In [Online]. Some top cryptocurrency exchanges have already announced that, they will support the proposal once it goes live on September 20, 2022, John Richmond Planning to Design SHIB-Themed Apparels for Shiba Inu Metaverse, Address Dormant For 2 Years Sends 68B Shiba Inu To Voyager, BabyDoge Burns 1 Quadrillion Tokens in One Transaction, Relist XRP Trends as Coinbase Launches Crypto Advocacy Campaign, Uphold Responds, Shiba Inu Announces Its Exhibition Date for Upcoming SXSW 2023 Festival, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, Shiba Inu Lead Developer Reacts As Shibarium Gets New Support. TERRA LUNA CLASSIC HUGE BURN || PRICE EXPLODING RIGHT NOW more to come ! Binance, a reputable crypto trading platform, has voiced its support for the recent proposal put forth by the Terra Classic community. Decentralized Lending Risk Management; Lessons Learned with Compound Labs, 2023 CMC Crypto Playbook: How DEXs Can Surpass CEXs by Uniswap Labs, Uniswap: debate over a16z's "heavy" vote in DEX governance, The futuristic forecasts regarding decentralized finance (DeFi), Neal Stephenson critical about future adoption of metaverse: it will be very difficult, Bored Ape's Yuga Labs announces TwelveFold, the first NFT project on Bitcoin, 2023 CMC Crypto Playbook: Blockchain Gaming What Lies Ahead by Naavik, Crypto news: Calvaria card game available on exchanges. At this rate it will take a little less than a year and a half to burn only 1% of the total supply, and about fifteen years to get to 10%. The big question now is how high LUNC price will go following the next LUNC burn.. Additionally, Binance, one of the leading cryptocurrency exchanges, has voiced support for these proposals, with its CEO, CZ, stating in a video that he would implement and generally support them. 27,337,229 #LUNC ($7,914) burned! The thing is, Lunas total supply continues to increase. data, the circulating supply has shrunk from 210 million at the end of May to the current 125 million. 1/ Terra governance prop #1623 to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new Terra blockchain & LUNA ($LUNA) is now live. It was a hard lesson to learn. ad-free. Bitcoin Beach: the wallet project born in El Salvador expands. Once the proposal was passed through a community vote, 10% of LUNAs circulating supply was burned and the same was expected to reduce overtime. Structured products - Nexus, Apollo, Aperture LunaBurn is a page that instantly displays the total and circulating of lunc supply. For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00) Although no official announcement has been made concerning an increase in burns, a Twitter user brought some interesting data to light. However, support to the downside exists around the $0.00025 area, as well as around the September 26 low of $0.00018. All financial investments, including crypto, carry significant risk, so always do your complete research before investing. Nothing sparks demand quite like decreasing supply. NFT exchange - Randomearth, Knowhere, Oneplanet, Luart, Talis We update our LUNC to USD price in real-time. The #BurnLuna hashtag trended on Twitter throughout the voting process. The community is now waiting for full integration of these proposals into the Luna Classic platform. The crypto industry was left flattered when the fall of Terra almost wiped out $60 billion from the market valuation. What Is The USD Tether (USDT) Scam Story About? The worlds longest-running cryptocurrency exchange since 2011 2011-2023 BTCC.com. 0.553715 % in Decreases from the LUNA Classic Circulation Supply, 4.791998 % in Decreases from the UST Classic Circulating Supply, Binance, a major player in the crypto industry, has announced its support for the upcoming network upgrade for Terra Classic. It is possible that the prices of not only LUNA but also LUNC were affected by the judicial problems of founder Do Kwon. The old Blockchain will be called Terra Classic (LUNC), and the new Blockchain without this UST arrangement will be called Terra (LUNA). Although distressed, strong brand recognition and a name that almost everyone in the world will have heard about Sign up for BTCC now to build your own portfolio! 2% increase. 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. New Inflation Rate: In the revival plan, Do Kwon said that the existing revenue streams wont be sufficient to cover the cost of security without increasing swap fees. He remained in close contact with the Luna team ever since the partial Luna delisting on Binance. Please create an employee account to be able to mark statistics as favorites. Get full access to all features within our Business Solutions. support of the Terra community, Binance decided to donate all LUNC trading fees to the burn. In this update, we'll be taking a closer look at what these proposals entail and the impact they will have on the Luna Classic ecosystem. Currently, there are two mechanisms to burn LUNC: on-chain taxation, and donations sent to the In the specific case of Luna Classic, the May implosion was also due to an incredible explosion in the amount of LUNC tokens, even though they were still called simply LUNA at the time. The news pushed the token up from lows of around $0.00018 that day to around $0.00037 on October 2, more than a doubling of its price in just six days. In fact, he is wanted by police in South Korea, his home country, who would like to arrest him. 