News of Burning in Altcoin: Millions of Burns Will Continue with New NFT!

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Cremation Coin, the recently launched project to curb the extensive supply of other crypto assets, has generated a lot of buzz in the initial phase. However, the project says they only focus on Terra Classic at the moment and that’s why LUNC He underlined that they burned the tokens.

Cremation Coin announced that it will launch an innovative NFT initiative that could assist in burning more Terra Classic (LUNC) tokens. One to tweet According to the team, the team views the groundbreaking NFT initiative as a test project and plans to release it within the next 48 hours. The project will consist of ten different pieces of “bad abstract art”, each serving as an NFT with different price tags.

“Bad Abstract Art that Burns LUNC (BAABL)” is expected to be launched on the Ethereum blockchain and possibly expanded to add support for other blockchains. While the project will initially feature ten artworks, the team plans to expand the collection to include additional pieces.

Cremation Coinaims to help reduce the supply of crypto assets through token burning. The project is focused on the Terra Classic blockchain, and the newly announced NFT startup LUNC will focus on burning. To achieve this, the team plans to buy back and burn LUNC at 50% of the selling price of the artworks.

Koinfinans.com As we reported, The Team has been burning LUNC for a while now and they’ve managed to make millions of burns weekly so far. In the last announcement, the amount of burning was announced as 30 million. In the last three months, 326 million burns were made. But the team’s goal is much higher.

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Source : The Crypto Basic


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