Binance Burns Additional Terra Luna Classic (LUNC) Tokens After Monthly Burn
Release: 2024/05/16 05:19 Reading: 559
- Original author：Coingape News Media
- Original source：https://coingape.com/?p=197153
The world's largest crypto exchange Binance burns additional Terra Luna Classic tokens after a monthly LUNC burn. The crypto exchange burned 1.4 billion LUNC tokens in its 21st batch of the LUNC burn mechanism recently. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed over 59 billion.
Moreover, the total LUNC tokens burned by the Terra Luna Classic community has reached over 113 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism.
Terra Luna Classic (LUNC) Burns By Binance
Crypto exchange Binance sent 56,911 Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction. The transaction came a few days after the monthly LUNC burn by Binance, similar to transactions seen in the last few months. The reason behind the low-value burn transactions remains unclear.
Crypto exchange Binance sent 4.17 billion Terra Luna Classic (LUNC) tokens to the burn address on May 1. Binance has now burned nearly 59.07 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs. In April, Binance burned over 100K LUNC tokens days after it incinerated 4.17 billion LUNC tokens. Similar incidences happened in earlier months too.
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