Terra Classic blockchain upgrade v1.0.5 successfully went live at block height 11,543,150 on February 15 at 18:28:24. The proposer of the block was Kucoin LUNC Node. While the developers were busy with the blockchain upgrade, the community fails to burn significant LUNC tokens this week as part of the commitment to remove tokens out of the total circulating supply.
The community burned over 15 million LUNC tokens last week, as compared to 12 million LUNC in early January. The milestone set by the community indicated a move in the right direction as per the goal to burn billions of LUNC in 2023. In fact, the community believes LUNC price can hit $1 in 2023 through regular burns and bringing back utility.
Also Read: Reasons Behind the Crypto Market Rally Today
The Terra LUNA Classic community burned just 5 million LUNC tokens this week, losing the focus to burn in the absence of crypto exchange Binance’s monthly LUNC burn mechanism.
Cremation Coin project burned 3.39 million LUNC, maki
We współpracy z: https://coingape.com/terra-luna-classic-lunc-burn-plummet-amid-upgrade-price-to-fall-next/
