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There's a segment of the Terra Classic chain whose burns are worthless and insufficient. I agree that they are insufficient, but let's discuss whether they are worthless using the example of $USTC...

With the latest burns, the total supply of $USTC has decreased to 6,094,819,198 units. The amount of $USTC burned after the crash has reached 5,185,684,271 units.

You can see that the current total supply of $USTC and the USTC supply burned since the crash are very similar. Binance is burning $LUNC, but not $USTC. Despite this, USTC burns have occurred in significant amounts. It's also worth noting that the USTC held in TFL's wallets hasn't yet been burned...

During the LUNA/UST attack, TFL's goal was to burn the UST supply to bring the UST peg to $1. This didn't happen at the time of the attack. The UST supply has decreased from 21 billion units to 12 billion units. You can see that the process is still ongoing. The burns continue unabated.

Side Note: We believe USTC is now salvageable. If Binance had offered the same burn support for USTC as it did for LUNC, or if it had offered it only for USTC, USTC's situation would be completely different.

If Binance is burning LUNC instead of USTC, there's a reason!!!

I've presented the data. I've made my comment. Do you think the burns are worthless?

#USTC #LUNC #TerraClassic #Altcoins #Bullish