Self Terra Classic The TerraCVita group, which wants to strengthen its (LUNC) presence, has announced its new roadmap. According to the new roadmap announced by the group, trillions of LUNC tokens are planned to be burned.
TerraCVita In the statement made by LUNC, LUNC burnings will be made a ‘priority’ in the current roadmap. highlighted.
Although some members of the Terra Classic community found the development positive, some members stated that they were not excited, recalling the promises made in the past. As Koinfinans.com reported, Lithosphere, which published a 2.5 trillion LUNC burning plan in October, failed to deliver what was expected.
The total supply of Terra Classic (LUNC) currently stands at around 5.9 trillion. Burning trillions of dollars, the group claims, will shrink the circulating supply. As a result, the contraction in supply will find a positive response in price.
As a matter of fact, the TerraCVita group did not share details about when and how the incineration will be carried out. When we look at the general picture, 35.7 billion LUNC has been burned so far. 20.1 billion of these burns belonged to the Binance exchange.
Terra Classic (LUNC) Trying to Get Stronger
Koinfinans.com As we have reported, it will be revealed in time whether the TerraCVita group will carry out the burning. As a matter of fact, the announcement got excited as the group is quite influential on the LUNC front.
In September, TerraCVita formed a partnership with High Stakes Switzerland, an organization that runs validators for proof-of-stake networks. The partnership would launch a LUNC validator to help High Stakes raise funds for the development of the network.
Following Terra Rebels’ decision to discontinue support for the Terra Station wallet last week, infrastructure development was handed over to TerraCVita. This shows its importance for the community. Leading member of the group Rexzy alone burned 12.9 million tokens in less than a month.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.