📍 The Terra Classic (LUNC) network continues to implement token burn mechanisms designed to reduce the formerly hyper‑inflated supply that resulted from the 2022 USTC de‑peg and network collapse. LUNC has a built‑in 0.5% transaction tax that sends part of transactions to a burn wallet, which has contributed to lowering supply over time. On‑chain data shows hundreds of billions of LUNC tokens have been burned so far. �
CryptoNews
📍 In addition to the automatic burn:
• Major exchanges like Binance have conducted verified monthly burns, with recent burns totaling hundreds of millions of LUNC tokens removed from circulation as part of ongoing support. �
• Community‑passed proposals have supported changes to the tax burn mechanism and infrastructure that enable continued burning and deflationary effects. �
CoinReporter
CoinSpot
📍 USTC (TerraClassicUSD) and burning:
Past community proposals have included options to burn USTC tokens from the Community Pool, though some were voted down by the community as members prioritized liquidity and ecosystem support instead of immediate burns. �
DailyCoin
📌 What’s verified on‑chain:
• The Terra Classic network does burn tokens via transaction tax and exchange‑sponsored burns, reducing circulating supply. �
• Burn numbers — including over 410 billion LUNC burned to date — are publicly visible on-chain and tracked by multiple data aggregators. �
• Governance proposals affecting burns have been passed and implemented by the community. �
CryptoNews +1
CryptoNews
CoinSpot
📌 In
formational Only — Not Financial Advice
This post relays publicly verifiable developments about token burns and governance activity within the Terra Classic ecosystem. Iv$LIGHT $t does not make predictions about price, future burn outcomes, or investment results.
#LUNC #USTC #TerraClassic #CryptoNews #BlockchainCommunity $BTC