Cryptocurrency exchange Binance, previously announced LUNCcompleted the third week of the combustion mechanism.
Having collapsed with the Terra crisis and dragging the markets to the bottom luna, Terra Classic ( LUNC ) was restructured. The community, which wants to bring the popular cryptocurrency back to its old days, is conducting various studies. The most popular of these Binancebecame the weekly burning mechanism initiated by the stock exchange.
Binance Continues Weekly LUNC Burn
Popular crypto project, Terra Rebels It was restructured with the support of . A solution is sought by burning the circulating supply, which is the most demanded issue by the community and investors. The project community team wants to get rid of a third of the supply, specifically by improving the ecosystem.
In the third week of the Binance burn mechanism, approximately 2.5 billion units LUNC sent the token to infinity. The value of the burning process, which became the agenda in a short time on social media, was approximately 659 thousand dollars.
Binance CEO recently Changpeng Zhao proposed a new method for the popular token. According to the method discussed by the community, the rates of the combustion mechanism will be reduced so that the remaining money can be spent on the ecosystem. However, a clear explanation of this idea has not yet been made.
