LUNC DAO Introduces $1 LUNC Burn Campaign

https://cryptolifedigital.com/wp-content/uploads/2022/10/LUNC-DAO-Introduces-1-LUNC-Burn-Campaign.jpg

The LUNC community has been creative and strategic about reducing the total supply of LUNC tokens as LUNC DAO recent revealed in its tweet urging its followers on Twitter to destroy almost 333.7 million LUNC via a new campaign, $1 LUNC Burn.

$1 LUNC Burn Campaign Begins: LUNC DAO

LUNC DAO has big Twitter followers up to 95,342 followers called CEOs to incinerate at least $1 worth of LUNC to the burn wallet.

Read Also: Ethereum Now Tops The List Of The Most Staked Crypto Assets

At the time when the news was filed, 3,500 LUNC equivalent to $1 and by calculation, a total of 333.7 million LUNC will be burnt if all the followers yield to the call.

LUNC DAO urged the community to join the campaign by sending at least 3,500 LUNC to the burn wallet using the memo “CEO Burn”. 

https://twitter.com/LUNCDAO/status/1578565434588237826

There has been a huge success following the new strategy, as a screenshot of a series of burns initiated regarding the new strategy from the wallet’s blockchain data was shared by LUNC DAO.

Early LUNC Burn Via LUNC $1 Burn Campaign

It is worth noting that Binance takes the lead in the total LUNC of 14 billion. It is barely a week since Binance started its LUNC burn.

Read Also: Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours

Exchanges Have Been Supporting LUNC Tax Burn, CetoEX Recently Added Its Support

The LUNC Tax Burn proposal has been released more than a couple of weeks ago. Exchanges like Binance, KuCoinMEXC Global, Lbank, Huobi, Bitrue, Gate.io, CoinInn, Kraken, and CryptoCom have recently supported the proposal and out of these, only Kucoin, MEXC Global, CoinInn, and eToro support burns on LUNC trading.

Following the support of MEXC Global,  initiated its 14-day LUNC burn event which was concluded on the 17th of September with the burning of over 466 million LUNC tokens.

Furthermore, the CetoEX recently added its support to the LUNC as promised to implement the proposal on both on-chain and off-chain LUNC transactions.


Follow us on Twitter, FacebookTelegram, and Google News

  • 1395 Posts
  • 2 Comments
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.
Loading...