- Almost 43.6 billion LUNC, or more than 51% have come from Binance.
- There is a total supply of 6.82 trillion LUNC, with 5.83 trillion tokens already in circulation.
From May 18, 2022, till the present, the Terra Luna Classic community has burned 85 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. Almost 43.6 billion LUNC, or more than 51% of the total LUNC burnt thus far, have come from Binance.
There is a total supply of 6.82 trillion LUNC, with 5.83 trillion tokens already in circulation. Nonetheless, in order to raise the LUNC burn rate, the community must continue to enhance usefulness.
Following Do Kwon’s separation of the chain from TFL, Terra Luna Classic is overseen by developers accepted by the community, trustworthy validators, and members. Binance sends billions of LUNC to the burn address monthly, and the community burns an average of 200 million LUNC every week.
For the sixteenth round of the LUNC burn, which took place on December 1st, Binance burned around 4 billion LUNC tokens. After Binance and other exchanges introduced USTC perpetual contracts and put out new USTC and LUNC pairings, LUNC spot and margin trading volumes rose, contributing to the enormous burn.
Significant Upgrade
In order to fix the sequence mismatch problem that affected several validators when the dyncomm module was introduced, core developer L1TF of Terra Luna Classic has finished the v2.3.2 upgrade. Validators are again up and running, interacting with the Terra Classic chain as before.
Around 12:38 UTC on December 8, the Terra Classic upgrade was carried out in order to deliver Terrad Client v2.3.2. This occurred at block 15751600. To make it easier for validators and node operators to apply modifications when the chain automatically halts, core developer L1TF revised the proposal to be an upgrade.
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