The recent tweet shared by TerraCasino reveals the platform has burned over 23 million Terra Luna Classic (LUNC). Interestingly, the venue set a total of 5 million on fire on Christmas in addition to the already burned.
“From the @TerraCasino_io team we would like to thank all of our existing customers and those yet to enjoy us a very Happy Christmas or holiday season,” the casino tweeted. “To help you celebrate it we have just burned another 5m LUNC.”
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TerraCasino Burns Over 23 Million Out 24 Billion In six Months
The rate at which TerraCasino burns is seen at a low pace compared to the onset promise of burning 24 billion LUNC in six months. Working with its pace of burning, it will likely burn only 138 million LUNC in the set period. Still, a 23 million LUNC voluntary burn is nothing to scoff at.
Meanwhile, Senior TerraCVita member Rex Harrison, AKA Rexzy (@RexYellerBelly), has lauded the casino for its efforts, admitting that he was proud to have been involved in the project.
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“So proud to be part of this. In a month over 23m LUNC has been burned using fun as the incendiary incentive,” Rexzy wrote. “Another massive 5m LUNC today.”
It is worth noting that Casino is very zealous about promises it made previously. Furthermore, TerraCVita championing the idea of voluntary burns urged the community to support the betting platform.
The TerraCasion is one of two DApps burning LUNC after the MoonShot, a lottery game launched by Terra Rebel. At the moment, the Lottery game has incinerated over 27 million LUNC per the last update from Terra Rebels’ admin ClanMudhorn (@ClanMudhorn_).
It is worth noting that DApps will incentivize on-chain activity and skyrocket the rate of LUNC burns. So far, the Terra Classic network has burnt over 36 billion LUNC, around 0.5% of the 6 trillion supply.
Additionally, the data revealed that holders are burning an average of over 327 million LUNC daily.