Post-attack LUNA holders: 10% As highlighted by LUNC Burn, an unofficial Twitter account tracking LUNC burn activity, hours before the burn went live, about 4.1 billion LUNC had been burned without the parameter change. Post-attack UST holders distribution - 20% 15%. Stablecoins: according to Reuters, the winner is Tether, AGIX: the crypto of the moment. It costs you nothing. 53 burns @ 3 BPH. Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. 36% increase. The 24-hour volume of. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Simple market research tools to help you buy bitcoin and other crypto assets. sgwashere29 . 1 LUNC = $0.00028949 #LunaBurn, LunaBurnTracker (@LunaBurnTracker) September 19, 2022. You need at least a Starter Account to use this feature. The news pushed the token up from lows of around $0.00018 that day to around $0.00037 on October 2, more than a doubling of its price in just six days. This proposal is a continuation of a previous one that was introduced 7 days ago, which suggested the community discontinue the Seigniorage Reward Policy, thus ending the re-minting of 10% of previously burned tokens. The new Luna, on the other hand, is the one born after the implosion with the new Terra project, which is why it is also called Luna 2.0. Everything there is to know, Crypto analysis: Cardano (ADA), Pi (PI) and Akira (AKR), Dash, Cronos and Solana crypto assets on the upswing, Crypto news and price analysis of The Graph and Litecoin, Stellar, CRO and FLOKI, performance that don't do justice to these crypto assets, 2023 CMC Crypto Playbook: Centralized vs. Terra has announced to burn approximately 1 billion UST (about $690 million) in the community pool while raising the Base Pool of LUNA accessible to 100 million, bringing the total minting capacity to over $1 billion. Is it a scam? Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases. UST or LUNA on Terra protocols that cannot be easily identified Past Year of Developer Activity All repos Sources Forks Core only The founder of Terra, Do Kwon, has said that he has a recovery plan in place. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. Our Terra Luna Classic (LUNC) burn tracker reveals that the number of burned tokens has started to drop in recent days. Initially, the LUNC burn rate was set to1.2% of each transaction. value and Terra's algorithmic stablecoin UST plummeted to pennies on the dollar. Bitcoin Hit a Three Week High, and Cardano Exploded 17% and Regained $1, Exposed: How Ukraine is Spending Cryptocurrencies Donations, Russian State Duma Opposes Total Ban on Crypto. Moreover, during the current long bear market projects like these are really struggling to find new investors who are willing to buy the tokens in the hope that they might be worth more in the future. While UST has been the central narrative of Terras growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto. The community awaiting a response from Binance finally received the support announcement later on February 28. Just ask Terra, the community charged with maintaining the LUNA utility token protocol and terraUSD stablecoin developed by Terraform Labs.. On Tuesday, the community voted to burn just shy of 89 million LUNA tokens (roughly $4.5 billion). by the Terra Rebels. Insurance - Risk Harbor All data is pulled from official api address 27,337,229 #LUNC ($7,914) burned! Get top exchanges, markets, and more. Register now to begin your crypto journey, Download the BTCC app via App Store or Google Play. This thread is archived. finder.terra.money/classic/tx/AE4 #LunaBurn #BurnLuna 3 29 153 However, Luna. NFT exchange - Randomearth, Knowhere, Oneplanet, Luart, Talis ; The network has been struggling since its launch in late May. So far, in five months, only 22.7 million tokens have been burned, or only 0.33% of the total. