#terra Binance Performed Terra Classic (LUNC) Burning: Here’s the Amount
Cryptocurrency
CCY
Terra Classic
LUNC
Terra
LUNA
Bitcoin Sistemi EN
By Bitcoin Sistemi EN
Created 2 days ago, last updated 2 days ago
•
2 mins read
Binance Performed Terra Classic (LUNC) Burning: Here’s the Amount
Binance, the cryptocurrency exchange that regularly burns Terra Classic (LUNC), shared the burn amount for October in its statement.
According to data obtained from Terra addresses used by Binance, the exchange burned 1,016,829,621 LUNC coins this month. This corresponds to a very low amount of approximately $59,000.
At this rate, it would take approximately 483 years for Binance to burn even half of its current LUNC supply.
However, since May 18, 2022, a total of 76 billion LUNC coins have been burned, including Binance's burns. 1 billion of these occurred in the last week, largely thanks to Binance's burns.
Cryptocurrency
CCY
Terra Classic
LUNC
Terra
LUNA
Bitcoin Sistemi EN
By Bitcoin Sistemi EN
Created 2 days ago, last updated 2 days ago
•
2 mins read
Binance Performed Terra Classic (LUNC) Burning: Here’s the Amount
Binance, the cryptocurrency exchange that regularly burns Terra Classic (LUNC), shared the burn amount for October in its statement.
According to data obtained from Terra addresses used by Binance, the exchange burned 1,016,829,621 LUNC coins this month. This corresponds to a very low amount of approximately $59,000.
At this rate, it would take approximately 483 years for Binance to burn even half of its current LUNC supply.
However, since May 18, 2022, a total of 76 billion LUNC coins have been burned, including Binance's burns. 1 billion of these occurred in the last week, largely thanks to Binance's burns.