Cryptocurrency Q&A
How much lunc burned?
How much lunc burned?
TeaCeremony
Wed May 29 2024
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7 answers
1688
Could you please elaborate on the amount of LUNC that has been burned? I'm quite curious to know the exact figure and how it impacts the overall market of the cryptocurrency. Could you also explain the significance of this burning process and how it affects the value and future prospects of LUNC? Additionally, I'm interested in understanding the reasons behind this burning and whether it's a strategic move by the developers or a result of market forces. Thank you for your clarification.
7 answers
BusanBeauty
Fri May 31 2024
Binance's commitment to the LUNC burn mechanism is a testament to its role as a responsible and proactive player in the cryptocurrency industry.
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SeoulSerenitySeeker
Fri May 31 2024
This action demonstrates Binance's dedication to reducing the supply of LUNC tokens and potentially increasing their scarcity.
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TaekwondoMasterStrengthHonor
Fri May 31 2024
Currently, the circulating supply of LUNC tokens stands at approximately 5.78 trillion, while the total supply is 6.81 trillion.
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ethan_carter_engineer
Fri May 31 2024
Binance, a leading cryptocurrency exchange, has been actively engaging in the burning of Terra Luna Classic (LUNC) tokens.
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Elena
Fri May 31 2024
As part of its ongoing commitment, Binance has successfully burned 52 billion LUNC tokens to date.
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