Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens

Terra Classic Administrator, Edward Kim Vacates his role

Singapore-based cryptocurrency exchange WEEX has unveiled a new initiative designed to support the Terra Classic community and its ongoing LUNC burn program. This move highlights WEEX’s commitment to the long-term potential of the Terra Classic ecosystem.

Dedicated LUNC Landing Page Launched

WEEX announced the launch of a dedicated landing page for LUNC on its website. This page serves as a central hub for all information related to the LUNC burn initiative. It features a list of the program’s first ambassadors and a countdown timer for the monthly scheduled LUNC burns, fostering transparency and community engagement.

Read Also: Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

Collaboration with Prominent Community Figure

The WEEX program was developed in collaboration with Mr. Diamondhandz1, a respected figure within the Terra Classic community and host of the popular LUNCLIVE podcast. His involvement signifies WEEX’s commitment to working alongside community leaders to achieve shared goals.

WEEX, a Singapore-based Cryptocurrency exchange Initiative Benefits the LUNC Community

Analysts believe WEEX’s listing of LUNC spot trading pairs could position the digital asset for significant gains during the current bull cycle. The new landing page and the features of the token burn initiative have further fueled this bullish sentiment.

Read Also: Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs

A key element of the burn initiative involves WEEX allocating 15% of its trading fees from both Futures Pro and Spot platforms towards burning LUNC tokens. This burn mechanism aims to reduce the overall circulating supply of LUNC, potentially leading to an increase in its value. The initiative directly contributes to the community’s efforts to revitalize the LUNC ecosystem.

WEEX Demonstrates Dedication to Terra Classic

WEEX’s announcement emphasizes the company’s belief in the long-term potential of Terra Classic. The exchange aims to provide a robust trading platform for LUNC while actively contributing to the community’s efforts towards sustainability and growth. The monthly LUNC burning events and the dedicated landing page serve as concrete examples of this dedication.

A Call to Action for the LUNC Community

The WEEX landing page concludes with a call to action, inviting the LUNC community to join the initiative. By working together, WEEX and the community can create a brighter future for LUNC. The program presents a valuable opportunity for collaboration and contribution to the ongoing revitalization of the Terra Classic ecosystem. Mr. Diamondhandz1 echoed this sentiment, urging users to “Sign up and burn,” highlighting how continuous use of the platform contributes to the LUNC token burn rate.


Follow us on Twitter, FacebookTelegram, and Google News

  • 774 Posts
Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.