Terra Classic

Terra

Binance burns over 1 billion Terra Classic (LUNC) in its latest incineration batch, as total LUNC burns finally cross the 60 billion thresholds. Binance remains committed to its Terra Classic (LUNC) burn efforts, having recently incinerated over 1 billion LUNC, worth $88K+, in the latest monthly batch. Binance's contribution has been instrumental in pushing total LUNC burns across the 60 billion thresholds.  Data from Terra Finder reveals that the burn, which occurred on June 1 at 14:14 (UTC), involved exactly 1,044,105,203 (1.044 billion) LUNC valued at $88,707. This burn transaction involved 50% of the fees the exchange collected on Terra Classic trades on its platform for May. The cumulative amount of LUNC burned by Binance now totals 32.8 billion tokens, as the exchange retains its position as the largest contributor to the initiative. This represents the fourth and the lowest batch of burns carried out by Binance since it resumed support for the campaign. Notably, Binance recommenced burns on March 2, a few hours after the Terra Classic upgrade to v1.1.0. The upgrade implemented changes to the network that addressed concerns raised by the exchange about LUNC burns. Binance burned 8.8 billion on March 2. This figure represented 50% of

Binance Burns 1B+ Terra Classic as LUNC Burns Finally Cross 60B Mark

TheCryptoBasic

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