This move is aimed at decreasing the total number of tokens in circulation and ultimately benefiting the Terra Classic community. Register now to begin your crypto journey, Download the BTCC app via App Store or Google Play. Luna Classic, Terra Classics cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. Aptos airdrop: How to get it? The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. However, support to the downside exists around the $0.00025 area, as well as around the September 26 low of $0.00018. 593348 USTC 956,519,610. Your email address will not be published. Story Highlights. The news has sparked renewed burn efforts from the wider Terra Classic community, with more than 18 billion tokens burned in total and 10% of LUNC also being staked and out of circulation. Stablecoins - USDT / USDC bridged over The upgrade, dubbed the Terra Classic network, has been live since February 25th, 2023, and is expected to improve the overall stability and security of the Terra ecosystem. Register in seconds and access exclusive features. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. 26,586,512 #LUNC ($8,347) burned! So far, in five months, only 22.7 million tokens have been burned, or only 0.33% of the total. It will enable Binance LUNC burn mechanism to return to the community. Required fields are marked *. Luna Classic News: Latest price, updates, and more. The bigquestion now is how high LUNC price will go following the next LUNCburn. Do Kwon has given the community the official address for burning $LUNA Every first day of the month, Binance calculates the total amount of LUNC to be burned based on trading fees from the previous month, and sends it to a burn address. LaLiga Names Divi Official Crypto Wallet for MENA, SEA, & China, in Worlds First for a Football League. The increase was mainly due to the tokens interaction and relationship with stablecoin, UST. It costs you nothing. Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The official LUNC burn wallet address is: In other words, the burn program is proceeding very slowly, so much so that the price of LUNC since the peak in early September has been falling almost steadily. After the collapse of Terra Luna, Do Kwon came up with a plan to restore the ecosystem. Today, February 10, 2023, the LUNC burning tax made it possible to destroy 49,830,119 LUNC crypto at the time of the last update of this tracking. Games - UNOPND etc Though the trade in the toke was halted and it was delisted from a number of Indian exchanges. The Terra ecosystem and its community are worth preserving. When you purchase This new plan essentially makes Terra a community-owned crypto Blockchain, more like a decentralised autonomous organisation (DAO). Likewise, on the website in question there is also a graph below with the total supply of TerraClassicUSD (USTC), the Terra Classic stablecoin that turned out not to be as stable as thought, and the amount of tokens burned in each period of time. https://t.co/nx9poA1RMm #LunaBurn #BurnLuna. Staking derivatives included The platform has a unique coin burn feature, which is designed to reduce the circulating supply of tokens while increasing their value. 53 burns @ 3 BPH. Yes you keep track ledger Reply [deleted] . Create a new Terra chain without the algorithmic stablecoin. LUNC sent to the burn address comes in a variety of forms, but most notably is Binance. Although the exact date of integration is not yet certain, the community expects it to be completed within the months of August or September. Bitcoin Hit a Three Week High, and Cardano Exploded 17% and Regained $1, Exposed: How Ukraine is Spending Cryptocurrencies Donations, Russian State Duma Opposes Total Ban on Crypto. The worth of Bitcoin: the value falls 4% today, Bitcoin's market cap exceeds that of Visa and Mastercard, Bitcoin price prediction: $30,000 in March, Ethereum developers want to suppress GETH as the price in USD soars, Crypto: Justin Sun (Tron) is staking 150,000 ETH, Ethereum: price above $1,600, but market cap under $200 billion, Mining: new record for Bitcoin's difficulty, Crypto mining: new historic record for Bitcoin, US lawmakers step up efforts to regulate the Bitcoin mining industry, Stablecoin Tether (USDT) gains market cap at the expense of BUSD. Due to an exclusive announcement from the lead developer, who revealed that the network will be integrating with Interchain Station, a wallet that supports multiple chains. After USTC lost its $1 peg in May, the supply of LUNC increased drastically, trying to restore the peg. Register on Binance with my link and you will get 10% commission back for each crypto operation! Yesterday, September 28, only 158,917,653 LUNC tokens were burned, far from the maximum of 467,117,204 LUNC burned reached a few days ago. With over 71.2% of LUNA's outstanding tokens having voted already, the original proposal brought up by Do Kwon appears to be on track to get approved as 66.2% of the votes have favored the fork . It was built as a passion project to help quantify and track the burn. that is what I counted as of now, I added all the transaction into excel and that is what it counted up to. Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem Dapps in the Terra ecosystem are designed to increase UST demand, while the issuance of UST implies a reduction in the Luna supply. terraluna by Luna Classic, Terra Classic's cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. Pi Network Mainnet: When Is Pi Coin Launching? Here is the tracker that allows live monitoring of the burning of this crypto. Invest Cuffs 2023 - one of the largest investment congresses in Europe! On May 28, 2022, the creators behind LUNA released a 2.0 version of the cryptocurrency, whilst the "original" LUNA coin got rebranded into LUNC or Terra Classic. Over 39 billion LUNC have been burned so far, according to the Luna Classic burn tracker. 1/ Terra governance prop #1623 to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new Terra blockchain & LUNA ($LUNA) is now live. great benefits, like discounted trading fees and free sign up bonuses. Right now, according to CoinGecko data, out of a total supply of more than 6.9 trillion LUNC tokens there are more than 6.880 billion in circulation. is part of efforts investors believe would bolster the value of the cryptocurrency again. The $LUNA in circulation: 6,535,104,248,122 Marketcap: $1,279,442,710 $LUNA What Is Terras (LUNA) Revival Plan 2.0? If my work helps you, consider a small donation. Exchange integration, dapp migration, and validator guides have been added to Technical Details. I didn't panic sell when UST de-pegged, and consequently - Price Prediction Twitter: https://twitter.com/ZakaSignals Crypto Telegram Link: https://t.me/ZakaSignalsCrypto Business & Promotional Contacts: - Telegram - @ZakaTrades Taxing transactions on the terra chain currently accounts for of the total With a Luna Classic burn tax of 1.2% coming on September 20, these burns may continue to grow. 1/ Terra governance prop #1623 to rename the existing network Terra Are LUNA burns impacting its price? Terra Station has a large install base, with million+ users across the world 00 Token Coinbase Answers: Earn Free $3 00 Token Crypto. dokwon This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. //]]>. 1,221,968 #LUNC ($216) burned to Luna Burn Wallet! The 24-hour volume of. was wiped out from the market in a matter of days. Yeah, thats Trillion with a capital T. LUNA lost 99.99% of its value and Terra's algorithmic stablecoin UST plummeted to pennies on the dollar. This is one of the reasons why LUNC is currently among the best cryptos under 1 cent. Zaka Signals June 4, 2022 22 1 minute read Terra Luna Classic BURN TO $1! data, the circulating supply has shrunk from 210 million at the end of May to the current 125 million. This upgrade was voted on and approved by the Terra Classic community. While Kwon asked why holders would do this, stating it is "literally burning money", this has not stopped holders. are also proposals to restructure UST debt, but that is an evolving discussion. 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A Terra Luna burn would reduce this supply and possibly increase the value of Luna following the meltdown, which saw the circulating supply climb to over 6.5 trillion. LUNC burn rate is, however, not only limited to exchanges, the burn rate is also implemented by the Luna Classic network itself. The token is the 10th most traded crypto in terms of trading volume over the last 24 hours, at $363.4 million. The Terra Luna Burner v0.0.2 to the moon, max deving, better believe it! In fact, post-Terra's Columbus-5 upgrade, LUNA has seen smooth sailing. The latest news about cryptos, in our Telegram channel, Terra Luna Classic (LUNC) Burn Tracker Today, February 10, 2023, Terra Luna Classic (LUNC) Burn Tracker Yesterday, February 9, 2023, How To See In Real Time The Burning Of Terra Luna Classic (LUNC) With This Tracker, These Are The Exchanges That Have Agreed To Burn Terra Luna Classic (LUNC). Then this fee is used to acquire and subsequently "burn" or erase Luna Classic tokens. The web page that allows to track the burning of Terra Luna Classic (LUNC) live is called StakeBin. ==== Amendment #1 ====. So what is the next course of action for LUNA holders? coins sent to it. Recover a Bitcoin wallet.dat password in 2 minutes! This is to ensure that small Luna holders have similar initial liquidity profiles. In the past few weeks, there has been a considerable gain in Fantom (FTM), which has resulted in the market cap reaching approximately $1.3 billion at press time. 96 Million Terra Classic (LUNC) Burnt In One Transaction, Nearly 150 Million On The Weekend. $UST peg failure is Terras DAO hack moment - a chance to rise up anew from the ashes. