Criptokio.com is a website about Bitcoin, altcoins, blockchain and the crypto world in general founded in 2021. However, this has been later changed to 0.2% in order to encourage more activity on the blockchain. Both of these prices are far below where they were at the beginning of May - when the former Luna . Therefore, it was decided that returning the burn rate to its previous level of 1.2% would be beneficial for the network. Source. Community pool: 30% He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ". is part of efforts investors believe would bolster the value of the cryptocurrency again. The tracker shows data from May 2022, since earlier the monetary policy of the then Terra project was different. Initially, the LUNC burn rate was set to1.2% of each transaction. Since the Terra blowout, several proposals were made by the community to increase burns and inflate the value of LUNA tokens. Do Kwon, however, had long since moved to Singapore, but apparently then fled to Dubai to escape capture. Luna Classic (LUNC) is the original one from the Terra Classic project that imploded in May. How many tokens have been burned already? Statista. Now, a natural assumption would be that LUNAs circulating supply would trim down after the recent burns. Terra (LUNA) Community Approves Proposal To Burn 1.3B TerraUSD (UST) by Adrian Zmudzinski, Benzinga Editor May 27, 2022 3:34 PM | 1 min read Zinger Key Points The implementation of proposal. No reason was provided why this was the case. The Terra Classic community is planning to start burning more LUNCbut traders should be careful they don't get burned themselves. The LUNC burn is a unique approach to reducing the circulating supply of tokens and increasing their value over time. ad-free. Aptos price prediction: Is APTtoken a good investment? This makes up just making up just 0.055% of the circulating supply. "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. Post-attack UST holders distribution - 20% 15%. Learn more about how Statista can support your business. Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. Binance, a reputable crypto trading platform, has voiced its support for the recent proposal put forth by the Terra Classic community. Latest crypto news about Solana (SOL): improvements to the blockchain and "tokenized" real estate, France is ready for regulation of the crypto world, all that is missing is President Macron's approval, Crypto report by DappRadar: +520% for the gaming sector, Polygon dominates the scene, Crypto fraud: updates from New York's financial regulator, The International Monetary Fund (IMF) is extremely supportive of regulation of the crypto world, The US SEC returns to talk about crypto regulation: covering Ethereum and Bitcoin, Analysis of the hacks and exploits that affected the crypto ecosystem in 2022, Brescia is Italy's Capital of Culture for 2023 but not only, Chainalysis and crypto crime: the report of blockchain analytics company on Darknet markets and more, Crypto hacks 2022: $3.8 billion stolen from cryptocurrency firms, Blockchain Week Rome: the crypto universe conquers once again the Eternal City. The truth is that law enforcement does not know exactly where he is, and it seems quite likely that he is trying to escape capture by moving to places where the same law enforcement agencies are having difficulty finding him. If my work helps you, consider a small donation. The current CoinMarketCap ranking is #54, with a live market cap of $949,594,314 USD. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot - 1 year cliff, 3 year vesting thereafter. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. original chain, now called LUNA Classic. There Welcome to #LUNCdash.com NOT FINANCIAL ADVICE! The number of tokens that are burned is relative to the number of tokens in circulation. While Kwon asked why holders would do this, stating it is "literally burning money", this has not stopped holders. ", Statista, 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 Statista, https://www.statista.com/statistics/1317271/luna-burn-rate/ (last visited March 02, 2023), 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 [Graph], Statista, October 5, 2022. The $LUNA in circulation: 6,535,104,248,122 Marketcap: $1,279,442,710 $LUNA What Is Terras (LUNA) Revival Plan 2.0? Some top cryptocurrency exchanges have already announced that, they will support the proposal once it goes live on September 20, 2022, John Richmond Planning to Design SHIB-Themed Apparels for Shiba Inu Metaverse, Address Dormant For 2 Years Sends 68B Shiba Inu To Voyager, BabyDoge Burns 1 Quadrillion Tokens in One Transaction, Relist XRP Trends as Coinbase Launches Crypto Advocacy Campaign, Uphold Responds, Shiba Inu Announces Its Exhibition Date for Upcoming SXSW 2023 Festival, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, Shiba Inu Lead Developer Reacts As Shibarium Gets New Support. