Singapore Trading Platform Aims To Burn 30% Of LUNC Trading Fees Following Suite With Binance
The Terra Luna Classic’s community mission to lessen the LUNC circling supply has been able to attract the support of another crypto exchange. A crypto future trading platform operating from Singapore WEEX declared an obligation to burn 30% of LUNC trading fees, this is in resonance with the burn of 50% trading fees for LUNC Mechanism by Binance.
The Help Of Two Exchanges In Burning LUNC
WEEX in a post on the X uncovered its rationale to stand solidly with the Terra Luna Classic’s Community and the ongoing revival to recover LUNC.
WEEX plans to designate 15% of trading fees from its future Pro and Spot platform to add to the LUNC burn crusade.
According to the exchange:
“This results in a significant contribution of 30% of our trading fees from all pairings.” The LUNC burn support follows as a feature of the ambassador program to advance while decreasing the overall supply of Terra Luna Classic.
At WEEX, we stand firmly behind the @terra_money (LUNC) community and its rejuvenation efforts. WEEX has committed to allocating 15% of our trading fees from both our Futures Pro and Spot platforms.
This results in a significant contribution of 30% of our trading fees from ALL… pic.twitter.com/U4BHweTJAV
— WEEX (@WEEX_Official) March 13, 2024
Read Also: Terra Classic (LUNC) Gains Momentum with WEEX Listing, Eyes Dominance in Bull Run
Recall that WEEX on their Official X handle announced the listing of Terra tokens as reported by cryptolifedigital, a declaration that sparked community reactions portraying optimism that the development will help in the resurrection campaign of Terra Luna Classic.
One of the prominent members of the Luna Community and also the owner of LuncLive validator, Mr. Diamondhandz together with other LUNC holders declared membership in the WEEX ambassador program. WEEX is a non-KYC exchange that charges no maker fees and has US and Canada MSB licenses.
The Burn Campaign Initiated by Binance has Been able to see the burn of over 53 billion Terra Luna Classic (LUNC) tokens recently, with 2.21 billion LUNC tokens in the nineteenth batch of the LUNC burn system.
LUNC Performance
LUNC price has recently fallen 2% in 24 hours, with the Terra Luna Classic price trading at $0.000179 at the hour of composing. The 24-hour low and high are $0.000179 and $0.000185. The volume of the trading has dropped further by 25% in 24 hours, demonstrating a decrease in interest among potential traders.
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