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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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...
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia.
Terra Community Burns 25 Billion LUNC Tokens, Will It Reach The Highs?
The Terra Classic LUNC has been putting more effort into resuscitation its new position in the crypto space. Unfortunately, the algorithmic stablecoin Terra and LUNA collapse in May caused a massive loss in the industry. The crisis intensified the cr...
Binance burns $1.8M in LUNC trading fees following community proposal
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.
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.
LUNC investors react to CZ's 1.2% trading tax recommendation on Binance
Changpeng Zhao, the CEO of Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance.
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.
Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets.
Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit
An error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol.