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The recent announcement made by the largest cryptocurrency exchange revealed that the Binance exchange has created a little amendment to its previous commitment towards burning the Terra Classic (LUNC).
The LUNC burn rate has been encouraging over time as the massive amount of LUNC tokens has been set on fire,
As covered by the Cryptolifedigital previously, the repealing of the reminting of 50% of all burned LUNC tokens, the recent development confirmed that proposal 1111 has been successfully passed.
The recent tweet shared by TerraCasion reveals the platform has burned over 23 million Terra Luna Classic (LUNC).
Almost 20.0 million Terra classic (LUNC) tokens have been incinerated over the past 24 hours amid a rally resulting in a 6% price surge and massive increase in burn rate,
The recent tweet shared by the Terra Classic development group TerraCVita has released its whitepaper.
The recent proposal which is being voted upon currently stated that the reminting of 50% of all Terra Luna Classic (LUNC) burns allocated to the community pool at the end of every epoch.
Interestingly, the asset is currently having the hands of support from the largest crypto exchange, Binance as it completed its second airdrop round of LUNA tokens.
One of the prominent Terra Classic community members, Classy Crypto, recently updated the community that has initiated 100% burns of all the commissions he realized from his LUNC validator
The recent development revealed that the developers at the Terra classic have delivered the v23 upgrade, the Terra Rebel member and Terra Classic core developer Raider 70 mentioned it.
