thenewscrypto.com
- Over 38.81 billion LUNC have been burnt by the cryptocurrency exchange Binance thus far.
- There are now 5.80 trillion LUNC tokens in circulation, with a maximum supply of 6.83 trillion.
Since May 18, 2022, the Terra Luna Classic community has burnt a cumulative total of 76 billion LUNC, marking a significant milestone in the collective endeavor to lower the circulating quantity of LUNC. Binance, the biggest cryptocurrency exchange in the world, has burnt about 38.81 billion LUNC, or more than half of the total LUNC burned.
There are now 5.80 trillion LUNC tokens in circulation, with a maximum supply of 6.83 trillion LUNC. To speed up the burn rate of LUNC, the community must improve its use-cases.
Key Player Binance
About 400 million LUNC are burned each week on average, with Binance transferring billions to the burn address every month as part of the LUNC burn process. Over 38.81 billion LUNC have been burnt by the cryptocurrency exchange Binance thus far, with over 1 billion burned in the 14th round of the LUNC burn process on October 1.
In Q4, the Terra Classic L1 Task Force (L1TF) development group and the Quant USTC repeg team plan to work on decreasing the available supply of LUNC and USTC. Developers are collaborating with exchanges in an effort to successfully repeg USTC to $1.
On the other hand, the Galaxy Station wallet and the Galaxy Finder blockchain explorer are now available to the Terra Luna Classic community. At the time of writing, LUNC is trading at $ $0.00005607, down 3.84% in the last 24 hours as per data from CMC.