While Luna 2.0 is taking over as the main form of Luna, a separate coin - Luna Classic - still exists and could help to itch this burning desire. ad-free. 00 Token Coinbase Answers: Earn Free $3 00 Token Crypto. 36% increase. As soon as this statistic is updated, you will immediately be notified via e-mail. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). LUNC classic is a site where investors can follow instantly. Please create an employee account to be able to mark statistics as favorites. In addition, major voters such as Allnodes and Interstellar Lounge, voted in favor of repealing Proposition 10983. The number of LUNA burned jumped significantly in October 2022, after Binance burned 5.5 billion tokens or 0.08 percent of the coin's circulating supply. Decentralized Lending Risk Management; Lessons Learned with Compound Labs, 2023 CMC Crypto Playbook: How DEXs Can Surpass CEXs by Uniswap Labs, Uniswap: debate over a16z's "heavy" vote in DEX governance, The futuristic forecasts regarding decentralized finance (DeFi), Neal Stephenson critical about future adoption of metaverse: it will be very difficult, Bored Ape's Yuga Labs announces TwelveFold, the first NFT project on Bitcoin, 2023 CMC Crypto Playbook: Blockchain Gaming What Lies Ahead by Naavik, Crypto news: Calvaria card game available on exchanges. Buy, trade and hold 350+ cryptocurrencies on Binance. The partnership between Google Cloud and crypto project Casper Labs. Terra investors continue to burn LUNC tokens. Lunc Burner Online Your Burn Tracker for Terra Luna Classic Last update: 26. "Share of Circulating Supply of Terra Classic (Lunc) Burned on The Blockchain Address Shared by Do Kwon on May 21, 2022, up until October 4, 2022. Will the LUNC burn tax manage to reign in the hyperinflated supply? Due to systemic hyper-inflation, LUNA supply went from a few hundred million to 6.9 Trillion. Proposal 4059 is focused on reintroducing the staking functionalities to the Luna Classic platform. Terra Luna Classic (LUNC) Tax Burn Is Live, The United States Already Allows Paying Taxes With Crypto, TerraPoker (TPT), P2E Game Based On Terra Blockchain, Launch Date Revealed, Save 10% Buying Your Ledger Crypto Wallet During This Black Friday, The Best Crypto To Invest In The Last 24 Hours: From $1,000 To $1,310, Coinbase Will Let You Send Crypto Using name.cb.id Addresses For Free. Aptos price prediction: Is APTtoken a good investment? As of February 2023, more than two-thirds of LUNC burned has been sent to a dead wallet directly, while about a third has been burned via the transaction tax. You can only download this statistic as a Premium user. Bridges - Axelar, Wormhole This allows users to track the burn progress and get a better understanding of the burn mechanism. Much like the success of Shiba Inu burns among the SHIB community, will holders be successful at implementing Luna burns? Although the exact date of integration is not yet certain, the community expects it to be completed within the months of August or September. We update our LUNC to USD price in real-time. You need at least a Starter Account to use this feature. Ethereum Burn Rate: How Much ETH Has Burned Since EIP-1559 London Hard Fork? 53 burns @ 3 BPH. Binance burn currently represents over 50% of total LUNC burn. The Luna Classic burn chart also displays information about when and how many tokens were burned for each transaction. LUNC is gaining traction in the community, but LUNA 2.0 is being left in the sand.As a community-led rehabilitation approach following the collapse of Terra/Luna, a Terra Luna burn may have been implemented. M.Cap: 1,115,401,656,813.00 Therefore, if the current pace were maintained, the burn rate would be 18 times that of the first four months. The idea effectively generated a new layer-1 Terra blockchain without its algorithmic stablecoin. This allows users to keep track of the current state of Luna Classic tokens and their deflationary nature. For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff M.Cap: 1,129,434,904,115.00 Available: https://www.statista.com/statistics/1317271/luna-burn-rate/, Share of circulating supply of Terra Classic (LUNC) burned on the blockchain address shared by Do Kwon on May 21, 2022, up until October 4, 2022, Available to download in PNG, PDF, XLS format, TerraClassicUSD USTC/USD price history up until October 20, 2022, 10-day Terra LUNA/USD realized volatility until May 12, 2022, Daily Terra Classic (LUNC) market cap history up until August 2, 2022, Daily TerraClassicUSD (USTC) market cap history up until August 2, 2022, Market cap of 120 crypto - incl stablecoin, NFT, DeFi, metaverse - in November 2022, Terra Classic (LUNC) dominance history up until July 7, 2022, TerraClassicUSD (USTC) dominance history up until July 7, 2022, Market dominance of 12 cryptocurrencies on November 15, 2022, Terra (LUNA) daily transaction volume up until March 23, 2022, Monthly active Terra (LUNA) addresses 2021-2022, Terra (LUNA) gas price history up until March 23, 2022, Transaction speed ranking of 69 crypto - including DeFi and metaverse - in 2022, Daily Terra (LUNA) trading volume history up until May 16, 2022, Daily TerraUSD (UST) trading volume history up until March 22, 2022, Biggest Terra (LUNA) exchanges based on 24h volume on March 24, 2022, Biggest TerraUSD (UST) exchanges based on 24h volume on March 24, 2022, Terra (LUNA) Sharpe ratio until March 23, 2022, TerraUSD (UST) circulating supply history up until July 7, 2022, Top 20 cryptocurrencies with the most value being staked as of November 11, 2022, Terra (LUNA) largest staking pools as of March 24, 2022, Maximum/current supply of 100 cryptocurrencies worldwide as of February 21, 2023, Monthly market share of 16 different crypto exchanges 2021-2023, Daily 24h volume