LUNc Burn Archives - Page 3 of 3

FatMan Comment On The LUNC Tax Burn Proposal Prompts Terra Rebel’s Responses

15Oct

By CryptolifedigitalNo Comments

Cryptocurrency

FatMan Comment On The LUNC Tax Burn Proposal Prompts Terra Rebel’s Responses

While the whole community is happy with the idea of the LUNC proposal, the famous Terra whistleblower FatMan commented via a tweet saying that reducing the tax burn parameter to 0.2% and allocating 10% of the tax to the community pool for development is authoritarian. FatMan Comment On The Tax Burn Proposal FatMan tweeted; “Giving 10% of the tax to yourself is an even worse idea than the burning tax,” tweets FatMan. “Devs deserve to be paid – either through donations or via formal community pool spend proposals – but automatically redirecting 10% of every burn to “contributors” is authoritarian & wrong.” Read Also: Ripple Ads Appearing On The World Trade Prompts Digital Perspectives To Say Ripple Has No Lose In The Ongoing Lawsuit https://twitter.com/FatManTerra/status/15...

LUNC Burn Rate Hits 176,084% As Total LUNC Burn Hits Over 18 Billion.

11Oct

By CryptolifedigitalNo Comments

Cryptocurrency

LUNC Burn Rate Hits 176,084% As Total LUNC Burn Hits Over 18 Billion.

In a recent tweet shared by the LUNC Burn, an official Twitter handle that monitors the ongoing burning of the LUNC tokens noted that a total of 18.12 billion and another tracker also noted that LUNC Burn Rate hits 176,084%. The Binance’s burn is in no doubt increasing the number of LUNC token that has been set on fire concerning the ongoing LUNC tax burn proposal. Read Also: SEC Has Two Days To Request For Reconsideration Over William Hinman's Document Says Ripple Enthusiast https://twitter.com/LunaBurn_13/status/1579636809575071744 LUNC Burn Rate Hits 176084% Point Following Binance’s second round of LUNC trading burns, LUNC burn Tracker noted that the burn increased by 176,084% from the previous day. https://twitter.com/LunaBurnTracker/status/1579639175980240899 ...

Binance Initiates Second Round Of LUNC Trading Fee Burns With 3 Billion LUNC

10Oct

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Binance Initiates Second Round Of LUNC Trading Fee Burns With 3 Billion LUNC

In a recent tweet by LUNC DAO, it was revealed that Binance, the leading cryptocurrency exchange, has initiated a second round of LUNC trading fee burns which claimed a total of almost three billion LUNC worth about $1 million to the Terra burn wallet as part of its burn initiative to support the network. https://twitter.com/LUNCDAO/status/1579445012865388544 Second Round Of LUNC Trading Fee Burns Of Binance Although the update on the burn was once tracked by the LunaBurnTracker, which revealed it on its official Twitter handle. However, Binance hasn’t updated this transaction on its blog post but hopes to do so on or before 00:00 UTC on Tuesday. https://twitter.com/LunaBurnTracker/status/1579412329082634240 Recall that the largest crypto exchange added its support for...

LUNC DAO Introduces $1 LUNC Burn Campaign

8Oct

By Cryptolifedigital1 Comment

Cryptocurrency

LUNC DAO Introduces $1 LUNC Burn Campaign

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”. ...

Over 200,000 LUNC Investors Tweets Calling On Coinbase To Support LUNC Trading Burn

3Oct

By Cryptolifedigital2 Comments

Cryptocurrency

Over 200,000 LUNC Investors Tweets Calling On Coinbase To Support LUNC Trading Burn

In the quest to increase the Terra Luna Classic burns, over 200,000 tweets have been counted beckoning Coinbase to list the cryptocurrency, to contribute to the ongoing burns of the coin. Despite that a lot of trading platforms have added support to the ongoing LUNC burn proposal, the holders of the token are still working on new ways to intensify the burning of LUNC. Read Also: Michaël van de Poppe Shows Some Bullish Observation On LUNC It is worth noting that over time now, the LUNC community are still expecting some top exchanges to add their support for the proposal to increase the burn drive. For instance, Coinbase and Robinhood are yet to enable support on the LUNC trading burn probably because of the terrible past of the token and its blockchain. LUNC Investors Calls On...