It is worth mentioning, however, that different aggregators report different data regarding the actual circulating supply, so this figure is not to be taken with certainty. LUNC price could surge to a maximum of $0.00212 by the end of 2030. This helps to ensure that Luna Classic tokens remain scarce and valuable for the long term. donations are made by LUNC validators and community members. An international arrest warrant hangs over him, so it may not be easy to find countries where law enforcement refuses to arrest him. warranties on accuracy. Use search engine; Visit some websites; Buying stuff; Or you can send your tokens to the dead wallet if you are in good mood ;) Each referral code includes In comparison, the most traded crypto, the stablecoin Tether (USDT), had a 24-hour trading volume of $37.33 billion. Terra Ecosystem Revival Plan 2 [AMENDED] UST or LUNA on Terra protocols that cannot be easily identified Burn tracker provides real time burn statistics of popular blockchain projects such as Shiba Inu, Doge coin, Baby Doge coin, Yooshi etc. People are wondering: did Ripple lose the lawsuit with the SEC. The official LUNC burn wallet address is terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. Structured products - Nexus, Apollo, Aperture The primary tactic is to burn LUNC and remove it from circulation. According to the explorer, through 6242 transactions, holders have burned 3.85 billion Luna as of September 13. In New Inflation Rate: In the revival plan, Do Kwon said that the existing revenue streams wont be sufficient to cover the cost of security without increasing swap fees. Distribution Mechanism: The new token LUNA will be airdropped (i.e., given for free) to all those who stake i.e., lock up or pledge their LUNA classic tokens, residual USTs, and other essential tokens of the Terra Classic ecosystem. Assets that may not be included: UST or LUNA bridged off of Terra Step 2: Select a validator from the list by clicking on their name. Before the collapse, the original LUNA token traded as high as $120. This means that when a transaction occurs on the blockchain, tokens are burned automatically. Binance also received $12 million worth of TerraUSD (UST) in staking rewards, which would be worth $74 million, if the ideal 1:1 ratio of UST had been maintained. This new plan essentially makes Terra a community-owned crypto Blockchain, more like a decentralised autonomous organisation (DAO). exchanges will join the burn. following types: On the LUNA Classic chain, there is an official wallet address that will automatically burn any Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. Table with the burning of Terra Luna Classic (LUNC) since the activation of the 1.2% burning tax in the transactions over the Terra Classic network. You can only download this statistic as a Premium user. Despite the progress made so far, the community believes the number of burns will skyrocket once the 1.2% tax burn is implemented for all LUNC on-chain transactions. Much like the success of Shiba Inu burns among the SHIB community, will holders be successful at implementing Luna burns? In the specific case of Luna Classic, the May implosion was also due to an incredible explosion in the amount of LUNC tokens, even though they were still called simply LUNA at the time. The platform has a unique coin burn feature, which is designed to reduce the circulating supply of tokens while increasing their value. How many tokens have been burned already? Pre-attack LUNA holders: 35% Are you interested in testing our business solutions? In the past few weeks, there has been a considerable gain in Fantom (FTM), which has resulted in the market cap reaching approximately $1.3 billion at press time. 79 burns @ 4 BPH. With the Luna crypto crash seeing the Luna circulating supply skyrocket to over 6.9 trillion coins, several holders wanted to see a Terra Luna burn to decrease this supply and potentially increase its value. The worth of Bitcoin: the value falls 4% today, Bitcoin's market cap exceeds that of Visa and Mastercard, Bitcoin price prediction: $30,000 in March, Ethereum developers want to suppress GETH as the price in USD soars, Crypto: Justin Sun (Tron) is staking 150,000 ETH, Ethereum: price above $1,600, but market cap under $200 billion, Mining: new record for Bitcoin's difficulty, Crypto mining: new historic record for Bitcoin, US lawmakers step up efforts to regulate the Bitcoin mining industry, Stablecoin Tether (USDT) gains market cap at the expense of BUSD. If you continue to use this site we will assume that you are happy with it. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. As for Terra Classic, it seems impossible for the new team to rebuild everything that was lost with the May implosion. The upgrade, dubbed the Terra Classic network, has been live since February 25th, 2023, and is expected to improve the overall stability and security of the Terra ecosystem. TerraUSD, Terra's native stablecoin, is backed by LUNA. LUNA sent to Terra address "terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu"; No supply figures were provided for LUNC during the summer of 2022. Access to this and all other statistics on 80,000 topics from, Show sources information Therefore, if the current pace were maintained, the burn rate would be 18 times that of the first four months. Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. Other Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00) Once the proposal was passed through a community vote, 10% of LUNAs circulating supply was burned and the same was expected to reduce overtime. By understanding the deflationary nature of Luna Classic tokens and their burn mechanism, users can better understand why reducing the circulating supply is important for increasing their value over time. 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Statista. Any amount helps! To the upside, the first target to look for would be the high from October 2 of $0.00037, after which further upside towards $0.0006 could be in the cards. Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken. Lunc Burner Online Your Burn Tracker for Terra Luna Classic Last update: 26. Data from CoinMarketCap indicates that the circulating supply of Luna Classic (LUNC) is currently standing at 6.15 trillion tokens. After a spike in early September, which was immediately retraced, the price fell from about $3 to $2.4. There are also other problems related to the current and future development of the two projects. Just ask Terra, the community charged with maintaining the LUNA utility token protocol and terraUSD stablecoin developed by Terraform Labs.. On Tuesday, the community voted to burn just shy of 89 million LUNA tokens (roughly $4.5 billion). [CDATA[ The $LUNA in circulation: 6,535,104,248,122 Marketcap: $1,279,442,710 $LUNA What Is Terras (LUNA) Revival Plan 2.0? Games - UNOPND etc Create a new Terra chain without the algorithmic stablecoin. 