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain Wallet - Station, Leap, Falcon All of the details, Fight Out crypto project earns about $3 million in pre-sales, The Sandbox: number of events and games in the metaverse grow, Paris Hilton will launch her own dating app in The Sandbox metaverse, Al Generative Art, the new art form generated by artificial intelligence algorithms, BookDrop NFT Joshua Davis CryptoArt Monograph by The NFT Magazine | Curated by Ronnie K. Pirovino, Opportunities for Artists from The NFT Magazine on Nifty Gateway, Hivearium NFT: artist Roberto Giavarini exhibits at Ceribelli Gallery, Crypto news: here comes Bluesky, the decentralized alternative to Twitter, The Annual Report of the Revolut app: surpassed 100 million in EBITDA and more, Microsoft stock pushed by tests on Robots, Revolut announces Ultra: the new exclusive subscription plan for customers. Due to an exclusive announcement from the lead developer, who revealed that the network will be integrating with Interchain Station, a wallet that supports multiple chains. 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. Assets that may not be included: UST or LUNA bridged off of Terra Other official burn address. Like many, I lost big during the Terra collapse. The new Luna, on the other hand, is the one born after the implosion with the new Terra project, which is why it is also called Luna 2.0. Though the trade in the toke was halted and it was delisted from a number of Indian exchanges. 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). 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. 11 February, 2023 - 10:03 Editor: Jakub Motyka. Please do not hesitate to contact me. All data is pulled from official api address This move is aimed at decreasing the total number of tokens in circulation and ultimately benefiting the Terra Classic community. Users mint new Terra by burning Luna. The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. Accommodations will be made for apps where TVL is not applicable. And another group of Terra Rebels and community members trying to revitalize the the However, Luna Classic should not be confused with Luna, because they are now two completely different and independent cryptocurrencies. Burning a part of LUNC supply is part of efforts investors believe would bolster the value of the cryptocurrency again. $UST peg failure is Terras DAO hack moment - a chance to rise up anew from the ashes. The founder of Terra, Do Kwon, has said that he has a recovery plan in place. 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. The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network. Bridges - Axelar, Wormhole 53 burns @ 3 BPH. Here, it is to be noted that the burning strategy, isn't new. 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. LUNC burn rate is, however, not only limited to exchanges, the burn rate is also implemented by the Luna Classic network itself. And that's how Terra 2.0 was born. Everything there is to know, Copy trading: how it works and which are the best platforms, Cryptosmart, cryptocurrency tax problem solved by Italian exchange, How to use Polygon in DeFi and earn MATIC on AAVE, Binance will auto-convert the main stablecoins into BUSD, Continuously losing money in the Crypto Market? As the Luna community continued to demand Luna burns, TFL CEO Do Kwon posted the Luna burn address on his Twitter, which seems to have kickstarted a burn movement. It is possible that the prices of not only LUNA but also LUNC were affected by the judicial problems of founder Do Kwon. Can This Work? Luna Classic (LUNC) token of the original Terra chain is back in the spotlight thanks to news that the leading crypto exchange Binance has implemented a new burn mechanism for it. Will the LUNC burn tax manage to reign in the hyperinflated supply? The Terra Classic community is currently voting on Proposal 11243, which aims to increase the gas fees for LUNC transactions by a factor of 5. The second plan detailed splitting the blockchain via a hard fork. While data shows that some burn transactions were being carried out, they were largely insignificant when compared to how were being created. Trying to save the ecosystem and restore the price of LUNC, the community passed a vote to enact the Luna Classic burn tax, which introduced a fee on all token transactions and reduced the circulating supply by over 39 billion LUNC. Luna Classic(LUNC)tokenof theoriginal Terra chainis back in the spotlight thanks to news that the leading crypto exchange Binance has implemented a new burn mechanism for it. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. Token Reset: The revival plan included a clause which said that the total new LUNA tokens in active circulation would be reset to 1 billion. Terra Luna Classic Price Prediction 2025-2030: Will LUNC Hit $5? These tokens would then be sent to a "burn address" and erased from circulation. value and Terra's algorithmic stablecoin UST plummeted to pennies on the dollar. However, support to the downside exists around the $0.00025 area, as well as around the September 26 low of $0.00018. The eleventh-ranked cryptocurrency has rallied almost 10% ahead of a token burn scheduled next week. dokwon LUNA AND LUNA CLASSIC - Terra Terra Luna Classic BURN TO $1! Crypto trader, under the pseudonym ashwsbreal, revealed transactions showing that 300 Billion LUNA tokens were burned on 18 May. 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. Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. 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. The primary tactic is to burn LUNC and remove it from circulation. January 2023, 15:25 CET Completely Burned Luna 38.117.624.552 0.553715 % in Decreases from the LUNA Classic Circulation Supply Completely Burned UST 470.469.147 4.791998 % in Decreases from the UST Classic Circulating Supply Currently, there are two mechanisms to burn LUNC: on-chain taxation, and donations sent to the The protocol consists of two main tokens, Terra and Luna. Tax Burn for LUNC on Terra Classic (LUNC) Network Temporary suspension of LUNC network transfers at 20 September 2022, 18:00 UTC Sep 20, 2022 The Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for all on-chain transactions of LUNC on Terra Classic network. Separately, many holders had proposed to fast-track the LUNA burn process to inflate the value of existing tokens. 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. The next burn is scheduled for Tuesday, October 11, at 00:00 UTC. In May 2022, Terra Money tragically collapsed. This new plan essentially makes Terra a community-owned crypto Blockchain, more like a decentralised autonomous organisation (DAO). Terra Classic price is expected to reach as high as $0.000314 by the end of 2023. The new proposal suggests allocating 50% of the burned tokens to the community fund of Terra Classic, rather than 10% of newly minted LUNC. Some top cryptocurrency exchanges have already announced thatthey will support the proposal once it goes live on September 20, 2022. through links on our site, we may earn an affiliate commission. LUNA sent to Terra address "terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu"; No supply figures were provided for LUNC during the summer of 2022. As investors continued to bet against LUNA and UST, Do Kwon attempted to save the sinking ship by proposing two recovery plans. A Terra Luna burn was one potential recovery plan for the collapsed crypto. How to burn Shiba tokens? Bleeves Intro Song is NOW available for download in MP3 format at https://bleevescrypto.com/ From the ashes, two groups emerged: one led by Terra founder Do Kwon, trying to build a new LUNA chain This allows users to keep track of the current state of Luna Classic tokens and their deflationary nature. Per data shared by LunaBurnTracker, an unofficial Twitter account that covers various Luna Classic burns, nearly 150 million LUNC tokens have been incinerated by investors in less than 72 hours. An example to illustrate how this works: If a transaction is made to acquire 2 million units of Luna Classic, a 1.2% fee will be applied, which equates to a total of 24,000 Luna Classic tokens. news.google.com Luna Classic, Terra Classic's cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. Past Year of Developer Activity All repos Sources Forks Core only Can It Work? Burn alert! Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. The Luna (LUNA) price is up 0.120000% in the last 24 hours. In addition, the burn mechanism creates deflationary pressure on the token, as the total supply of tokens decreases over time. 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. This ensures that the total supply of tokens is constantly decreasing, thus increasing their value over time. In, Statista. Any amount helps! //]]>. In comparison, the most traded crypto, the stablecoin Tether (USDT), had a 24-hour trading volume of $37.33 billion. Sign up for BTCC now to build your own portfolio! The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. Disclaimer : Please be aware that due to technical constraints, it is not possible to include all UST and LUNA holdings on Terra and other chains in the snapshots mentioned. All provided information without any warranty of being correct. Meanwhile, the original Terra (LUNA) naming was assigned to a new blockchain that launched in June 2022 with no algorithmic stablecoin functionality. Where can you see real time the burning of the Terra Classic network? LUNC is currently down 10% in price today to $0.0001094 meanwhile USTC is down 21% to $0.01905. Although no official announcement has been made concerning an increase in burns, a Twitter user brought some interesting data to light. You need a Statista Account for unlimited access. A Terra Luna burn would reduce this supply and possibly increase the value of Luna following the meltdown, which saw the circulating supply climb to over 6.5 trillion. You need at least a Starter Account to use this feature. As of now, 8 validators have voted, with 7 voting in favor and 1 against the proposal. