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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.
Before this time, Edward Kim released an update on his proposal to reopen the Inter Blockchain Communication before the Terra classic network upgrade, in his tweet today, he revealed has just initiated the voting of the proposal of reopening the IBC.
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.
It has been a celebration of joy among the community of the Terra Classic as the proposal to re-open the network’s Inter Blockchain Communication (IBC) was published by one Edward Kim,
There has been a dispute among the Terra Classic developers following the Casino code theft. Recall that the Casino is set to launch on the Terra classic network before the emergence of the theft controversy.
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.
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