LUNC News Archives - Page 17 of 17

Binance And KuCoin Exchanges Make The Total LUNC Burn To Hit Over 70 Million Point

22Sep

By CryptolifedigitalNo Comments

Cryptocurrency

Binance And KuCoin Exchanges Make The Total LUNC Burn To Hit Over 70 Million Point

There has been a lot of burning following the launching live of the LUNC 1.2% tax burn. For instance, the exchanges like Binance and KuCoin have greatly spiked the total LUNC burn after its live launch to over 70 million points. Although the Binance exchange only implement the proposal on deposit and withdraw only and surprisingly, the most burn came from the KuCoin as the Binance recently implemented the change. The figure above compares to just 18 million tokens burnt in the 13 hours before. Read Also: Dogechain Launches Dogegress, The Dedicated Decentralized Governance Platform For Dogechain Projects Binance To Bring Another Surge In The LUNC Burn As stated by WhaleClubs, a LUNC influencer account, displayed a screenshot that suggests possible congestion on the exchange as ...

Over 12 million LUNC Burnt Since The LUNC 1.2% Tax Burn Proposal Went Live

21Sep

By CryptolifedigitalNo Comments

Cryptocurrency

Over 12 million LUNC Burnt Since The LUNC 1.2% Tax Burn Proposal Went Live

A few hours following when the LUNC 1.2% tax burn Proposal went live, a total of 12 million+ LUNC tokens has been burnt as gotten from the data from LUNC validator StakeBin. There is no doubt that the proposal can reduce the total supply of the LUNC tokens just as previously stated by some analysts. Analysis Of the LUNC Burn The Proposal went live today at almost 6:18 UTC after it has been longed-awaited. The proposal is expected to reduce the total supply of 6.9 trillion to a minimal amount of 10 billion. Read Also: Ripple's General Counsel, Stuart Alderoty Says SEC Chair Cannot Self-Appoint Himself As The Cop On The Beat For Crypto Per the analyst; Applying a 1.2% tax burn to the last week’s volume of 1.17 trillion, 14 billion LUNC can be burnt every week, 60 billio...

The Long-Awaited LUINC 1.2% Tax Burn Proposal Is Now Officially Live

21Sep

By CryptolifedigitalNo Comments

Cryptocurrency

The Long-Awaited LUINC 1.2% Tax Burn Proposal Is Now Officially Live

The long-awaited LUNC 1.2% tax burn proposal is now live after months of waiting. The new development was announced by reXx, a member of TerraRebel. https://twitter.com/reXxTerraRebels/status/1572470368346210315 It is worth noting that henceforth, the users will be charged a 1.2% tax on all on-chain transactions, with the collected fees sent to the Terra burn wallet to bring down the excess LUNC supply. Read Also: COTI, An Official Issuer Of Cardano's Stablecoin Announces Another Partnership With Cogito Protocol Tax Burn Is To Reduce The LUNC Total Supply The idea of this is to reduce the supply in circulation to a sizable amount. It was previously said that the proposal is to a total of 6.9 trillion to about 40 billion and it is calculated to take a decade at a 1.2% tax ...

A Latest Top Crypto Exchange, CryptoCom Confirms Its Support For LUNC 1.2% Tax Burn Proposal

20Sep

By CryptolifedigitalNo Comments

Cryptocurrency

A Latest Top Crypto Exchange, CryptoCom Confirms Its Support For LUNC 1.2% Tax Burn Proposal

The LUNC's 1.2% tax burn proposal gains more attention from the crypto exchanges platform as another top crypto exchange, CryptoCom, confirms its support for the proposal. LUNC 1.2% To Go Live On 20th Sept 2022 And CryptoCom Confirms Its Support The latest top crypto exchange, CryptoCom announces its support for the LUNC 1.2% tax burn proposal on the 20th of September, 2022 surprisingly the deal day that the proposal will go live. Recall that the LUNC 1.2% tax burn is Scheduled at block 9,475,200, expected to go live on 20th September 2022, and will be supported by the exchange. Read Also: Sir John Richmond Prints New Collections Featuring Shiba Inu Ahead Of The 2022 Milan Fashion Week https://twitter.com/cryptocom/status/1572186433997111296 CryptoCom Support Is Limite...