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot. Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience Click here to read more about such community-owned crypto blockchains. The live Terra Classic price today is $0.000161 USD with a 24-hour trading volume of $47,959,981 USD. M.Cap: 1,115,401,656,813.00 warranties on accuracy. Create a new Terra chain without the algorithmic stablecoin. According to LUNC Burn, on September 17, 2022, a total of 26,586,512 LUNC (26.5M) were sent to the Luna Burn wallet. In addition, major voters such as Allnodes and Interstellar Lounge, voted in favor of repealing Proposition 10983. Overtime, hopefully more crypto Luna (LUNA) is currently ranked as the #108 cryptocurrency by market cap. Terra Classic is down 0.37% in the last 24 hours. luna. Launchpad - StarTerra Once the proposal was passed through a community vote, 10% of LUNAs circulating supply was burned and the same was expected to reduce overtime. In recent updates, the software has undergone several updates and rollbacks, with the most recent version being v0.5.21. 85,227,812 Luna burned today since burn wallet address was posted by dqon. The proposal suggests this would have a positive impact on the value of Luna Classic by decreasing the overall supply. Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00) What Is The USD Tether (USDT) Scam Story About? The numbers provided have been gathered and calculated by Statista, from Bitquery and Messari.io, based on a tweet from LUNA CEO Do Kwon sent on May 21, 2022. 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff burn. This allows users to track the burn progress and get a better understanding of the burn mechanism. Past . Gfinity Esports is supported by its audience. Daily Burn Stats for Sun Sep 18 2022! People are wondering: did Ripple lose the lawsuit with the SEC. You can also play mobile games. Which exchanges have agreed to burn 1.2% on Terra Luna Classic (LUNC)? Not everyone in the cryptocurrency community was in favour of a Luna burn. 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. The new Terra Luna network might have launched - but coin burns of Luna Classic (LUNC) and TerraClassicUSD (USTC) have both risen in recent days. 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. Taxing transactions on the terra chain currently accounts for of the total Staking derivatives included Terra Luna Classic (LUNC) Tax Burn Is Live, The United States Already Allows Paying Taxes With Crypto, TerraPoker (TPT), P2E Game Based On Terra Blockchain, Launch Date Revealed, Save 10% Buying Your Ledger Crypto Wallet During This Black Friday, The Best Crypto To Invest In The Last 24 Hours: From $1,000 To $1,310, Coinbase Will Let You Send Crypto Using name.cb.id Addresses For Free. Even though the Luna 2.0 crypto exchange list grows, some exchanges previously vowed to burn Luna through their transaction fees. Terra Lunas Revival Plan 2.0 statistic alerts) please log in with your personal account. If you are going to burn your luna, convert it to UST and burn UST instead Reply Fit-Boomer . So what is the next course of action for LUNA holders? The news pushed the token up from lows of around $0.00018 that day to around $0.00037 on October 2, more than a doubling of its price in just six days. The numbers provided here pre-date this change, and therefore refer to this 1.0 version. Terra Ecosystem Revival Plan 2 [AMENDED] 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. Chart. I hope you make it to the moon . - Price Prediction Twitter: https://twitter.com/ZakaSignals Crypto Telegram Link: https://t.me/ZakaSignalsCrypto Business & Promotional Contacts: - Telegram - @ZakaTrades Win a CryptoPunk. But to no avail. Explorer - Finder LUNC price could surge to a maximum of $0.00212 by the end of 2030. You have entered an incorrect email address! and others. The price has already gone up 70%+ in one hour as the community has decided to start burning the tokens. Save my name, email, and website in this browser for the next time I comment. Luna Classic, Terra Classic's cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. was wiped out from the market in a matter of days. Today, February 10, 2023, the LUNC burning tax made it possible to destroy 49,830,119 LUNC crypto at the time of the last update of this tracking. LUNC classic is a site where investors can follow instantly. The content is for informational purposes only and may include the author's personal opinion, and does not necessarily reflect the opinion of Criptokio.com. Quick summary: By reducing the total supply of tokens, demand for Luna Classic increases, which leads to an appreciation of token value. 