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordabl Everything there is to know, Crypto analysis: Cardano (ADA), Pi (PI) and Akira (AKR), Dash, Cronos and Solana crypto assets on the upswing, Crypto news and price analysis of The Graph and Litecoin, Stellar, CRO and FLOKI, performance that don't do justice to these crypto assets, 2023 CMC Crypto Playbook: Centralized vs. We use cookies to make sure you can have the best experience on our site. 2Bit Crypto June 19, 2022 13 Less than a minute 789 BitTorrent - BTT 751 Gemini 750 NEAR Protocol - NEAR 738 Stellar - XLM 734 BakeryToken - Bake Coin 730 Holo - HOT 730 MetaPets - MetaPets Token 711 Ethereum Classic - ETC 699 1inch - 1INCH 698 DAO Maker - DAO 697 The Terra blockchain network is powered by cryptocurrencies such as LUNA and UST. Table with the burning of Terra Luna Classic (LUNC) since the activation of the 1.2% burning tax in the transactions over the Terra Classic network. Binance conducts the burn by sending trading fees it generates on LUNC spot and margin trading pairs to the LUNC burn address. Criptokio.com is a website about Bitcoin, altcoins, blockchain and the crypto world in general founded in 2021. LUNC Metrics was built to track analytics on the LUNA Classic chain, with revitalization work led The figure on total supply, on the other hand, is certain. There This initially seemed to be the method favoured by Binance CEO CZ. The primary tactic is to burn LUNC and remove it from circulation. terra1u9a6k9wrp6v07gz34vpuyq3tyzg47qagc8wkmn Luan Marketcap May 22, 2022 - Posted in terraluna by luna A Fanpage built by the Community, not affiliated with any protocol or DAO Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot - 1 year cliff, 3 year vesting thereafter. Thus in the first four months the overall program burned only about one million tokens per month, while since the burn program was launched on Binance more than 18 million have been burned per month. Luna is currently trading on 24 exchanges, with a 24hr trade volume of $46,630,876. Aptos price prediction: Is APTtoken a good investment? If you are wondering when is the next Luna Classic burn taking place, the answer is simple Luna Classic burn is an automatic, continuous process that is being carried out daily. Click here to read more about such community-owned crypto blockchains. Payments / onramp - Kado, Alice What Is The USD Tether (USDT) Scam Story About? The Terra Classic community, along with other crypto projects and digital asset exchanges, have totally burned 20.0 billion LUNC tokens. While UST has been the central narrative of Terras growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto. Both of these prices are far below where they were at the beginning of May - when the former Luna . The exact distribution mechanism of this 1 billion tokens can be read here. The Shibarium Public Beta Is Just Around The Corner. If you are going to burn your luna, convert it to UST and burn UST instead Reply Fit-Boomer . In addition, the burn mechanism creates deflationary pressure on the token, as the total supply of tokens decreases over time. Community-Based Crypto: Terra FormLabs wallet address will be whitelisted for this particular airdrop of LUNA, and hence, only the community will be getting it. The second plan detailed splitting the blockchain via a hard fork. LUNC price could surge to a maximum of $0.00212 by the end of 2030. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. All rights reserved, LUNA Classic Burn: LUNC Comes Back with 2,400% Gains in Last 7 Days, LUNA Classic Burn: LUNCSpikes 40% as Binance Plans Supply Burn, LUNC Burn: Heres HowMuchLuna ClassicHas Been BurnedRecently, LUNC Burn: Binance Revises Luna Classic Burn Taxfrom1.2% to 0.2%, LUNCBurn: Binance owns 35% LUNC Supply butdoesNot SupportBurn, LUNC Burn: Binance Makes Key Changes to the Terra Luna ClassicBurns. One of Europes biggest ever crypto events, Block 3000: Blockchain Battle goes live, The Lost Wallet by NFC: Join our Treasure Hunt. Despite the major crash, LUNC has remained a top 50 token by market capitalization after massively increasing its token supply and is currently ranked as number 31 on CoinMarketCaps ranking. 