of all crypto combined up until November 10, 2022, Solana (SOL) circulating supply history up until November 10, 2022, Quarterly number of crypto users in Germany 2021-2022, Quarterly number of crypto users in the U.S. 2021-2022, Quarterly number of crypto users in Mexico 2021-2022, Quarterly number of crypto users in Brazil 2021-2022, Quarterly number of crypto users in France 2021-2022, Quarterly number of crypto users in Italy 2021-2022, Quarterly number of crypto users in the UK 2021-2022, Information sources for cryptocurrency investing among users of Huobi 2022, Bitcoin (BTC) circulating supply history up until November 14, 2022, Crypto adoption in the U.S. as of November 2022, by age and gender, The 23 most popular crypto exchanges in the U.S. 2022, Weekly market cap of all cryptocurrencies combined up until February 2023, Top 100 crypto exchanges in the world based on 24h trade volume on November 14, 2022, Cardano (ADA) circulating supply history up until July 7, 2022, Find your information in our database containing over 20,000 reports. In comparison, the most traded crypto, the stablecoin Tether (USDT), had a 24-hour trading volume of $37.33 billion. Network security to be incentivized with token inflation. Not everyone in the cryptocurrency community was in favour of a Luna burn. The trend had even continued over the past few days. , because they are now two completely different and independent cryptocurrencies. However, according to CoinCheckup data, the circulating supply has shrunk from 210 million at the end of May to the current 125 million. As for the new Terra project, there is the big unknown of how it can evolve without Do Kwons key contribution. The original proposal, submitted by an anonymous community member, highlighted the reason for the motion, which is the recent significant decrease in the on-chain rate over the past 4 weeks. (The Truth EXPOSED!) Back in November 2021, Terra dropped an anti-deflationary mechanism through its Columbus 5 upgrade. We use cookies to make sure you can have the best experience on our site. An international arrest warrant hangs over him, so it may not be easy to find countries where law enforcement refuses to arrest him. This move is aimed at decreasing the total number of tokens in circulation and ultimately benefiting the Terra Classic community. Yeah, thats Trillion with a capital T. LUNA lost 99.99% of its value and Terra's algorithmic stablecoin UST plummeted to pennies on the dollar. Staking is the process of holding a certain amount of tokens in a wallet, and in return, the staker is rewarded with a certain percentage of interest on those tokens. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem. The eleventh-ranked cryptocurrency has rallied almost 10% ahead of a token burn scheduled next week. The exact distribution mechanism of this 1 billion tokens can be read here. There Over $60 billion USD Some details of the token allocation have been modified in the proposal to accommodate community feedback - changes and reasoning outlined here. Due to an exclusive announcement from the lead developer, who revealed that the network will be integrating with Interchain Station, a wallet that supports multiple chains. A Terra Luna burn was one potential recovery plan for the collapsed crypto. Moreover, during the current long bear market projects like these are really struggling to find new investors who are willing to buy the tokens in the hope that they might be worth more in the future. Do Kwon, however, had long since moved to Singapore, but apparently then fled to Dubai to escape capture. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00) Data from Etherscan showed that several batches of LUNA coins were being transferred to burn addresses, some even ranging as high as 90 Million tokens. The new proposal suggests allocating 50% of the burned tokens to the community fund of Terra Classic, rather than 10% of newly minted LUNC. news.google.com Luna Classic, Terra Classic's cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. Keep track of your holdings and explore over 10,000 cryptocurrencies. It has been designed to facilitate low-cost and secure transactions, with near-instant confirmation times. With a Luna Classic burn tax of 1.2% coming on September 20, these burns may continue to grow. But that plan failed, and hence, this new revival plan is now being put to use. This upgrade was voted on and approved by the Terra Classic community. Aptos airdrop: How to get it? Taxing transactions on the terra chain currently accounts for of the total Today, February 10, 2023, the LUNC burning tax made it possible to destroy 49,830,119 LUNC crypto at the time of the last update of this tracking. Pre-attack aUST holders: 10% This proposal is planned to be activated concurrently with Proposal 3568. Read below to find out. Please do not hesitate to contact me. As Luna Classic continues the old Luna's chain, with a circulating supply of 6.9 trillion, these burns will need to be pretty hefty to make an impact. Who Owns The Most Shiba Inu (SHIB) Coins? Before the collapse, the original LUNA token traded as high as $120. Win a CryptoPunk. However, the current burn rate of 0.2% has not been sufficient in stimulating more activity on the Terra Classic network. and others. With so much momentum and focus around rebuilding LUNC, there could be great financial opportunities by This means that when a transaction occurs on the blockchain, tokens are burned automatically. All provided information without any warranty of being correct. window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). As a Premium user you get access to background information and details about the release of this statistic. //
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