Binance sent more than 2.99 billion Terra Classic (LUNC) tokens to the burn address at 10:00 AM on October 10. In addition, the transaction cost is 35.91 million LUNC.The second round of the LUNC trading fees burn takes place from October 2–8.
tokens worth almost $3 billion
Were burned by Binance, the largest cryptocurrency exchange in the world.
After burning yet another sizable amount, the total supply of LUNC tokens has decreased to 6.88 trillion LUNC. As a result, over the last day, Terra Classic's price has increased by about 4%.
Binance sends about 3 billion Terra Classic (LUNC) coins to a burn address.
Binance sent more than 2.99 billion Terra Classic (LUNC) tokens to the burn address at 10:00 AM on October 10. In addition, the transaction cost is 35.91 million LUNC. The second round of the LUNC trading fees burn takes place from October 2–8.
A total of 5.59 billion Terra Classic (LUNC) tokens were burned on October 3 by the cryptocurrency exchange. Trading fees for the LUNC spot and margin trading pairs will be incinerated, according to a previous statement by Binance. The maximum charge will remain at 0.1%, and the LUNC burn method won't affect trading expenses.
While many people are unhappy with the amount of LUNC Binance burned The Terra Classic community is pleased with Binance's support. In fact, Binance CEO "CZ" encouraged other exchanges to burn LUNC tokens in the most recent AMA.
Increase of over 5% in LUNC Price
Over the previous 24 hours, Terra Classic's (LUNC) price has increased by more than 5%. LUNC's 24-hour low and 24-hour high were both $0.00029 and $0.00031, respectively.
After giving up some of its initial gains, the LUNC price is now trading at $0.00030, up more than 3% as of this writing. The trade volume increased over the previous 24 hours by about 85% in the interim. There has been a lot of interest in the Terra Classic rebirth plan.
Overall, Binance has destroyed almost 8.5 billion LUNC currencies. The community has staked 677.97 LUNC tokens as a result, and nearly 18 billion LUNC coins have been burnt. There are currently 6.88 trillion tokens in circulation.
The LUNC coin is now being relisted on cryptocurrency exchange Coinbase at the request of the community.
