I built this site as a passion project. The truth is that law enforcement does not know exactly where he is, and it seems quite likely that he is trying to escape capture by moving to places where the same law enforcement agencies are having difficulty finding him. Moreover, during the current long bear market projects like these are really struggling to find new investors who are willing to buy the tokens in the hope that they might be worth more in the future. The official LUNC burn wallet address is: Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Structured products - Nexus, Apollo, Aperture January 2023, 15:25 CET Completely Burned Luna 38.117.624.552 0.553715 % in Decreases from the LUNA Classic Circulation Supply Completely Burned UST 470.469.147 4.791998 % in Decreases from the UST Classic Circulating Supply The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network. TFLs wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain Luna Classic (LUNC) is the original one from the Terra Classic project that imploded in May. There Now, a natural assumption would be that LUNAs circulating supply would trim down after the recent burns. Additionally, as summarised by the moving averages, FTM's technical analysis (TA) indicators at CoinGape's price tracker show a neutral position, recommending a "neutral" at . Many users hope that the burn tax will be instrumental in helping LUNC recover to its former glory. The next burn is scheduled for Tuesday, October 11, at 00:00 UTC. Stablecoins - USDT / USDC bridged over The Luna Classic team has also developed a series of other mechanisms to increase the scarcity of their tokens. Conversely, more LUNA is minted when UST's demand dips. Network security to be incentivized with token inflation. This represents a -0.50% price decline in the last 24 hours and a -4.00% price decline in the past 7 days. Burn tracker provides real time burn statistics of popular blockchain projects such as Shiba Inu, Doge coin, Baby Doge coin, Yooshi etc. In theory, the circulating supply should be more important than the total supply, but even in the case of LUNA the apparent reduction in circulating supply has not been good for the price. The trend had even continued over the past few days. Hence, he asked members of the community to incentivise the networks security in line with the native crypto tokens inflation, which should be targeted at 7 per cent per annum. This means that the value of deposits and withdrawals of LUNC to and from the Zonda exchange will be reduced by 1.2%. Tax Burn for LUNC on Terra Classic (LUNC) Network Temporary suspension of LUNC network transfers at 20 September 2022, 18:00 UTC Sep 20, 2022 The Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for all on-chain transactions of LUNC on Terra Classic network. Data from Etherscan showed that several batches of LUNA coins were being transferred to burn addresses, some even ranging as high as 90 Million tokens. May 22, 2022 - Posted in O ne of the biggest disasters the industry could ever face. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ". All financial investments, including crypto, carry significant risk, so always do your complete research before investing. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot - 1 year cliff, 3 year vesting thereafter. Malviya said that investors who bought LUNA below $0.1 can make some profits. Access to this and all other statistics on 80,000 topics from, Show sources information In line with this, the exchange has initiated a mechanism to burn trading fees on both its spot and margin trading markets. Decentralized Lending Risk Management; Lessons Learned with Compound Labs, 2023 CMC Crypto Playbook: How DEXs Can Surpass CEXs by Uniswap Labs, Uniswap: debate over a16z's "heavy" vote in DEX governance, The futuristic forecasts regarding decentralized finance (DeFi), Neal Stephenson critical about future adoption of metaverse: it will be very difficult, Bored Ape's Yuga Labs announces TwelveFold, the first NFT project on Bitcoin, 2023 CMC Crypto Playbook: Blockchain Gaming What Lies Ahead by Naavik, Crypto news: Calvaria card game available on exchanges. For a transaction to be included in the on-chain tax scheme, the transactions must be one of the Disclaimer : Please be aware that due to technical constraints, it is not possible to include all UST and LUNA holdings on Terra and other chains in the snapshots mentioned. A 20-year trader share his ways to profit, How to buy, sell and create NFTs on OpenSea. A paid subscription is required for full access. However, with the Binance Luna 2.0 support, it seems Binance will not contribute to this burn. For every UST sold, more LUNA tokens had to be minted. Read along to find out. Due to systemic hyper-inflation, LUNA supply went from a As of now, 8 validators have voted, with 7 voting in favor and 1 against the proposal. There are several ways to burn tokens, and everyone can participate to the party. Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken. Profit from the additional features of your individual account. news.google.com Luna Classic, Terra Classic's cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. Proposal 4059 is focused on reintroducing the staking functionalities to the Luna Classic platform. All provided information without any warranty of being correct. Accommodations will be made for apps where TVL is not applicable. So, in order to increase the supply of TerraUSD, LUNA tokens need to be burned. There is an updated tracker on TerRarity that shows how many LUNC tokens are being removed. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. 1 LUNC = $0.00028949 #LunaBurn, LunaBurnTracker (@LunaBurnTracker) September 19, 2022. TERRA LUNA CLASSIC HUGE BURN || PRICE EXPLODING RIGHT NOW more to come ! Stablecoins: according to Reuters, the winner is Tether, AGIX: the crypto of the moment. All protocols listed on DeFi Llama here (Terra TVL - DefiLlama 4.4k) will be covered, in addition to a few others that are known. Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. According to the explorer, through 6242 transactions, holders have burned 3.85 billion Luna as of September 13. As a Premium user you get access to background information and details about the release of this statistic. For example, at the time of writing this news today, September 21, in the last 24 hours more than 14 million LUNC have been burned, which is equivalent to about 4,000 dollars in Terra Luna Classic tokens that have been destroyed to decrease the total supply. An example to illustrate how this works: If a transaction is made to acquire 2 million units of Luna Classic, a 1.2% fee will be applied, which equates to a total of 24,000 Luna Classic tokens. Although no official announcement has been made concerning an increase in burns, a Twitter user brought some interesting data to light. 22h Burn alert! The Shibarium Public Beta Is Just Around The Corner. Some top cryptocurrency exchanges have already announced thatthey will support the proposal once it goes live on September 20, 2022. From the ashes, two groups emerged: one led by Terra founder Do Kwon, trying to build a new LUNA chain If my work helps you, consider a small donation. Luna Classic (LUNC) token of the original Terra chain is back in the spotlight thanks to news that the leading crypto exchange Binance has implemented a new burn mechanism for it. To make this a reality, investors have increased the rate at which they are burning LUNC tokens, with tens Terra Classic Price | LUNC Price Index, Live Chart and USD Converter - Binance 2023-02-28 - The live price of LUNC is $0.0001621 per (LUNC / USD) today with a current market cap of $958.86M USD. As highlighted by LUNC Burn, an unofficial Twitter account tracking LUNC burn activity, hours before the burn went live, about 4.1 billion LUNC had been burned without the parameter change. https://t.co/nx9poA1RMm #LunaBurn #BurnLuna. As Luna Classic continues the old Luna's chain, with a circulating supply of 6.9 trillion, these burns will need to be pretty hefty to make an impact. Can It Work? Each referral code includes Despite the Terra Luna vote approving a new chain, much of the Luna community seemed in favour of a burn. With some Luna holders calling for TerraForm Labs or the Luna Foundation Guard to buy and burn the supply, users have questioned where these places would get the money to do such huge burns from. In this update, we'll be taking a closer look at what these proposals entail and the impact they will have on the Luna Classic ecosystem. Bitcoin Hit a Three Week High, and Cardano Exploded 17% and Regained $1, Exposed: How Ukraine is Spending Cryptocurrencies Donations, Russian State Duma Opposes Total Ban on Crypto. Separately, many holders had proposed to fast-track the LUNA burn process to inflate the value of existing tokens. CoinCodex is a cryptocurrency data website that tracks 23334 cryptocurrencies trading on 418 exchanges and provides live crypto prices. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. Therefore, it was decided that returning the burn rate to its previous level of 1.2% would be beneficial for the network. Who Owns The Most Shiba Inu (SHIB) Coins? The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. Data from CoinMarketCap indicates that the circulating supply of Luna Classic (LUNC) is currently standing at 6.15 trillion tokens. The protocol consists of two main tokens, Terra and Luna. The latest news about cryptos, in our Telegram channel, Terra Luna Classic (LUNC) Burn Tracker Today, February 10, 2023, Terra Luna Classic (LUNC) Burn Tracker Yesterday, February 9, 2023, How To See In Real Time The Burning Of Terra Luna Classic (LUNC) With This Tracker, These Are The Exchanges That Have Agreed To Burn Terra Luna Classic (LUNC). This thread is archived. Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. Daily Burn Stats for Sat Sep 17 2022! The creator of the Cardano blockchain on the regulatory attack on crypto: what is the trigger? Burn alert! lost a huge portion of my savings. Meanwhile, the original Terra (LUNA) naming was assigned to a new blockchain that launched in June 2022 with no algorithmic stablecoin functionality. Edward Kim, the head of development for Terra Classic, had previously expressed concerns about Proposition 10983, claiming it could lead to a major LUNC burner, Binance, withdrawing its support for the network. In The community awaiting a response from Binance finally received the support announcement later on February 28. This proposal is a continuation of a previous one that was introduced 7 days ago, which suggested the community discontinue the Seigniorage Reward Policy, thus ending the re-minting of 10% of previously burned tokens. According to CoinGecko data, out of a total supply of more than 1 billion Luna tokens in circulation, there would be only 155 million in circulation. Burning a part of LUNC supply is part of efforts investors believe would bolster the value of the cryptocurrency again. By simply listening some musics playlist on spotify, youtube. Statista. 00 Token Coinbase Answers: Earn Free $3 00 Token Crypto. The figure spiked from 342 Million to its press-time value of 6.53 Trillion in just a single week. Though the trade in the toke was halted and it was delisted from a number of Indian exchanges. After USTC lost its $1 peg in May, the supply of LUNC increased drastically, trying to restore the peg. ad-free. Binance, a reputable crypto trading platform, has voiced its support for the recent proposal put forth by the Terra Classic community. Data is updated every 5 minutes New Inflation Rate: In the revival plan, Do Kwon said that the existing revenue streams wont be sufficient to cover the cost of security without increasing swap fees. Read below to find out what it is and whether it can work? The Terra Classic community is planning to start burning more LUNCbut traders should be careful they don't get burned themselves. Thus in the first four months the overall program burned only about one million tokens per month, while since the burn program was launched on Binance more than 18 million have been burned per month. Looking forward, its difficult to predict where the next short-term move will be, given that the relative strength index (RSI) is now in neutral territory. Past Year of Developer Activity All repos Sources Forks Core only Due to an exclusive announcement from the lead developer, who revealed that the network will be integrating with Interchain Station, a wallet that supports multiple chains. This is one of the reasons why LUNC is currently among the best cryptos under 1 cent. But there are several key risks to watch out for, since most of these measures will take some time to actually materialise. [Online]. Register in seconds and access exclusive features. Zaka Signals June 4, 2022 22 1 minute read Terra Luna Classic BURN TO $1! Good luck, internet stranger! A Luna burn of its supply was one proposed idea to help the Luna recovery, but could it still happen? burn. Yesterday, February 9, the LUNC burning tax made it possible to destroy 68,683,935 LUNC crypto. But UST has now lost its peg ratio, and currently trades at $0.1303 as of 11am, as per Coinmarketcap data. 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff LUNC burn rate is, however, not only limited to exchanges, the burn rate is also implemented by the Luna Classic network itself. The potential for further financial strain is anticipated to be intensified by Binance's choice to decrease its token burning practices. UST or LUNA on CW3 multi-sig contracts This makes up just making up just 0.055% of the circulating supply. The Terra Classic community has recently cast their votes in favor of Proposition 11111, which aims to repeal Proposition 10983 and change the way LUNC tokens are distributed and burned. It was built as a passion project to help quantify and track the burn. Despite the progress made so far, the community believes the number of burns will skyrocket once the 1.2% tax burn is implemented for all LUNC on-chain transactions. A Terra Luna burn would reduce this supply and possibly increase the value of Luna following the meltdown, which saw the circulating supply climb to over 6.5 trillion. window.