Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. When is the next Luna Classic burn taking place? All data is pulled from official api address This means that even if a trade doesnt occur directly on the blockchain, tokens are still burned in order to secure the network. This rate is set to increase over time as well, depending on the situation in the market and the liquidity of Luna Classic tokens. Details are subject to change. Aptos airdrop: How to get it? The recent launch of the Luna Classic and its community-driven development initiative have brought forth proposals 3568 and 4059 which have been passed with an overwhelming 99% approval from validators. All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Once the proposal was passed through a community vote, 10% of LUNAs circulating supply was burned and the same was expected to reduce overtime. Terra Validators Delegate to Smart Stake Total Stake ($LUNA) 524,019,340 Staking APR / APY (%) 14.5963/15.7 Percent Staked 49.20% Pending Undelegations (1/7 days/ all) 282.4k/6.7m/12.0m ** Staking APR is based on inflation, block rate, 0% commission, and does not reflect transaction fees. Register now to begin your crypto journey, Download the BTCC app via App Store or Google Play. . May 22, 2022 - Posted in terraluna by luna Do Kwon has given the community the official address for burning $LUNA The price has already gone up 70%+ in one hour as the community has decided to start burning the tokens. Any amount helps! 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. Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00) 96,000,000 #LUNC ($26,244) burned to Luna Burn Wallet! According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordabl Where can you see real time the burning of the Terra Classic network? Bitcoin ATMs: decline in installations of more than 1,000 ATMs in 2023. 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. The official LUNC burn wallet address is terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. 593348 USTC 956,519,610. Today it reached a high of $1.76, and now sits at $1.73. The Luna Classic team has also developed a series of other mechanisms to increase the scarcity of their tokens. By burning a portion of tokens every time someone trades on the blockchain, Luna Classic can reduce the total number of tokens in circulation and ensure that users are rewarded for holding onto their coins. Definitions: Pre-attack snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00) data, the circulating supply has shrunk from 210 million at the end of May to the current 125 million. Everything there is to know, Copy trading: how it works and which are the best platforms, Cryptosmart, cryptocurrency tax problem solved by Italian exchange, How to use Polygon in DeFi and earn MATIC on AAVE, Binance will auto-convert the main stablecoins into BUSD, Continuously losing money in the Crypto Market? Create a new Terra chain without the algorithmic stablecoin. All bonded / unbonding Luna, minus TFL at Pre-attack snapshot; staking derivatives included 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. Only transactions that happen on chain can be taxed. 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. In recent updates, the software has undergone several updates and rollbacks, with the most recent version being v0.5.21. Some details of the token allocation have been modified in the proposal to accommodate community feedback - changes and reasoning outlined here. The Luna Classic burn status is tracked by various websites that provide users with a chart that displays the number of tokens that have been burned since the burn mechanism initially went live, such as TERRARITYs LUNC Burner. Therefore, it was decided that returning the burn rate to its previous level of 1.2% would be beneficial for the network. As the table below shows, the burn efforts have seen Binance remove a total of 8,588,471,344.33 LUNC, which has a dollar equivalent of $2,993,480,008.16. I hope you make it to the moon . Users mint new Terra by burning Luna. Exchange integration, dapp migration, and validator guides have been added to Technical Details. Dogetti And XRP Have Interesting Updates The Market Can Look Forward To, Luna Classic should not be confused with Luna. Click here to read more about such community-owned crypto blockchains. LUNC price could surge to a maximum of $0.00212 by the end of 2030. (The Truth EXPOSED!) Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. Terra has announced to burn approximately 1 billion UST (about $690 million) in the community pool while raising the Base Pool of LUNA accessible to 100 million, bringing the total minting capacity to over $1 billion. No reason was provided why this was the case. Indeed, Do Kwon has now come out and said TerraForm Labs does not have the funds or coins to burn the Luna circulating supply. Win a CryptoPunk. From a low of $0.00004 in early June, the token is now up by close to 600%, trading at $0.00029 as of press time at 11:48 UTC. 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. Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels. The latest news about cryptos, in our Telegram channel. As. window.__mirage2 = {petok:"0VISzb7urayDtr7CbQyuk6VS.q254S98FomXCT3xVIU-1800-0"}; Chart. In May 2022, Terra Money tragically collapsed. In other words, the burn program is proceeding very slowly, so much so that the price of LUNC since the peak in early September has been falling almost steadily. 11 February, 2023 - 10:03 Editor: Jakub Motyka. 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. The numbers provided have been gathered and calculated by Statista, from Bitquery and Messari.io, based on a tweet from LUNA CEO Do Kwon sent on May 21, 2022. 00 Token Coinbase Answers: Earn Free $3 00 Token Crypto. With a circulating supply of 5.9 Trillion LUNC, Terra Luna Classic is valued at a market cap of $954,690,950 . Burning a part of LUNC supply is part of efforts investors believe would bolster the value of the cryptocurrency again. Some top cryptocurrency exchanges have already announced that, they will support the proposal once it goes live on September 20, 2022, John Richmond Planning to Design SHIB-Themed Apparels for Shiba Inu Metaverse, Address Dormant For 2 Years Sends 68B Shiba Inu To Voyager, BabyDoge Burns 1 Quadrillion Tokens in One Transaction, Relist XRP Trends as Coinbase Launches Crypto Advocacy Campaign, Uphold Responds, Shiba Inu Announces Its Exhibition Date for Upcoming SXSW 2023 Festival, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, Shiba Inu Lead Developer Reacts As Shibarium Gets New Support. LUNC, the former LUNA, doubled its price in a week in anticipation of a new supply burn regime. How to burn Shiba tokens? This new chain will launch with 1 billion Luna, a huge decrease from 6.5 trillion. 