Do Kwon . NFT and Chain Analysis tools stake nft analytics lunc burner ust burner Luna Classic Community . 6,457. Talking about the Brand NEW #TERRA #LUNA CLASSIC PROPOSAL to Burn more Luna and Get Luna Classic back to Dominance. We. "To clarify, as I've noted multiple times I don't think sending tokens to this address to burn tokens is a good idea - nothing happens except that you lose your tokens. Today, we have wonderful news that the Luna-Classic Burn Proposal #3568 has passed. The current CoinMarketCap ranking is #3372, with a live market cap of not available. resulting in the birth of a new #LUNA community. LUNC Burn. In the meanwhile, 59% of the crowd predicts that LUNC will reach $1 by 2031. The value of LUNA is dropping 10% today and it is currently standing at $0.00018 per coin. On Oct. 3, Binance . To burn LUNC, users will be required to send their tokens to the burning address earlier shared by Terra's Do Kwon . The data detailed how users could send tokens to see them burn permanently. Today it reached a high of $2.88, and now sits at $2.51. Upcoming Staking Node On Terra Classic! Luna is currently trading on 20 exchanges, with a 24hr trade volume of $214,501,227. We support the Luna Classic Community. 0.86%. The token, which trades as LUNC, is up roughly 40% in the last 24 hours, according to CoinGecko, making a miraculous return to the . 15.2K. Luna Classic (LUNC) is the first native token of Terra blockchain released in August 2018. Dedicated to rewarding holders in Luna Classic, burning the supply of Luna Classic and leading the movement of change for Luna Classic. Binance earlier announced that it would implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the Luna Classic burn address on Mondays. Oh no, people self sacrificing LUNA to a burn address to help recover price. On September 27 Binance announced that they will be implementing a burn mechanism for all trading fees on spot and margin. On average, a single transaction is about 107,000 LUNA. Try SimpleFX Now! Sponsored SimpleFX - Test your trading skill and get up to $2500 on First Deposit Bonus. At the time of the post, $1 was equivalent to 3,500 Luna Classic, thus implying that if all the 95,342 followers participate in the campaign, a total of 333.7 million LUNC will be incinerated. Binance to Implement Terra Classic (LUNC) Burn Mechanism on Trading Fees | Binance Support. Luna Burn. Data from Etherscan showed that several batches of LUNA coins were being transferred to burn addresses, some even ranging as high as 90 Million tokens. The trend had even continued over the past few days. Luna Burn Rate As the Luna community continued to demand Luna burns, TFL CEO Do Kwon posted the Luna burn address on his Twitter, which seems to have kickstarted a burn movement. The Luna Classic tax burn works by sending the token equivalent of the taxes to a dedicated burn address. #LUNA #LunaBurn #BurnLuna #LUNAtics. Our vision is to have a strong Community of LunaRebels dedicated to burning the supply of Luna Classic. Luna Burn Retweeted. Luna Classic, the original token of the failed Terra blockchain, appears to be making a comeback following an announcement that the world's largest crypto exchange, Binance, has a plan to cut the token's supply. New DEX Platform Wants To Burn Luna Classic (LUNC), To Be Launched On Terra 2.0. Tx hash Type Block Amount (Out) Amount (In) Timestamp; 5A9C21D2C2D7E39Bcheck. So Binance took 5.6 billion tokens out of circulation by sending them to a "burn" address, according . Users can receive rewards by delegating (staking) Luna to validators who record and verify transactions on the blockchain, in return earning rewards from transaction fees for operating nodes on the Terra network. At that time the circulating supply of USTC was 11,279,951,459. Users are favoring the burn as they believe that they will lose very little due to the token's heavily. . The proposal to remove 1.1 billion USTC tokens from communal pools and burn them was approved on May 27. I dont understand those who are just randomly sending small amounts of lunc to the burn address, its like a drop of water in a bucket of water in an vast ocean on Venus. May 22. Together. 1.1 billion USTC destroyed. Dedicated To Burning #LUNACLASSIC Forever! According to an estimate from LUNC Burner, at a LUNC tax burn rate of 0.2%, Terra LUNA Classic will achieve its goal of destroying 10 billion LUNC in roughly 28 years and 9 months. This page reflects the current burning process of LUNA Classic (LUNC) through the smart contract created by Do Kwon following the UST de-peg on May 9th. How To See In Real Time The Burning Of Terra Luna Classic (LUNC) With This Tracker The web page that allows to track the burning of Terra Luna Classic (LUNC) live is called StakeBin. @lunc_community . Do Kwon confirmed that sending LUNA to the 'burn wallet' does nothing and investors will only lose their money and tokens. On Monday, Binance CEO Changpeng Zhao announced that the crypto exchange, the world's largest by trading volume, would implement a 1.2% tax rate burn as the Terra Luna Classic community looks to reduce the coin's supply. To achieve token scarcity, 2% of each transaction is sent to a burn address, LunaBurn is a deflationnary token.Combine these together and you get a power house out of