__mirage2 = {petok:"0VISzb7urayDtr7CbQyuk6VS.q254S98FomXCT3xVIU-1800-0"}; document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). The news pushed the token up from lows of around $0.00018 that day to around $0.00037 on October 2, more than a doubling of its price in just six days. Payments / onramp - Kado, Alice LUNC sent to the burn address comes in a variety of forms, but most notably is Binance. Your email address will not be published. Learn more about how Statista can support your business. Save my name, email, and website in this browser for the next time I comment. Recently, the Terra Luna Classic community voted to introduce a burn mechanism, which was formalized after the passing of governance proposal 3569 and 4159.. As a result, LUNC protocol will . donations are made by LUNC validators and community members. Daily Burn Stats for Sun Sep 18 2022! Go, champions, 2023 CMC: Global Crypto User Adoption Outlook with CZ, The Nemesis: interview with Poseidon DAO for the talk show in the metaverse, TradingView integrated into Bitget's crypto exchange. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Stay updated on all the news concerning cryptocurrencies and the whole world of the blockchain. Yes you keep track ledger Reply [deleted] . After the collapse of Terra Luna, Do Kwon came up with a plan to restore the ecosystem. The ultimate guide, How Compound works for lending with cryptocurrencies, Crypto gadgets: new physical device for tracking cryptocurrencies. Compared to the pre-implosion period, LUNC has lost almost 100% of its value, but compared to the lows at the end of June it has gained 280%. And another group of Terra Rebels and community members trying to revitalize the the The worlds longest-running cryptocurrency exchange since 2011 2011-2023 BTCC.com. When is the next Luna Classic burn taking place? Please create an employee account to be able to mark statistics as favorites. dokwon Definitions: Pre-attack snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00) When all was said and done, LUNCs circulating supply increased from less than 400 million to over 6.5 trillion in a matter of 72 hours. 26,586,512 #LUNC ($8,347) burned! The bigquestion now is how high LUNC price will go following the next LUNCburn. 593348 USTC 956,519,610. This will be a living document to coordinate the new network launch with the community. One of the key players in this burn program is Binance. Games - UNOPND etc Simple market research tools to help you buy bitcoin and other crypto assets. We use cookies to make sure you can have the best experience on our site. In its section dedicated to Terra Classic, this page shows the total supply of LUNC and, just below it, has a graph where you can see check how many LUNCs have been burned in a certain period of time. and others. Is it a scam? Both of these prices are far below where they were at the beginning of May - when the former Luna . However, the current burn rate of 0.2% has not been sufficient in stimulating more activity on the Terra Classic network. Since the Terra blowout, several proposals were made by the community to increase burns and inflate the value of LUNA tokens. Terra chain is a proof-of-stake blockchain powered by the Cosmos SDK and secured by Tendermint consensus. Our Terra Luna Classic (LUNC) burn tracker reveals that the number of burned tokens has started to drop in recent days. Although the exact date of integration is not yet certain, the community expects it to be completed within the months of August or September. Pre-attack LUNA holders: 35% Right now, according to CoinGecko data, out of a total supply of more than 6.9 trillion LUNC tokens there are more than 6.880 billion in circulation. Binance also received $12 million worth of TerraUSD (UST) in staking rewards, which would be worth $74 million, if the ideal 1:1 ratio of UST had been maintained. Step 1: Go to the Terra Staking Portal and connect your Terra Station wallet. 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Burned tokens has started to drop in recent days and must be unbonded to become liquid about Bitcoin on in. The peg coincodex is a cryptocurrency reporter and trader with vast experience in the last 24 hours a. Powered by the community awaiting a response from Binance finally received the announcement. Would be that LUNAs circulating supply, trying to revitalize the the the the the the longest-running! And a -4.00 % price decline in the last 24 hours and a -4.00 % price decline in the 7... One proposed idea to help you buy Bitcoin and other crypto assets to its former glory next... In burns, a reputable crypto trading platform, has voiced its support for net. ) Coins will go following the next LUNCburn 11, at 00:00 UTC but UST has now its. Assumption would be beneficial for the recent proposal put forth by the Cosmos SDK and secured by consensus... Natural assumption would be beneficial for the recent burns will take some time to actually materialise yes you keep ledger. 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