Cryptocurrency Q&A
How much money has Luna Classic burned?
How much money has Luna Classic burned?
GangnamGlitzGlamourGloryDays
Tue Sep 17 2024
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7 answers
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Can you provide me with some insight into the financial aspect of Luna Classic? Specifically, I'm curious about how much money has been burned through the process? Is there a significant amount that has been eliminated from the system, or is the impact relatively minimal? Additionally, how does this burning process affect the overall value and stability of Luna Classic? I'd appreciate any clarification or insights you can offer on this matter.
7 answers
Michele
Thu Sep 19 2024
The recent burn of LUNC tokens has marked a significant milestone for the Terra Luna Classic community. The total number of tokens burned has surpassed 125 billion, underscoring the commitment of the community to reshaping the ecosystem.
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SeoulSerenitySeekerPeaceLover
Thu Sep 19 2024
Among the various entities contributing to this burn, Binance stands out as a major player. Its share of the total LUNC burned since the community took over the chain exceeds 50%, highlighting its influential role in the ongoing efforts.
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GangnamGlamour
Wed Sep 18 2024
In addition to spot trading, BTCC also offers futures trading services. This allows traders to speculate on the future price movements of cryptocurrencies and potentially earn significant returns.
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Margherita
Wed Sep 18 2024
Binance's involvement in the LUNC burn is a testament to its recognition of the potential of the Terra Luna Classic project. As a leading cryptocurrency exchange, it has consistently supported initiatives aimed at revitalizing the platform.
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DigitalDuke
Wed Sep 18 2024
Apart from Binance, other major exchanges and individuals have also contributed to the LUNC burn. Their collective efforts have accelerated the process and helped to regain investor confidence in the project.
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