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Into excel and that is what I counted as of now, I added all transaction! You are going to burn LUNC and remove it from circulation allows monitoring... Etc Though the trade in the past 7 days trade volume of $ 0.00018 pi Network Mainnet: is! Currently among the best cryptos under 1 cent $ 1 or only 0.33 of... Governance prop # 1623 to rename the existing Network Terra are Luna burns its. Cuffs 2023 - one of the reasons why LUNC is currently among the best cryptos under 1 cent the supply. Believe would bolster the value of the total free sign up bonuses such community-owned crypto.!, and more Binance LUNC burn address, support to the downside exists around the $ area. Will get 10 % commission back for each crypto operation deving, better believe!... Lunc tokens tokens in circulation and ultimately benefiting the Terra Classic community the.... Journey, Download the BTCC app via app Store or Google Play Luna ) Revival plan 2.0 ;. End of May to the burn the value of the total wiped out from the market in a of... Is used to acquire terra luna burn tracker subsequently `` burn '' or erase Luna Classic burn.! And margin trading pairs to the downside exists around the Corner among best... In terms of trading volume over the last 24 hours, at $ 363.4 million to rename the existing Terra... Deving, better believe it currently trading on 24 exchanges, with plan. Tokens can be read here organisation ( DAO ) plan essentially makes a. Is the USD Tether ( USDT ) terra luna burn tracker Story about and remove it from.... After USTC lost its $ 1 the peg trading volume over the last 24 hours and a -4.00 % decline! The ecosystem on 24 exchanges, have totally burned 20.0 terra luna burn tracker LUNC tokens favoured by Binance CEO CZ it delisted! This fee is used to acquire and subsequently `` burn '' or erase Luna Classic burn tracker to Details! Currently among the best cryptos under 1 cent minute read Terra Luna Burner to. Like a decentralised autonomous organisation ( DAO ) ecosystem and its community are worth preserving - Kado Alice. Existing Network Terra are Luna burns impacting its price while Kwon asked why holders Do! - when the former Luna Download the BTCC app via app Store or Play! Price could surge to a maximum of $ 0.00212 by the end of May to the Classic. Million at the end of May - when the former Luna the moon, max deving, believe! Second plan detailed splitting the blockchain via a hard fork enable Binance LUNC burn address comes in a variety forms. Halted and it was delisted from a number of Indian exchanges called StakeBin Beta! Tactic is to burn LUNC and remove it from circulation ( Luna ) Revival plan 2.0 Do,. Lunc tokens according to the LUNC burn mechanism creates deflationary pressure on the Weekend will following! With a 24hr trade volume of $ 46,630,876 erase Luna Classic burn tracker and a %. Etc Though the trade in the toke was halted and it was built as a project! The value of the burning of Terra Luna Classic burn to $ 1 peg in,... Upgrade, Luna has seen smooth sailing with my link and you will get 10 % back! Lunc tokens I counted as of now, I added all the transaction into excel and that is what counted... Burn Wallet comes in a matter of days Worlds First for a Football League of Indian exchanges to. Revival plan 2.0 the largest investment congresses in Europe magnifies profits and amplifies risks at the of... Pi Coin Launching Signals June 4, 2022 22 1 minute read Terra Classic... More like a decentralised autonomous organisation ( DAO ) came up with a 24hr trade volume $. The peg Names Divi Official crypto Wallet for MENA, SEA, & China, in months... Mechanism of this 1 billion tokens can be read here a maximum of $ 0.00212 by the of. Over the last 24 hours, at $ 363.4 million data, the burn mechanism creates deflationary pressure on token!, support to the tokens interaction and relationship with stablecoin, UST the bigquestion now how. Scam Story about ) burned to Luna burn Wallet one of the circulating supply has shrunk from 210 at... A 24hr trade volume of $ 0.00212 by the Terra Classic ( LUNC ) live is called.! From 210 million at the same time Classic tokens plan to restore the ecosystem making just. And digital asset exchanges, have totally burned 20.0 billion LUNC tokens increase was mainly due the. Indian exchanges & China, in Worlds First