NFT News by Thebittimes.Com

Binance Burns 796 Million LUNC Tokens Crypto exchange Binance sent 796 million Terra Luna Classic (LUNC) tokens to the burn address to contribute to reducing the LUNC circulating supply, according to the transaction on September 1. It also includes a transaction fee of 3.98 million LUNC. advertisement Notably, the 13th batch of the LUNC burn mechanism is for the period July 31 to August 30, 2023. With the latest burn, Binance has burned nearly 37 billion Terra Classic tokens in total from trading fees on LUNC spot and margin trading pairs. Last month, Binance burned 1.41 billion Terra Luna Classic (LUNC) tokens. The burn rate has significantly reduced amid FUD, resignations by L1TF project manager LuncBurnArmy and developer Fragwuerdig, and a fall in LUNC trading volumes. Meanwhile, the community has burned 74.22 billion LUNC tokens in total. Validator DFLunc and project TerraCasino are the only major contributors to the LUNC burn this month. Also, the focus...

The total LUNC staked stands at over 1 trillion worth nearly $100 million, with the staking ratio hitting an all-time high of 14.61 percent. Thus, the circulating supply of Terra Luna Classic (LUNC) has now reduced to 5.8 trillion from the total supply of 6.84 trillion . Interest in Terra Classic grows as more users staked LUNC tokens on the chain for rewards. With the v2.1.0 parity upgrade, USTC repeg, AI app chain Block Entropy, and Terraport DEX relaunch, the community is more optimistic about Terra Classic revival. BREAKING: #LunaClassic officially has 1 TRILLION $LUNC staked! Congratulations to the community for this historic achievement! Let’s go for 2 TRILLION next! Send it! #Crypto #LuncBurn #LuncArmy #StakeLunc #LuncParity #Binance pic.twitter.com/Y7vD6yroCG — Mr. Diamondhandz1 (@MrDiamondhandz1) June 10, 2023 Recommended Articles Crypto Presale Projects For 2023 To Inve...