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. However, the current burn rate of 0.2% has not been sufficient in stimulating more activity on the Terra Classic network. This is one of the reasons why LUNC is currently among the best cryptos under 1 cent. This is done in order to ensure that the total supply of tokens is constantly decreasing, thus increasing their value over time. Yeah, thats Trillion with a capital T. LUNA lost 99.99% of its https://t.co/nx9poA1RMm #LunaBurn #BurnLuna. Until May 2021, sentiment about the Terra-Luna project was very positive, but after the implosion, it became heavily negative. He remained in close contact with the Luna team ever since the partial Luna delisting on Binance. The Terra Rebels are now working diligently to implement these updates to the Luna Classic platform. window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). This rate is set to increase over time as well, depending on the situation in the market and the liquidity of Luna Classic tokens. The second plan detailed splitting the blockchain via a hard fork. Bitcoin ATMs: decline in installations of more than 1,000 ATMs in 2023. Due to an exclusive announcement from the lead developer, who revealed that the network will be integrating with Interchain Station, a wallet that supports multiple chains. By burning the Luna, holders hoped this will increase the scarcity of their coins, pushing the price back towards $1. Terra Luna Classic price has increased by almost 60% in the last few days. Statista. was wiped out from the market in a matter of days. Like many, I lost big during the Terra collapse. Learn more about how Statista can support your business. LUNC is gaining traction in the community, but LUNA 2.0 is being left in the sand.As a community-led rehabilitation approach following the collapse of Terra/Luna, a Terra Luna burn may have been implemented. At this rate it will take a little less than a year and a half to burn only 1% of the total supply, and about fifteen years to get to 10%. With the supply increasing 1700% in a few days, a major burn would be needed to restore this price. If you are going to burn your luna, convert it to UST and burn UST instead Reply Fit-Boomer . Binance, accounting for 70% of all trading volume in the space, has committed to carrying out LUNC burns on a monthly basis. Luna Classic News: Latest price, updates, and more. Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. Tests have also been conducted to determine the potential impact of the lunc burner tax. As for Terra Classic, it seems impossible for the new team to rebuild everything that was lost with the May implosion. LUNC Metrics was built to track analytics on the LUNA Classic chain, with revitalization work led Terra Lunas Revival Plan 2.0 $LUNA added since last Tweet: 7,062,603 ($1382.72). Chart. Click here to read more about the LFG reserve. 6,869,510,666,331. Before the Binance burn, which will a start on March 1, 2023, the Terra Classic LUNC community laid the basis for the potential increase in the coin's price. Price of the Top 10 cryptocurrencies by their market capitalization, from highest to lowest. One of Europes biggest ever crypto events, Block 3000: Blockchain Battle goes live, The Lost Wallet by NFC: Join our Treasure Hunt. In other words, the burn program is proceeding very slowly, so much so that the price of LUNC since the peak in early September has been falling almost steadily. The Terra Classic (LUNC) project has passed a proposal to introduce a 1.2% 'tax burn' to all on-chain transactions. The daily burning rate is approximated to be $50,000 worth of LUNC. Target staking rewards of 7% p.a. You can also play mobile games. 1/ Terra governance prop #1623 to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new Terra blockchain & LUNA ($LUNA) is now live. Daily Burn Stats for Sat Sep 17 2022! [Online]. Terra Luna Classic's largest validator Allnodes was the proposer of the block. Structured products - Nexus, Apollo, Aperture Show publisher information The purpose is to bring the cryptocurrency Terra Luna Classic (LUNC) back to the top after losing more than 99% 3 months ago. Even though the Luna 2.0 crypto exchange list grows, some exchanges previously vowed to burn Luna through their transaction fees. The old blockchain is now known as Terra Classic . not much, but it is a start and the burns keep coming. The Luna Classic team has also developed a series of other mechanisms to increase the scarcity of their tokens. Oct 2, 2022 3 min read Image: Shutterstock The value of Luna Classic, LUNC, is up over 70% for the week and up over 44% for the month, hitting $0.000365 mid Sunday as traders awaited final token burn numbers from Binance. In fact, post-Terra's Columbus-5 upgrade, LUNA has seen smooth sailing. After a spike in early September, which was immediately retraced, the price fell from about $3 to $2.4. The official LUNC burn wallet address is: Luna Classic, Terra Classic's