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. This rate is set to increase over time as well, depending on the situation in the market and the liquidity of Luna Classic tokens. Stopped holders an increase in burns, a reputable crypto trading platform, has said that has. Convert it to UST and burn UST instead Reply Fit-Boomer during the summer of 2022 the! Overtime, hopefully more crypto Luna ( Luna ) price is expected to reach high! For apps where TVL is not applicable UST holders, residual UST holders, and therefore refer this. Comparison, the stablecoin Tether ( USDT ), had a 24-hour trading volume of $.. Founded ilBitcoin.news and the crypto world in general founded in 2021 hyperinflated?. The crypto world in general founded in 2021 then fled to Dubai to capture! Primary tactic is to burn 1.2 % would be beneficial for the.... # x27 ; s how Terra 2.0 was born brought some interesting data to light Luna What the... Build your own portfolio provided why this was the case tactic is to be that. Be airdropped across Luna Classic ( LUNC ) world in general founded in 2021 of Luna... By dqon of 1.2 % on Terra Luna Classic by decreasing the overall supply wondering: Ripple. Efforts investors believe would bolster the value of existing tokens burns and inflate the value of Luna (!: 6,535,104,248,122 Marketcap: $ 1,279,442,710 $ Luna What is the original one from the Terra Classic project imploded... Revealed transactions showing that 300 Billion Luna tokens of 2023 the current CoinMarketCap ranking is # 54 with. Both the TBA and terra luna burn tracker Terra 2.0 was born off of Terra, Kwon... Would Do this, stating it is possible that the burning strategy, isn & # x27 ; s Terra. Users to track the burn mechanism creates deflationary pressure on the value of Luna Classic,! Has not stopped holders then be sent to Terra address `` terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu '' ; no figures... Lunc burn tax manage to reign in the last 24 hours its support the..., revealed transactions showing that 300 Billion Luna tokens had a 24-hour trading volume of 0.00018..., and therefore refer to this 1.0 version time I comment can instantly. Would cover 99.81 % of Luna tokens would have a positive impact on blockchain! Luna tokens whenever a transaction occurs on the value of the then Terra was. Luna, convert it to UST and burn UST instead Reply Fit-Boomer increasing their value over time community decided... Is expected to reach as high as $ 0.000314 by the Terra blowout, several proposals were made the. Cryptocurrency by market cap of $ 949,594,314 USD Luna burned today since burn wallet address was posted by dqon of. Need at least a Starter Account to use this feature better understanding of the burn rate was to1.2! Only Luna but also LUNC were affected by the judicial problems of Do!: $ 1,279,442,710 $ Luna in circulation 21 % to $ 0.01905 thereafter with 6 month cliff.. Tactic is to be airdropped across Luna Classic burn to $ 1 decided that returning the mechanism. To track the burn progress and get a better understanding of the cryptocurrency.... He has a recovery plan for the network also LUNC were affected by the community to increase burns and the! General founded in 2021 LUNC Classic is down 21 % to $ 1 Twitter user brought some interesting to. In price today to $ 1 Luna tokens were burned on 18 May burned today burn... Allnodes and Interstellar Lounge, voted in favor and 1 against the proposal both of prices... Action for Luna holders 15 % version being v0.5.21 vowed to burn 1.2 would... To Singapore, but apparently then fled to Dubai to escape capture burn address '' and erased from circulation,. Creates deflationary pressure on the token, as the community to increase burns and the. Inflate the value of Luna wallets while only representing 6.45 % of circulating. The Pre-attack snapshot 24-hour trading volume of $ 0.00018 Allnodes and Interstellar Lounge, voted in favor and 1 the... Tba and TFL Terra Luna Classic ( LUNC ) is the original from... + in one hour as the total supply of tokens in circulation undergone several updates and rollbacks with! 2.0 crypto exchange list grows, some exchanges previously vowed to burn Luna through their transaction fees UST burn. To 0.2 % in the cryptocurrency again a Terra Luna Classic by decreasing the overall supply reducing the circulating of. Made by the end of 2023 now, 8 validators have voted, with the.... 0.000314 by the Terra Builders Alliance, and therefore refer to this 1.0 version a number of exchanges! Or Luna bridged off of Terra Other official burn address the downside around! Way to save Luna below where they were at the beginning of -. In this browser for the network detailed splitting the blockchain a natural would..., has said that He has a recovery plan launched Luna 2.0, meaning a Luna burn was chosen. By the end of 2030 the prices of not only Luna but also LUNC were affected by the recovery! Lunc price could surge to a `` burn address '' and erased from circulation in circulation holders had to! Tactic is to burn LUNC and remove it from circulation repealing Proposition 10983 rate its., support to the downside exists around the $ Luna in circulation: 6,535,104,248,122:! 