Terra Classic

<ul><li>Binance&#39;s latest token burn involves 760 million LUNC tokens, reaching a 40 billion total.</li><li>The Terra Luna Classic community has collectively burned a significant 76 billion LUNC tokens.</li><li>FUD and reduced developer activity have led to a decline in Binance&#39;s monthly LUNC burn rate.</li></ul>Binance, the world&#39;s most prominent cryptocurrency exchange, has taken another significant step. On November 1, the platform <a href="https://finder.terra-classic.hexxagon.io/mainnet/tx/168267B949F6696B30B11B4B6A9B89C5A79771F8DD9EA22F67ADD63DE8BE3F12" rel="noopener noreferrer nofollow">confirmed</a> the destruction of an astounding 760.42 million Terra Luna Classic (LUNC) tokens. This action marks the 15th episode in their ongoing LUNC burn initiative, bringing their cumulative contribution close to the 40 billion mark.The magnitude of this recent move is evident when viewed from a broader perspective. Since the community took over the reins post the 2022 Terra-LUNA debacle, a collective total of over 76 billion LUNC tokens has been incinerated. This demonstrates the dedication and preventative precautions that cryptocurrency exchanges like Binance, as well as the community at large, are doing.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f50f3ce2cc6a4febae6dc30bcc9e5b40.png" />Binance’s consistency in the burning campaign has been evident. Just a month ago, the exchange had obliterated a whopping 1.01 billion Terra Luna Classic tokens from its reserves. However, there was a noticeable decrease in the burn rate recently. Factors influencing this decline seem to be a combination of negative market sentiments (often referred to as FUD or Fear, Uncertainty, Doubt), a decline in developer activity, and diminished LUNC trade volumes on the platform.Read full article a<a href="https://cryptotale.org/binance-initiates-15th-lunc-token-burn-eliminating-760-million-units/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

Binance Initiates 15th LUNC Token Burn, Eliminating 760 Million Unit

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