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In a recent development shared via the official handle of the TerraCasino, said that it has just burnt a total of one million as a token of its contribution towards the 0.2% burn rate previously promised to the community.
The effort of the Terra Classic community has been so much remarkable as they throw a persistent weight behind the token, Binance recently announced the LUNC as the winner of its Community Showdown contest.
A recent tweet shared by LunaBurnTracker noted that a total of 35,789,630 (appr. 35.79M) LUNC were burned yesterday by an anonymous wallet.
The recent tweet shared by Terra Rebel, sounding a note of warning to its community of a token, named Interchain DAO Coin (IDC), hijacked its logo to mislead investors into believing that the Terra Rebels are behind the cryptocurrency.
According to a recent tweet, the current circulating supply of the Terra Classic is below six trillion as almost 1 billion LUNC was incinerated over the past six days.
Terra classic community hasn’t given up on the effort of reducing its token to the target amount, 10 billion LUNC as they are looking forward to the arrival of a new Casino on the Terra classic network that will aid the LUNC burning.
In a recent tweet shared by reXx, a member of Terra Rebel, noted that the long-awaited current circulating supply of the Terra Luna Classic has now been updated on the CoinMarketCap.
Terra classic core developer, Alex ForShaw designed a new proposal as a means of removing a total of 2 million from the circulation.
The general crypto market hasn’t affected LUNC classic as the token is performing better than BTC and ETH, rising by 7% over the last 24 hours, according to data on Coinmarketcap.
The recent development reveals that the LUNC has been doing greatly well in this period, with LUNC value spiking 273% over the past three months, 24 hours spike of 25%.