the hands of anyone, except the community as a . The burn was calculated based on the token's trading volume between Sept. 21 and Oct. 1. Rebrand the original Terra chain as Terra Classic and integrate the new Terra chain For more details, please click here. Follow Twitter . Show this thread. After Do Kwon and Terraform Labs rejected community calls to burn LUNA instead of creating a whole new chain, all seemed to be calm, until now. Luna (LUNA) price is up 2.14% in the last 24 hours. Crypto trader, under the pseudonym 'ashwsbreal', revealed transactions showing that 300 Billion LUNA tokens were burned on 18 May. What is . What is LUNA. Send to the burn address now! Helen . Will Luna Classic reach $1? Since Luna Classic collapsed in May 2022, the number of assets burned made up less than 0.6% of the coins circulating supply. The live Wrapped LUNA Classic price today is $0.000231 USD with a 24-hour trading volume of $171,974 USD. PHASE TWO: A Path to Burn. We update our WLUNC to USD price in real-time. " Binance will implement a burn mechanism to burn all trading fees on LUNC spot and . Luna is the native staking token of Terra protocol used in mining and protocol governance. Want there to be no confusion whatsoever . It should be noted that data on the burned LUNC supply differs from portal to portal. The number of LUNA burned jumped significantly in October 2022, after Binance burned 5.5 billion tokens or 0.08 percent of the coin's circulating supply. . A combination of Burn and New Use Cases can drive LUNC to $1. Terra Luna Classic (LUNC) Burn Tracker Yesterday, October 27, 2022 Yesterday, October 27, the LUNC burning tax made it possible to destroy 29,804,114 LUNC crypto. The main function that the native token performed was to absorb the price deviation of the algorithmic stablecoin $UST. We believe this will support the recovery . Luna Classic LUNC. As #BurnLuna started to trend, over 289 million LUNA were sent to this burn address from 2,719 transactions. MsgSend: 10025554 (columbus-5) + 25.000000 Lunc 2022.10.29 15:53:40-07:00: 0.945059 Lunc Luna Classic's LUNC token and Luna 2.0 rose sharply on September 26 in reaction to Binance's news. Luna (LUNA) is currently ranked as the #97 cryptocurrency by market cap. The contract will purchase Luna Classic and will send it to the burn address. In response to the LUNC community proposal on burning trading fees while maintaining a good trading experience for users, Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address.The specific amount of LUNC to be burned, its equivalent value in USDT, and on-chain transaction ID will be updated each week in . Can Luna Classic get Back to $0.01? 2,183. This according to data from within the. Binance to apply Luna Classic burn mechanism. 6.5 million wallets could burn 1 million LUNA each, and there would still be 35 . $LUNC existed before the launch of the new chain now branded Terra (LUNA) and works with the original code of the Terra ecosystem. Yes, Luna Classic can reach $1. To Burn Even More #LUNCLET IT BURN $1 MEMBERSHIP PROGRAMMEhttps://www.yout. Data from. October 22, 2022. Burn. The total supply is calculated as the on . A user known as the. The proposal calls for 1.2% percent burn tax, aimed at reducing the overall supply of Luna Classic from 7 . Wrapped LUNA Classic is down 3.79% in the last 24 hours. This is the Luna Burn Address. Binance implements LUNC burn. Be aware of fakes. $0.000243. Millions of investors in crypto got hurt and abandoned by LUNA. yzy.eth @LilMoonLambo . Quote Tweet. The contract will purchase Luna Classic and . Large crypto exchanges such as Binance already support the burn. Advertisement While Kwon asked why holders would do this, stating it is "literally burning money", this has not stopped holders. LUNC. The burn rate appeared like the community was only capable of burning around $10,000 worth of Luna Classic, but a single burn transaction that took place Monday changed this. About LUNCX. The new Luna token might have a bigger market cap currently than both tokens, but there is still a lot of movement in the Terra Classic camp. This will aid in our mission to increase the amount of Luna Classic being burned. Data from the website detailed that roughly 22,428,000,000, or some 0.325756% of LUNC total supply, had been burned to date. Following the de-peg, LUNA 2.0 was released, foregoing LUNA 1.0's UST stablecoin, with a new se. . This burn consisted of the taxes (trading fees) on . Just had a thought. Binance will send the burned tokens to Luna Classic's official burn address. LUNC DAO urged the community to join the campaign by sending at least 3,500 LUNC to the burn wallet using the memo "CEO Burn". On October 3, 2022, Changpeng Zhao, CEO of Binance, said the exchange had burnt about $1.8 million worth of Luna Classic. The second critical milestone in Luna Classic's long journey ahead is the reduction of the 6.5 Trillion outstanding tokens. 6.535 trillion is a really big number. This is according to data from within the Terra block blockchain, particularly an old address shared by LUNA CEO Do Kwon. LUNCX project will be having a Fair Launch Presale on Pinksale and will be launching on the Binance Smart Chain within 24 hours after Fairlaunch ends.
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