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Binance Burns LUNC Tokens to Support Terra Luna Classic's Revival From November 30 to December 30, Binance accumulated transaction fees totaling $233,156 in burned LUNC Fees are burned by sending LUNC coins to a Luna Classic burn wallet, making the funds inaccessible to users and reducing the coin’s circulating supply. The transaction ID for the burn is:F6B1CB D3C9A5948A1353AA3C65F6AE30D627AF791EEE0311AA36.Ver más Binance’s first Luna Classic burn was completed on October 1 at UTC. The first burn was made up of LUNC trading fees from September 21 to October 1. 26 de sept. de 2025 Binance intends to burn trading fees on Luna classic (LUNC)after Terra governance token holders voted to implement a relatively rare 1.2% tax for on-chain The Terra Classic Foundation announced that 50% of trading fees will be used to buy back and burn LUNC tokens. This strategy aims to reduce the token’s circulating

Binance Completes First Luna Classic (LUNC) Burn: Fueling Terra Classic's Revival

Binance has successfully completed its first Luna Classic (LUNC) burn, a significant event in the ongoing efforts to revitalize the Terra Luna Classic ecosystem. This burn involved the destruction of a substantial amount of LUNC tokens, directly impacting the coin's circulating supply and potentially influencing its value.

Binance Burns LUNC Tokens to Support Terra Luna Classic's Revival

As part of its commitment to supporting the Terra Luna Classic community, Binance implemented a burning mechanism for LUNC trading fees. Binance intends to burn trading fees on Luna classic (LUNC) after Terra governance token holders voted to implement a relatively rare 1.2% tax for on-chain transactions.

Details of the First Binance LUNC Burn

Binance's first Luna Classic burn was completed on October 1 at UTC. The first burn was made up of LUNC trading fees from September 21 to October 1. From November 30 to December 30, Binance accumulated transaction fees totaling $233,156 in burned LUNC. Fees are burned by sending LUNC coins to a Luna Classic burn wallet, making the funds inaccessible to users and reducing the coin’s circulating supply.

The transaction ID for the burn is: F6B1CB D3C9A5948A1353AA3C65F6AE30D627AF791EEE0311AA36.Ver más

Impact on LUNC Supply and Value

Burning LUNC tokens is a key strategy employed to reduce the overall supply of the cryptocurrency. The Terra Classic Foundation announced that 50% of trading fees will be used to buy back and burn LUNC tokens. This strategy aims to reduce the token’s circulating supply. By removing tokens from circulation, the remaining tokens potentially become more valuable, benefitting holders and encouraging investment.

Stay updated on the latest LUNC burn events and developments within the Terra Luna Classic ecosystem.

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