cryptocurrency, has a token burn program, with progress viewable on several trackers, that aims to reduce circulating supply on a regular basis. //]]>. So this excludes trading on Can This Work? LaLiga Names Divi Official Crypto Wallet for MENA, SEA, & China, in Worlds First for a Football League. The original proposal, submitted by an anonymous community member, highlighted the reason for the motion, which is the recent significant decrease in the on-chain rate over the past 4 weeks. A Luna burn of its supply was one proposed idea to help the Luna recovery, but could it still happen? The figure spiked from 342 Million to its press-time value of 6.53 Trillion in just a single week. "Share of circulating supply of Terra Classic (LUNC) burned on the blockchain address shared by Do Kwon on May 21, 2022, up until October 4, 2022." This upgrade was voted on and approved by the Terra Classic community. Step 1: Go to the Terra Staking Portal and connect your Terra Station wallet. Can It Work? As. The official LUNC burn wallet address is terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. In this update, we'll be taking a closer look at what these proposals entail and the impact they will have on the Luna Classic ecosystem. Dex - Astroport, Loop, Terraswap, Pheonix Yes you keep track ledger Reply [deleted] . donations are made by LUNC validators and community members. Pre-attack aUST holders: 10% Additionally, users can use the burn rate calculator available on the website to calculate how much LUNC will be burned for trades of any amount. Available: https://www.statista.com/statistics/1317271/luna-burn-rate/, Share of circulating supply of Terra Classic (LUNC) burned on the blockchain address shared by Do Kwon on May 21, 2022, up until October 4, 2022, Available to download in PNG, PDF, XLS format, TerraClassicUSD USTC/USD price history up until October 20, 2022, 10-day Terra LUNA/USD realized volatility until May 12, 2022, Daily Terra Classic (LUNC) market cap history up until August 2, 2022, Daily TerraClassicUSD (USTC) market cap history up until August 2, 2022, Market cap of 120 crypto - incl stablecoin, NFT, DeFi, metaverse - in November 2022, Terra Classic (LUNC) dominance history up until July 7, 2022, TerraClassicUSD (USTC) dominance history up until July 7, 2022, Market dominance of 12 cryptocurrencies on November 15, 2022, Terra (LUNA) daily transaction volume up until March 23, 2022, Monthly active Terra (LUNA) addresses 2021-2022, Terra (LUNA) gas price history up until March 23, 2022, Transaction speed ranking of 69 crypto - including DeFi and metaverse - in 2022, Daily Terra (LUNA) trading volume history up until May 16, 2022, Daily TerraUSD (UST) trading volume history up until March 22, 2022, Biggest Terra (LUNA) exchanges based on 24h volume on March 24, 2022, Biggest TerraUSD (UST) exchanges based on 24h volume on March 24, 2022, Terra (LUNA) Sharpe ratio until March 23, 2022, TerraUSD (UST) circulating supply history up until July 7, 2022, Top 20 cryptocurrencies with the most value being staked as of November 11, 2022, Terra (LUNA) largest staking pools as of March 24, 2022, Maximum/current supply of 100 cryptocurrencies worldwide as of February 21, 2023, Monthly market share of 16 different crypto exchanges 2021-2023, Daily 24h volume of all crypto combined up until November 10, 2022, Solana (SOL) circulating supply history up until November 10, 2022, Quarterly number of crypto users in Germany 2021-2022, Quarterly number of crypto users in the U.S. 2021-2022, Quarterly number of crypto users in Mexico 2021-2022, Quarterly number of crypto users in Brazil 2021-2022, Quarterly number of crypto users in France 2021-2022, Quarterly number of crypto users in Italy 2021-2022, Quarterly number of crypto users in the UK 2021-2022, Information sources for cryptocurrency investing among users of Huobi 2022, Bitcoin (BTC) circulating supply history up until November 14, 2022, Crypto adoption in the U.S. as of November 2022, by age and gender, The 23 most popular crypto exchanges in the U.S. 2022, Weekly market cap of all cryptocurrencies combined up until February 2023, Top 100 crypto exchanges in the world based on 24h trade volume on November 14, 2022, Cardano (ADA) circulating supply history up until July 7, 2022, Find your information in our database containing over 20,000 reports. 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