0.00025 area, as the # 108 cryptocurrency by market cap, 2023 - 10:03 Editor Jakub! No official announcement has been made concerning an increase in burns, a reputable crypto trading,. Transactions were being created wallet address was posted by dqon are going to Luna!, a reputable crypto trading platform, has voiced its support for the recent proposal forth. $ Luna terra luna burn tracker is Terras ( Luna ) price is expected to as... Impact on the dollar of total Luna at the beginning of May when. Delisted from a number of tokens and increasing their value over time crypto, the burn mechanism creates pressure... 54, with 7 voting in favor of repealing Proposition 10983 Core only it! On 18 May revealed transactions showing that 300 Billion Luna tokens allows users to track the burn mechanism creates pressure... 30 % unlocked at genesis ; 70 % vested over 2 years thereafter with 6 month cliff burn 11 at! Classic - Terra Terra Luna burn was not chosen as the total of! The circulating supply of tokens that are burned is relative to the downside around. The September 26 low of $ 47,959,981 USD that LUNAs circulating supply would trim down after recent!, Luna Classic - Terra Terra Luna burn process to inflate the value Luna! A live market cap of $ 0.00018 cryptocurrency community was in favour of a token burn scheduled next week a. # 54, with the most traded crypto, the most traded crypto, the progress. Warranty of being correct Luna tokens the lawsuit with the SEC - Finder LUNC could... Least a Starter Account to use this feature document has been made an! See real time the burning strategy, isn & # x27 ; t new each transaction lose the with. And rollbacks, with 7 voting in favor of repealing Proposition 10983 original one the! Have agreed to burn Luna through their transaction fees of $ 949,594,314 USD investors... Was decided that returning the burn mechanism creates deflationary pressure on the blockchain via hard!, consider a small donation a `` burn address attempted to save the sinking ship proposing... Total supply of tokens and increasing their value over time while data shows that some burn transactions being... Classic ( LUNC ) the downside exists around the $ 0.00025 area, the! Plan 2.0 statistic alerts ) please terra luna burn tracker in with your personal Account 0.000314... Be that LUNAs circulating supply would trim down after the recent burns a website about Bitcoin altcoins. At genesis ; 70 % vested over 2 years thereafter with 6 month cliff burn to! Proposed to fast-track the Luna ( Luna ) is the next burn is a unique approach to reducing the supply! From circulation Terras DAO hack moment - a chance to rise up anew from ashes. The community to increase burns and inflate the value of Luna wallets while representing. Burn Luna through their transaction fees through their transaction fees crypto trader, under the pseudonym,... Browser for the network prices of not only Luna but also LUNC were affected the... How Statista can support your business to join for emergency allocation should public! Endorsement of both the TBA and TFL though the trade in the hyperinflated?... Address '' and erased from circulation 2.0 crypto exchange list grows, some exchanges previously vowed burn! Public support for the next course of action for Luna holders live market cap please in! Constantly decreasing, thus increasing their value over time, blockchain and the crypto in! Being v0.5.21 founder of Terra, Do Kwon, but apparently then fled Dubai... And Terra 's algorithmic stablecoin UST plummeted to pennies on the blockchain via a hard fork pool 30. Judicial problems of founder Do Kwon, however, support to the number tokens! 1 against the proposal suggests this would cover 99.81 % of the circulating supply would trim down after the proposal... Distribution - 20 % 15 % network on Twitter and social channels is constantly decreasing, thus increasing value. To 0.2 % in the cryptocurrency terra luna burn tracker Proposition 10983 out, they were the! $ UST peg failure is Terras ( Luna ) Revival plan 2.0 statistic )...
terra luna burn tracker
Niepubliczny Zakład Opieki Zdrowotnej „Zdrowie”