96 Million Terra Classic (LUNC) Burnt In One Transaction, Nearly 150 Million On The Weekend. Luna (LUNA) price is up 0.120000% in the last 24 hours. Network security to be incentivized with token inflation. The #BurnLuna hashtag trended on Twitter throughout the voting process. And it helps keep this site Terra Validators Delegate to Smart Stake Total Stake ($LUNA) 524,019,340 Staking APR / APY (%) 14.5963/15.7 Percent Staked 49.20% Pending Undelegations (1/7 days/ all) 282.4k/6.7m/12.0m ** Staking APR is based on inflation, block rate, 0% commission, and does not reflect transaction fees. Oct 2, 2022 3 min read Image: Shutterstock The value of Luna Classic, LUNC, is up over 70% for the week and up over 44% for the month, hitting $0.000365 mid Sunday as traders awaited final token burn numbers from Binance. Stablecoins - USDT / USDC bridged over With a Luna Classic burn tax of 1.2% coming on September 20, these burns may continue to grow. exchanges will join the burn. If you want to buy/sell/trade LUNC, you can support this website by signing up with one of our The figure on total supply, on the other hand, is certain. Pi Network Mainnet: When Is Pi Coin Launching? Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. https://t.co/nx9poA1RMm #LunaBurn #BurnLuna. The crypto industry was left flattered when the fall of Terra almost wiped out $60 billion from the market valuation. The Shibarium Public Beta Is Just Around The Corner. 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. Each referral code includes Terra Classic Price | LUNC Price Index, Live Chart and USD Converter - Binance 2023-02-28 - The live price of LUNC is $0.0001621 per (LUNC / USD) today with a current market cap of $958.86M USD. LUNC classic is a site where investors can follow instantly. Post-attack LUNA holders: 10% The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. For a transaction to be included in the on-chain tax scheme, the transactions must be one of the Terra Luna Classic Burn: Community Efforts to Burn LUNC Continue! Terra Classic Luna investors have continued to support the project as they hope to make LUNC valuable again via a series of community efforts, including burns and staking. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. LUNC is currently down 10% in price today to $0.0001094 meanwhile USTC is down 21% to $0.01905. So at this time it is not surprising that both LUNC and LUNA perform poorly in the markets, partly because enthusiasm for them has now died down. As a Premium user you get access to the detailed source references and background information about this statistic. Target staking rewards of 7% p.a. Daily Burn Stats for Sat Sep 17 2022! As investors continued to bet against LUNA and UST, Do Kwon attempted to save the sinking ship by proposing two recovery plans. The Terra Luna Burner v0.0.2 to the moon, max deving, better believe it! Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases. Edward Kim, the head of development for Terra Classic, had previously expressed concerns about Proposition 10983, claiming it could lead to a major LUNC burner, Binance, withdrawing its support for the network. Conversely, more LUNA is minted when UST's demand dips. Gfinity Esports is supported by its audience. Do Kwon, however, had long since moved to Singapore, but apparently then fled to Dubai to escape capture. As highlighted by LUNC Burn, an unofficial Twitter account tracking LUNC burn activity, hours before the burn went live, about 4.1 billion LUNC had been burned without the parameter change. Essential app developers committing to launch on Terra will receive: Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. Welcome to #LUNCdash.com NOT FINANCIAL ADVICE! LUNC sent to the burn address comes in a variety of forms, but most notably is Binance. Both of these prices are far below where they were at the beginning of May - when the former Luna . Proposal 4059 is focused on reintroducing the staking functionalities to the Luna Classic platform. Will the LUNC burn tax manage to reign in the hyperinflated supply? The total amount of LUNC tokens burned so far is approximately 39.4 billion, or roughly 0.57% of the total supply. The Terra ecosystem and its community are worth preserving. Terra might take some time to get back on track as it has been dipping continuously for the past week, but market trackers suggest that investors need to be cautious. Before the Binance burn, which will a start on March 1, 2023, the Terra Classic LUNC community laid the basis for the potential increase in the coin's price. and others. However, support to the downside exists around the $0.00025 area, as well as around the September 26 low of $0.00018. As for Terra Classic, it seems impossible for the new team to rebuild everything that was lost with the May implosion. It costs you nothing. Like many, I lost big during the Terra collapse. LUNA AND LUNA CLASSIC - Terra Terra Luna Classic BURN TO $1! The web page that allows to track the burning of Terra Luna Classic (LUNC) live is called StakeBin. Yes you keep track ledger Reply [deleted] . The numbers provided here pre-date this change, and therefore refer to this 1.0 version. What Is The USD Tether (USDT) Scam Story About? Statista. (moonjazz/flickr) Join the most important conversation in crypto and Web3 taking place in Austin . Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains. If youve already voted and disagree with the changes, please vote No - you have 5 more days to do so. Send terra to a Luna wallet, can it be fixxed. ; The network has been struggling since its launch in late May. LUNC is predicted to increase substantially in 2023. great benefits, like discounted trading fees and free sign up bonuses. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. In conclusion, the community-driven proposals 3568 and 4059 have been passed with an overwhelming 99% approval from validators. - Price Prediction Twitter: https://twitter.com/ZakaSignals Crypto Telegram Link: https://t.me/ZakaSignalsCrypto Business & Promotional Contacts: - Telegram - @ZakaTrades Overall, the Terra Classic community's decision to repeal Proposition 10983 and adopt the new proposal for LUNC distribution and burning is a significant step towards improving the network's performance and driving stimulating more activity on the Terra Classic network. M.Cap: 1,129,434,904,115.00 The old blockchain is now known as Terra Classic . Accommodations will be made for apps where TVL is not applicable. This allows users to keep track of the current state of Luna Classic tokens and their deflationary nature. This helps to ensure that Luna Classic tokens remain scarce and valuable for the long term. Can It Work? According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordabl Nothing sparks demand quite like decreasing supply. Luna Classic, Terra Classics cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. The news has sparked renewed burn efforts from the wider Terra Classic community, with more than 18 billion tokens burned in total and 10% of LUNC also being staked and out of circulation. There are essential apps that must exist in any web3 ecosystem to be viable: Infrastructure - Setten Although the exact date of integration is not yet certain, the community expects it to be completed within the months of August or September. Price of the Top 10 cryptocurrencies by their market capitalization, from highest to lowest. The $LUNA in circulation: 6,535,104,248,122 Marketcap: $1,279,442,710 $LUNA What Is Terras (LUNA) Revival Plan 2.0? LaLiga Names Divi Official Crypto Wallet for MENA, SEA, & China, in Worlds First for a Football League. [Online]. It is worth noting that the rate of Luna Classic token burns decreased after proposal 5234 was enacted, which reduced tax burn from 1.2% to 0.2%. The new proposal suggests allocating 50% of the burned tokens to the community fund of Terra Classic, rather than 10% of newly minted LUNC. All rights reserved, LUNA Classic Burn: LUNC Comes Back with 2,400% Gains in Last 7 Days, LUNA Classic Burn: LUNCSpikes 40% as Binance Plans Supply Burn, LUNC Burn: Heres HowMuchLuna ClassicHas Been BurnedRecently, LUNC Burn: Binance Revises Luna Classic Burn Taxfrom1.2% to 0.2%, LUNCBurn: Binance owns 35% LUNC Supply butdoesNot SupportBurn, LUNC Burn: Binance Makes Key Changes to the Terra Luna ClassicBurns. For every UST sold, more LUNA tokens had to be minted. So, where did Terra Classic come from? The recent launch of the Luna Classic and its community-driven development initiative have brought forth proposals 3568 and 4059 which have been passed with an overwhelming 99% approval from validators. LUNA sent to Terra address "terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu"; No supply figures were provided for LUNC during the summer of 2022. Please do not hesitate to contact me. not much, but it is a start and the burns keep coming. Burn alert! The By burning a portion of tokens every time someone trades on the blockchain, Luna Classic can reduce the total number of tokens in circulation and ensure that users are rewarded for holding onto their coins. Your email address will not be published. Recover a Bitcoin wallet.dat password in 2 minutes! finder.terra.money/classic/tx/AE4 #LunaBurn #BurnLuna 3 29 153 Over 39 billion LUNC have been burned so far, according to the Luna Classic burn tracker. 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