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Another Massive LUNC Tokens Burn By Terra Classic Community

The Terra Classic community has burned over 16 million LUNC tokens in a week amid the push to increase the burn rate. In order to raise the burn rate, Terra Classic validators and projects aim to burn billions of Terra Classic (LUNC) in 2023. Until now, the Terra Classic community has burned 37.717 billion LUNC tokens.

The Terra Classic community has shifted its focus to burning more amounts of Terra Classic (LUNC) tokens to compensate for fewer burns in December and Binance reducing LUNC burn contributions to 50%.

The community burned over 16 million LUNC tokens in a week, increasing the burn rate as compared to the last week’s 12 million LUNC tokens. Most of the LUNC burned came from validators, with LUNC DAO burning 2.63 million LUNC and Luna Station 88 burning 4.78 million LUNC.

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