Binance, the world’s largest cryptocurrency exchange by trading volume, shared the details of its latest burn on Terra Classic (LUNC). Binance also announced that it will change the period of the weekly LUNC burn.
All through its own exchange LUNC transaction fees from trading 0.1%ini LUNC Binance, which uses it for its burning, is in the 5th week of burning 300 worth a thousand dollars 1.25 billion LUNC announced that it was burned. Approximately 1.25 billion This burn, which means that LUNC has been deleted from the market, also caused movement on the price. CoinGecko According to the data, after the burning news, approximately 1.9% depreciated LUNCat the time the news was written $0.000241traded from.
A change has also been made in the burning process carried out by Binance on a weekly basis so far. According to the statement by Binance, the next burn transactions will be processed on a weekly basis. In this direction, the next burning announcement is October 30–30 November will be made depending on the transaction fees between the dates of.
If the next LUNC burning announcement is December 2 scheduled to take place on. If trading on LUNC proceeds as so far, it’s likely on December 2nd. 4 billion Over the number of LUNC burning announcements will be made.