exchange, has burned over 1.26 billion Terra Classic (LUNC) tokens in the fifth batch of Binance burn mechanism on trading fees. It is the first burn after passing Proposal 5234 that effectively reduced the tax burn from 1.2% to 0.2%. In total, Binance has now burned over 13.5 billion LUNC tokens for the Terra Classic community.

coingape.com