🚨 Terra Classic (LUNC) On‑Chain Update 🚨
🔹 Recent on‑chain data shows ongoing token burns as part of Terra Classic’s deflationary mechanism. LUNC’s burn tax (0.5% on transactions) sends tokens to a burn address to reduce circulating supply. �
🔹 According to burn trackers, hundreds of billions of LUNC tokens have been permanently removed from circulation since the burn program began. �
🔹 Community and exchange‑related burns contribute regularly to this total. For example, weekly totals of hundreds of millions of tokens burned have been reported. �
🔹 The circulating supply remains in the trillions of tokens, as reported by multiple burn data sources. �
CoinCodex
FastBull +1
FastBull
CoinCodex
📌 What this means:
• Token burns are an established feature of the Terra Classic protocol and are publicly verifiable on‑chain. �
• Reports of whale transactions and burn volumes should be confirmed with on‑chain explorers like Terra Finder or LUNC burn trackers before sharing as facts.
