Binance Burns 1.35 Billion LUNC – Times Tabloid

Date:

June 2, 2024

In a continued effort to support the Terra Classic community, the world’s largest cryptocurrency exchange, Binance, executed its 22nd LUNC burn on May 1st, 2024.

This burn event removed 1.35 billion LUNC tokens from circulation, bringing the total number of tokens burned by Binance to over 60 billion. This figure represents more than half (52%) of the total LUNC burned by the entire Terra Classic community.

Transparency in Burning Mechanism

To ensure transparency, Binance details the LUNC burning process by identifying the specific burn address where the whopping tokens were sent. These tokens originated from trading fees accumulated on LUNC spot and margin trading pairs between April 30th and May 29th, 2024.

This recent burn marks another step in Binance’s ongoing commitment to the Terra Classic community. In the…

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Binance Burns 1.35 Billion LUNC – Times Tabloid

Transparency in Burning Mechanism

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Binance Burns 1.35 Billion LUNC – Times Tabloid

Transparency in Burning Mechanism

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