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Terraport Aim is To Burn LUNC Not To Take TERRA to $1

Terra Classic influencer Classy Crypto clarified that the ultimate objective of Terraport's TERRA token is not to boost it to $1, but to fuel LUNC burns. Terraport aims to introduce more volume to LUNC and allocate a substantial portion of its Treasury toward burning more Terra Classic tokens. The team stated that 27% of the project's fees would be used to buy back and burn LUNC tokens weekly. Terraport has not yet begun Terra Classic burns, but the team noted that the date for the first burn is not yet fixed, but burns will continue every week once it is determined.

(By ALBERT BROWN)

Terra Classic Terra Classic $0.00
+4.83%
Terra Classic LUNC
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