Popular cryptocurrency exchange Binance has shared details on the first TerraClassic (LUNC) burn. According to the statement, the stock market burned LUNC worth $ 1.86 million in the first burning transaction.
Binance has announced that transaction fees from all trades of LUNC last week. 0.1%He had announced that he would use it for LUNC burning. In the statement, the value of the amount of LUNC to be burned in Tether (USDT) with blockchain identity It will be announced every week. Binance also calculates LUNC’s total transaction fees. every week on monday and your report every week on tuesday He said it will be published.
According to the latest statement from Binance, the first burn transaction of transaction fees from all LUNC spot and futures transactions took place. Cryptocurrency exchange in total $1.86 million worth of burns. Income from the said burning process 21 September-1 October It was collected in a short period of 1 week between The equivalent of the amount burned is LUNC. 5 billion 595 million 907 counted as one thousand.
Binance is scheduled to continue burning LUNC every week for the upcoming period. According to analysts, this regular incineration could create a supply reduction on LUNC and have a positive effect on the price.