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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.
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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.
According to Sunday’s tweet, Crypto Classic noted that proposal 8813 had passed the governance vote, in this view a total of 1.6 million USTC is going into the new grants program.
Terra Rebel unveiled the first rounds of its lottery game giving a total of 24 million LUNC to the winner as the game came to its end while the 10.5 million of this total were set on fire.
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%.
Since the occurrence of the collapse that happened as far back as May 2022, the Terra community has been looking at all possible means to progress the chain to a better place