Over 466 Million LUNC Were Burnt By MEXC Global As It Concluded Its Burning Event For Spot Trading Of LUNC Pairs

20Sep

By Cryptolifedigital1 Comment

Cryptocurrency

Over 466 Million LUNC Were Burnt By MEXC Global As It Concluded Its Burning Event For Spot Trading Of LUNC Pairs

The MEXC Global exchange has completed its burning event for the spot trading fees of Terra Luna Classic pairs which include LUNC/USDC and LUNC/USDT on 17th September 2022. MEXC Global Successfully Conducted 14-Day Burn Event For LUNC Recall that the event was initiated following the exchange’s support for the LUNC 1.2% tax burn proposal on the 3rd September 2022 and it stated that the event will first run for a space of two weeks which after it will wait for the community feedback. Read Also: Sir John Richmond Prints New Collections Featuring Shiba Inu Ahead Of The 2022 Milan Fashion Week Per MEXC Global; “MEXC concluded the burning event for spot trading fees of LUNC/USDT and LUNC/USDC.” “As the first CEX to support the burn tax proposal from the Terra Classic ...

LUNC Community Asks Central Exchanges To Implement Tax Burn Proposal On Off-Chain Activities Via New Proposal

18Sep

By CryptolifedigitalNo Comments

Cryptocurrency

LUNC Community Asks Central Exchanges To Implement Tax Burn Proposal On Off-Chain Activities Via New Proposal

Another proposal has been launched by the LUNC community to request the central exchanges (CEXes) implement the proposal on off-chain activities such as spot trading. Recently, various exchanges have added support to the tax burn proposal, although most of the support are deposits and withdrawal only. In the recent AMA, Ask Me Anything with KuCoin on Thursday, the exchange stated that it would not implement the proposal for the off-chain transactions. Read Also: Shiba Inu Is Now Available For iOS Users Resident In Australia https://twitter.com/LUNC_Supply/status/1570573438028513293 The statement of the KuCoin exchange was not as expected by the LUNC community as they think that the exchange appeared to suggest they would support off-chain burns. https://twitter.com/LUNC_...

Santiment Says The True LUNC’s Elevation To Come After Current Consolidation

17Sep

By CryptolifedigitalNo Comments

Cryptocurrency

Santiment Says The True LUNC’s Elevation To Come After Current Consolidation

The terra classic seems to be reclaiming the throne but unlike the several assets like Dogecoins, Shiba Inu (SHIB), and Safemoon (SAFEMOON) have all sprung up and lost the spotlight that surfaced and could not maintain the position. As recently stated by the Santiment analysis, revealing some similarities among the price action of these meme coins, noting LUNC’s rise using metrics such as social presence and price movements, giving it the title of “meme king crown.” Read Also: Shytioshi Kusama's Confidence Increases, He Says Shiba Inu Will Not Lose Its Hype Although Never Focused On Unnecessary Hype https://twitter.com/santimentfeed/status/1569265026141151232 According to the Santiment, the LUNC has recently risen to social dominance in the space, as demand pressure sud...

LUNC Burn Says LUNC Has No Association With Do Kwon

15Sep

By Cryptolifedigital3 Comments

Cryptocurrency

LUNC Burn Says LUNC Has No Association With Do Kwon

The LUNC Burn has made it known point blank that the LUNC are completely owned and is being assisted by the TerraRebels. And then it reiterated that it has no association with Terraform Labs Founder, Do Kwon. LUNC Burn has revealed via four different Twitter threads that Do Kwon is working 100% on LUNA 2.0 and does nothing to improve the LUNC token. Read Also: Top Exchange Kraken To Support LUNC 1.2% Tax Burn Proposal “With the current news going around I need to reiterate that we $LUNC are completely community owned and are being assisted by the TerraRebels, we have no association to Stablekwon. He is 100% working on luna2.0 and does not have any input or association with $LUNC.” LUNC Burn tweeted https://twitter.com/LunaBurn_13/status/1569978494263742464 LUNC Burn state...

Top Exchange Kraken To Support LUNC 1.2% Tax Burn Proposal

15Sep

By Cryptolifedigital1 Comment

Cryptocurrency

Top Exchange Kraken To Support LUNC 1.2% Tax Burn Proposal

The support for the LUNC 1.2% tax burn is on the daily increase as another top cryptocurrency exchange announces its support for the proposal. According to a tweet by Kraken Exchange, an official Twitter handle of the Kraken crypto exchange disclosed its plan to support for the LUNC 1.2% tax burn following its official announcement of the same purpose on its website. Read Also: Crypto.com Adds LUNC To The Top Gainers’ List As It Spike By almost 20% https://twitter.com/krakenfx/status/1570061080004624384 Kraken stated in its official announcement that all users should be conscious of the fact that the exchange will add a fee as a means to introduce the 1.2% tax burn on LUNC and UST on-chain transactions. Concerning LUNC and UST deposits, Kraken says, “When depositing LUN...