Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed
The Terra Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network.
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Shiba Inu burn Twitter account experiences suspension
Shibburn said that Twitter’s developer portal indicates a violation of Twitter rules and policies by its app.
LUNC Burn Tax Set To Rise To 0.5% As KuCoin Proposal Receives Approval
After garnering the required votes, a major proposal has just passed in the KuCoin network. The proposal aimed at raising Terra Classic LUNC burns tax to 0.5%.
Following the positive results, KuCoin declared increasing the LUNC network burn rate fro...
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions.
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
"Fantom will become the youtube/twitch of blockchain platforms," commented ecosystem architect Andre Cronje.
Binance to burn all LUNC trading fees following community feedback
The Binance crypto exchange will burn all trading fees collected on its LUNC/BUSD and LUNC/USDT spot and margin pairs.
Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burn
KuCoin, Gate.io and MEXC Global were in the crosshairs of community members as they expressed their support for the upcoming on-chain LUNC transaction burn.
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
A total of 3.022 billion aUSD were previously minted via a liquidity bridge glitch.
Solana wallet fires up the grill to burn spam NFTs out of existence
The Phantom wallet app has launched a new Burn Token feature, allowing users to remove spam NFTs sent by scammers.
Terra to burn 1B UST from the community pool as holders vote for it
The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply.