The Terra Classic (LUNC) burning event rose significantly after a quiet Saturday. On Sunday, 5,018,015 (5 million) tokens were burned, indicating a 637% increase in the amount of tokens burned compared to the previous day.
Independent Terra validator Luna Station 88 accounted for 95% of the tokens burned. Here are the details.
Luna Station 88 Burned 4.7 Million Tokens
Koinfinans.com As we have reported, more than one transaction has taken place that contributes to the incineration efficiency. On the other hand, the Luna Station 88 burning process came to the fore as the only significant transaction during the weekend. The transaction that 4,708,208 LUNC was burned took place on January 15, 15:09 (UTC). Data from LUNC Penguins shows that it came from Luna Station 88.
Also, shortly after the authenticator is burned, the official twitter He confirmed the progress through his account. Luna Station announced that it has burned a third of the commissions collected in the last two weeks. One-third of said commissions went to the community pool, and the other part went to support the validator.
This latest development demonstrates that the Luna Station 88 has lived up to its promise to the Terra Classic community last October. Luna Station 88 has kept its word on its contribution to the burning event. The total amount of tokens burned by Luna Station 88 so far is 30.2 million, making it the 17th largest burn supporter. However, from a broader perspective, a total of 37.5 billion tokens have been removed from circulation so far and Binance is the biggest burn supporter with 20.1 billion tokens. The community is eagerly awaiting Binance’s next burn event, and the exchange has announced that it has postponed it to March 1.
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Source : the crypto basic