109. 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Most traders know of Terra Luna. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. Terra Luna Classic (LUNC) Tax Burn Is Live, The United States Already Allows Paying Taxes With Crypto, TerraPoker (TPT), P2E Game Based On Terra Blockchain, Launch Date Revealed, Save 10% Buying Your Ledger Crypto Wallet During This Black Friday, The Best Crypto To Invest In The Last 24 Hours: From $1,000 To $1,310, Coinbase Will Let You Send Crypto Using name.cb.id Addresses For Free. So at this time it is not surprising that both LUNC and LUNA perform poorly in the markets, partly because enthusiasm for them has now died down. The #BurnLuna hashtag trended on Twitter throughout the voting process. The LUNC burn is a unique approach to reducing the circulating supply of tokens and increasing their value over time. LUNC classic is a site where investors can follow instantly. Over $60 billion USD 79 burns @ 4 BPH. Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. exchanges will join the burn. Recover a Bitcoin wallet.dat password in 2 minutes! official burn address. The old blockchain is now known as Terra Classic . The figure spiked from 342 Million to its press-time value of 6.53 Trillion in just a single week. Please create an employee account to be able to mark statistics as favorites. All provided information without any warranty of being correct. A 20-year trader share his ways to profit, How to buy, sell and create NFTs on OpenSea. Currently, you are using a shared account. These numbers give an idea of the potential impact if these proposals were implemented by other major exchanges as well. So, in order to increase the supply of TerraUSD, LUNA tokens need to be burned. great benefits, like discounted trading fees and free sign up bonuses. So, where did Terra Classic come from? October 5, 2022. Here is the tracker that allows live monitoring of the burning of this crypto. Binance burn currently represents over 50% of total LUNC burn. 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. Luna Classic Burn: How Many LUNC Have Been Burned So Far? Aptos price prediction: Is APTtoken a good investment? In today's video, I will talk about the luna token which is burning a lot and in the next 48 hours, we can see a lot of pumps.#LUNA #terraluna #lunacoin #cry. Can This Work? Terra Classic Luna investors have continued to support the project as they hope to make LUNC valuable again via a series of community efforts, including burns and staking. These include algorithmic buybacks that are triggered when certain conditions are met, such as when the price goes above a predetermined level. 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. Find the latest news about cryptocurrencies, the best tutorials and, if you want to know us better, take a look at our About us page. Since the Terra blowout, several A new revival plan dubbed 2.0 was shared by Terras founder, Do Kwon. Do Kwon has given the community the official address for burning $LUNA It is worth mentioning, however, that different aggregators report different data regarding the actual circulating supply, so this figure is not to be taken with certainty. Pre-attack LUNA holders: 35% This is to ensure that small Luna holders have similar initial liquidity profiles. Good luck, internet stranger! If you continue to use this site we will assume that you are happy with it. If you are going to burn your luna, convert it to UST and burn UST instead Reply Fit-Boomer . Access to this and all other statistics on 80,000 topics from, Show sources information Terras Life Foundation Guard (LFG) had to deploy resources to the tune of $1.5 billion earlier this week to stabilise the price of its tokens. Source. In fact, he is wanted by police in South Korea, his home country, who would like to arrest him. Binance is said to have burned 13.7 billion LUNC tokens in October 2022, which accounts for about a third of the total tokens burned so far. Analytics - Coinhall, Flipside You need a Statista Account for unlimited access. Wallet - Station, Leap, Falcon Which exchanges have agreed to burn 1.2% on Terra Luna Classic (LUNC)? For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter Your email address will not be published. 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. Terra Classic price is expected to reach as high as $0.000314 by the end of 2023. Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience 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. TerraUSD, Terra's native stablecoin, is backed by LUNA. However, Luna Classic should not be confused with Luna, because they are now two completely different and independent cryptocurrencies. Explorer - Finder 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. Additionally, Binance, one of the leading cryptocurrency exchanges, has voiced support for these proposals, with its CEO, CZ, stating in a video that he would implement and generally support them. The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. 36% increase. When Binance firstannouncedits token burn mechanism for Luna Classic on September 26, the token soared by close to 68% in a day. 6,869,510,666,331. donations are made by LUNC validators and community members. NFT exchange - Randomearth, Knowhere, Oneplanet, Luart, Talis Register on Binance with my link and you will get 10% commission back for each crypto operation! And it helps keep this site Invest Cuffs 2023 - one of the largest investment congresses in Europe! original chain, now called LUNA Classic. Terra Lunas Revival Plan 2.0 Now, a natural assumption would be that LUNAs circulating supply would trim down after the recent burns. It did, technically, have the same effect as a burn could in reducing the supply, although deciding to restart the chain was a more nuclear approach. 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