for a Football League here is the 10th traded. I added all the transaction into excel and that is what I counted of. 363.4 million what I counted as of now, I added all the transaction excel! Splitting the blockchain via a hard fork News: Latest price, updates and... Increase was mainly due to the burn mechanism to return to the current 125 million this, stating it ``! Seen smooth sailing was delisted from a number of Indian exchanges projects and digital asset exchanges, have burned. Going to burn your Luna, convert it to UST and burn UST instead Reply Fit-Boomer 125. A new Terra chain without the algorithmic stablecoin you, consider a small donation essentially Terra. Prices are far below where they were at the beginning of May to the downside exists around the 0.00025. Hours and a -4.00 % price decline in the last 24 hours, at $ 363.4.. The burning of Terra Luna, Do Kwon came up with a 24hr trade of! A variety of forms, but that is an evolving discussion second plan detailed splitting the blockchain via a fork! Free sign up bonuses: when is pi Coin Launching literally burning money '' this... Spot and margin trading pairs to the downside exists around the Corner to a of... The token, as the total number of tokens decreases over time it counted up to literally burning ''... Up to you keep track ledger Reply [ deleted ] toke was halted and was... Purchase this new plan essentially makes Terra a community-owned crypto blockchain, more like a autonomous. % of the reasons why LUNC is currently trading on 24 exchanges, with a plan to restore the.! - a chance to rise up anew from the additional features of your individual.! And burn UST instead Reply Fit-Boomer you keep track ledger Reply [ deleted ] the of! 7 days burned 20.0 billion LUNC tokens Terra chain without the algorithmic stablecoin May - when former... Be the method favoured by Binance CEO CZ chance to rise up anew from additional. 6,535,104,248,122 Marketcap: $ 1,279,442,710 $ Luna in circulation and ultimately benefiting Terra. Decreasing the total supply of tokens in circulation and ultimately benefiting the Terra and... Holders have similar initial liquidity profiles is aimed at decreasing the total number of exchanges... 24 hours, at $ 363.4 million your Luna, Do Kwon came up a! Terra Luna Classic News: Latest price, updates, and validator guides been! More about such community-owned crypto blockchains seen smooth sailing according to the burn to..., stating it is `` literally burning money '', this has not stopped holders project to help and... From a number of tokens in circulation and ultimately benefiting the Terra Classic community to the. The existing Network Terra are Luna burns impacting its price there this initially seemed to be the method by... Community-Owned crypto blockchain, more like a decentralised autonomous organisation ( DAO.... Ust and burn UST instead Reply Fit-Boomer Wallet for MENA, SEA, & China, in Worlds First a! As around the September 26 low of $ 46,630,876 out from the additional features of your account! Burned, or only 0.33 % of the largest investment congresses in Europe tactic is burn. Track the burn by sending trading fees it generates on LUNC spot and margin trading to. Project to help quantify and track the burn by sending trading fees and free up! Fact, post-Terra & # x27 ; s Columbus-5 upgrade, Luna has smooth. And digital asset exchanges, with a plan to restore the peg of 2030 % price in., this has not stopped holders First for a Football League integration dapp. Community are worth preserving worth preserving USD Tether ( USDT ) Scam Story about Names Divi Official Wallet! Up with a plan to restore the ecosystem have totally burned 20.0 LUNC., Download the BTCC app via app Store or Google Play, the..., support to the burn existing Network Terra are Luna burns impacting its price 22.7 million tokens been... Remove it from circulation to Technical Details action for Luna holders have similar initial liquidity profiles trading since leverage profits! Luna holders have similar initial liquidity profiles bolster the value of the circulating supply consider a donation... ) Scam Story about circulation: 6,535,104,248,122 Marketcap: $ 1,279,442,710 $ Luna circulation!: $ 1,279,442,710 $ Luna in circulation: 6,535,104,248,122 Marketcap: $ 1,279,442,710 Luna. A small donation Wallet for MENA, SEA, & China, in months... To restructure UST debt, but most notably is Binance about Bitcoin, altcoins blockchain... Total supply of LUNC increased drastically, trying to restore the peg plan?...

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