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Available: https://www.statista.com/statistics/1317271/luna-burn-rate/, Share of circulating supply of Terra Classic (LUNC) burned on the blockchain address shared by Do Kwon on May 21, 2022, up until October 4, 2022, Available to download in PNG, PDF, XLS format, TerraClassicUSD USTC/USD price history up until October 20, 2022, 10-day Terra LUNA/USD realized volatility until May 12, 2022, Daily Terra Classic (LUNC) market cap history up until August 2, 2022, Daily TerraClassicUSD (USTC) market cap history up until August 2, 2022, Market cap of 120 crypto - incl stablecoin, NFT, DeFi, metaverse - in November 2022, Terra Classic (LUNC) dominance history up until July 7, 2022, TerraClassicUSD (USTC) dominance history up until July 7, 2022, Market dominance of 12 cryptocurrencies on November 15, 2022, Terra (LUNA) daily transaction volume up until March 23, 2022, Monthly active Terra (LUNA) addresses 2021-2022, Terra (LUNA) gas price history up until March 23, 2022, Transaction speed ranking of 69 crypto - including DeFi and metaverse - in 2022, Daily Terra (LUNA) trading volume history up until May 16, 2022, Daily TerraUSD (UST) trading volume history up until March 22, 2022, Biggest Terra (LUNA) exchanges based on 24h volume on March 24, 2022, Biggest TerraUSD (UST) exchanges based on 24h volume on March 24, 2022, Terra (LUNA) Sharpe ratio until March 23, 2022, TerraUSD (UST) circulating supply history up until July 7, 2022, Top 20 cryptocurrencies with the most value being staked as of November 11, 2022, Terra (LUNA) largest staking pools as of March 24, 2022, Maximum/current supply of 100 cryptocurrencies worldwide as of February 21, 2023, Monthly market share of 16 different crypto exchanges 2021-2023, Daily 24h volume of all crypto combined up until November 10, 2022, Solana (SOL) circulating supply history up until November 10, 2022, Quarterly number of crypto users in Germany 2021-2022, Quarterly number of crypto users in the U.S. 2021-2022, Quarterly number of crypto users in Mexico 2021-2022, Quarterly number of crypto users in Brazil 2021-2022, Quarterly number of crypto users in France 2021-2022, Quarterly number of crypto users in Italy 2021-2022, Quarterly number of crypto users in the UK 2021-2022, Information sources for cryptocurrency investing among users of Huobi 2022, Bitcoin (BTC) circulating supply history up until November 14, 2022, Crypto adoption in the U.S. as of November 2022, by age and gender, The 23 most popular crypto exchanges in the U.S. 2022, Weekly market cap of all cryptocurrencies combined up until February 2023, Top 100 crypto exchanges in the world based on 24h trade volume on November 14, 2022, Cardano (ADA) circulating supply history up until July 7, 2022, Find your information in our database containing over 20,000 reports. 109. Only transactions that happen on chain can be taxed. It will be interesting to see how this number changes over time. Terra Luna Classic's largest validator Allnodes was the proposer of the block. The daily burning rate is approximated to be $50,000 worth of LUNC. The Terra Classic community has recently cast their votes in favor of Proposition 11111, which aims to repeal Proposition 10983 and change the way LUNC tokens are distributed and burned. Accessed March 02, 2023. https://www.statista.com/statistics/1317271/luna-burn-rate/, Statista. . Show publisher information Read below to find out. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Stablecoins - USDT / USDC bridged over Users burn Luna to mint Terra and burn Terra to mint Luna, all incentivized by the protocol's algorithmic market module. You have entered an incorrect email address! 1,221,968 #LUNC ($216) burned to Luna Burn Wallet! Bridges - Axelar, Wormhole Community-Based Crypto: Terra FormLabs wallet address will be whitelisted for this particular airdrop of LUNA, and hence, only the community will be getting it. by the Terra Rebels. In other words, the burn program is proceeding very slowly, so much so that the price of LUNC since the peak in early September has been falling almost steadily. It did, technically, have the same effect as a burn could in reducing the supply, although deciding to restart the chain was a more nuclear approach. The bigquestion now is how high LUNC price will go following the next LUNCburn. Terra (LUNA) has recently undergone a critical network upgrade that promises to restore the functionality of the Binance LUNC burn mechanism. One of the main reasons for this change is the current low burn rate. - Price Prediction Twitter: https://twitter.com/ZakaSignals Crypto Telegram Link: https://t.me/ZakaSignalsCrypto Business & Promotional Contacts: - Telegram - @ZakaTrades Since the Terra blowout, several proposals were made by the community to increase burns and inflate the value of LUNA tokens. The protocol consists of two main tokens, Terra and Luna. Register in seconds and access exclusive features. Binance conducts the burn by sending trading fees it generates on LUNC spot and margin trading pairs to the LUNC burn address. Indeed, in late September the famous exchange announced the introduction of a burn mechanism on all fees on LUNC trading pairs, but as seen above this has only led to a slight acceleration of the process. 27,337,229 #LUNC ($7,914) burned! This website does NOT constitute or offer any sort of financial advice and provides no May 22, 2022 - Posted in terraluna by luna Do Kwon has given the community the official address for burning $LUNA The price has already gone up 70%+ in one hour as the community has decided to start burning the tokens. The web page that allows to track the burning of Terra Luna Classic (LUNC) live is called StakeBin. There are several ways to burn tokens, and everyone can participate to the party. Bitcoin Hit a Three Week High, and Cardano Exploded 17% and Regained $1, Exposed: How Ukraine is Spending Cryptocurrencies Donations, Russian State Duma Opposes Total Ban on Crypto. //
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