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. Chart. warranties on accuracy. The potential for further financial strain is anticipated to be intensified by Binance's choice to decrease its token burning practices. If you want to buy/sell/trade LUNC, you can support this website by signing up with one of our Gfinity Esports is supported by its audience. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Before the collapse, the original LUNA token traded as high as $120. Wallet - Station, Leap, Falcon While Kwon asked why holders would do this, stating it is "literally burning money", this has not stopped holders. Daily Burn Stats for Sat Sep 17 2022! Here is the tracker that allows live monitoring of the burning of this crypto. The web page that allows to track the burning of Terra Luna Classic (LUNC) live is called StakeBin. The Terra Classic community has recently cast their votes in favor of Proposition 11111, which aims to repeal Proposition 10983 and change the way LUNC tokens are distributed and burned. Lending market - Mars, Edge The ultimate goal of Terra is to be a community-owned Blockchain. However, it still needs to be waited for another 10 days for the Terra Foundation to respond and take over the code. 1/ Terra governance prop #1623 to rename the existing network Terra Are LUNA burns impacting its price? It was built as a passion project to help quantify and track the burn. But to no avail. Terra Classic is +0.01% in the last 24 hours. 36% increase. Here, it is to be noted that the burning strategy, isn't new. 10% earmarked for developers 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. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu, terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe, terra1sq6th05hdwwwxvymzytc93lvhjxyx4pkjurhgj, terra1w8nc8ev0ylg97qnj080np4lnljngdvpd90ev63, terra13s4gwzxv6dycfctvddfuy6r3zm7d6zklynzzj5, terra120ppepaj2lh5vreadx42wnjjznh55vvktwj679, terra1v74a5u6qsjuj4gu6at9yn4p35uctcz82f02fau, terra1rvxcszyfecrt2v3a7md8p30hvu39kj6xf48w9e, terra1akdd36ty2hvmfqqr7zt8jqpte0r7d37e5rynuw, terra153mwt0upple9klvrryrtckx9vneguw6ja33d3c, terra1j435gkgg8d0qadjcn09s73rtk5k3ftrx7mc4a8, MsgSend: Transfers from one wallet to another, MsgMultiSend: Multiple senders/receivers in a single transaction, MsgSwapSend: Swapping coins/tokens and sending to a wallet, MsgInstantiateContract: Creating a new smart contract, MsgExecuteContract: Smart contract transaction. 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff This new plan essentially makes Terra a community-owned crypto Blockchain, more like a decentralised autonomous organisation (DAO). As a result, LUNC price plummeted from over $100 in April to less than 1 cent about a month later. Insurance - Risk Harbor The trend had even continued over the past few days. The new Luna, on the other hand, is the one born after the implosion with the new Terra project, which is why it is also called Luna 2.0. It is worth noting that the rate of Luna Classic token burns decreased after proposal 5234 was enacted, which reduced tax burn from 1.2% to 0.2%. M.Cap: 1,129,434,904,115.00 In today's video, I will talk about the luna token which is burning a lot and in the next 48 hours, we can see a lot of pumps.#LUNA #terraluna #lunacoin #cry. LUNC Metrics was built to track analytics on the LUNA Classic chain, with revitalization work led LUNC price could surge to a maximum of $0.00212 by the end of 2030. Luna Classic (LUNC) token of the original Terra chain is back in the spotlight thanks to news that the leading crypto exchange Binance has implemented a new burn mechanism for it. centralized exchanges like Binance and Kucoin. New comments cannot be posted and votes cannot be cast. Binance conducts the burn by sending trading fees it generates on LUNC spot and margin trading pairs to the LUNC burn address. May 22, 2022 - Posted in terraluna by luna Do Kwon has given the community the official address for burning $LUNA The price has already gone up 70%+ in one hour as the community has decided to start burning the tokens. This makes up just making up just 0.055% of the circulating supply. 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 From a low of $0.00004 in early June, the token is now up by close to 600%, trading at $0.00029 as of press time at 11:48 UTC. donations are made by LUNC validators and community members. Luna Classic Burn: How Many LUNC Have Been Burned So Far? The next burn is scheduled for Tuesday, October 11, at 00:00 UTC. Target staking rewards of 7% p.a. Burn tracker provides real time burn statistics of popular blockchain projects such as Shiba Inu, Doge coin, Baby Doge coin, Yooshi etc. LUNC is currently down 10% in price today to $0.0001094 meanwhile USTC is down 21% to $0.01905. Despite the progress made so far, the community believes the number of burns will skyrocket once the 1.2% tax burn is implemented for all LUNC on-chain transactions. An international arrest warrant hangs over him, so it may not be easy to find countries where law enforcement refuses to arrest him. window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). In theory, the circulating supply should be more important than the total supply, but even in the case of LUNA the apparent reduction in circulating supply has not been good for the price. The bigquestion now is how high LUNC price will go following the next LUNCburn. 24-hour trading volume is $48.39M USD. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Any amount helps! And that's how Terra 2.0 was born. //