The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. Data is updated every 5 minutes LUNC is currently down 10% in price today to $0.0001094 meanwhile USTC is down 21% to $0.01905. 069336 LUNC 9,800,590,920. dokwon The Crypto exchange Binance said it supports the Terra Classic network upgrade v1.1 . Terra Luna Classic's largest validator Allnodes was the proposer of the block. TerraUSD, Terra's native stablecoin, is backed by LUNA. Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot. Dex - Astroport, Loop, Terraswap, Pheonix From the ashes, two groups emerged: one led by Terra founder Do Kwon, trying to build a new LUNA chain The figure on total supply, on the other hand, is certain. However, Luna. 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. From a low of $0.00004 in early June, the token is now up by close to 600%, trading at $0.00029 as of press time at 11:48 UTC. 1,221,968 #LUNC ($216) burned to Luna Burn Wallet! Statista. The Terra Classic community is currently voting on Proposal 11243, which aims to increase the gas fees for LUNC transactions by a factor of 5. The Terra Rebels are now working diligently to implement these updates to the Luna Classic platform, with Proposal 3568 aiming to decrease the overall supply of Luna Classic by implementing a transaction-based burner tax and Proposal 4059 focused on reintroducing the staking functionalities to the platform, both of which are expected to have a positive impact. Despite the Terra Luna vote approving a new chain, much of the Luna community seemed in favour of a burn. Data from CoinMarketCap indicates that the circulating supply of Luna Classic (LUNC) is currently standing at 6.15 trillion tokens. The content is for informational purposes only and may include the author's personal opinion, and does not necessarily reflect the opinion of Criptokio.com. Recover a Bitcoin wallet.dat password in 2 minutes! This allows users to track the burn progress and get a better understanding of the burn mechanism. In recent updates, the software has undergone several updates and rollbacks, with the most recent version being v0.5.21. The worlds longest-running cryptocurrency exchange since 2011 2011-2023 BTCC.com. The next burn is scheduled for Tuesday, October 11, at 00:00 UTC. The ultimate guide, How Compound works for lending with cryptocurrencies, Crypto gadgets: new physical device for tracking cryptocurrencies. Definitions: Pre-attack snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00) The idea behind this is to decrease the overall supply of Luna Classic, thus increasing the demand and value of the remaining tokens. news.google.com 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. Burn alert! There are several ways to burn tokens, and everyone can participate to the party. Reporting the future.The latest news about Bitcoin, ICO, trading, blockchain and fintech. Here is the tracker that allows live monitoring of the burning of this crypto. Who Owns The Most Shiba Inu (SHIB) Coins? Furthermore, some exchanges like Binance are implementing the Luna Classic burn mechanism even on trades facilitated by the exchange. It was built as a passion project to help quantify and track the burn. Yesterday, September 28, only 158,917,653 LUNC tokens were burned, far from the maximum of 467,117,204 LUNC burned reached a few days ago. Terra is closing in on all-time highs as investors anticipate a supply reduction. Interestingly, 96 million LUNC tokens worth $26,244 were sent to the LUNC burn address earlier today. O ne of the biggest disasters the industry could ever face. In fact, he is wanted by police in South Korea, his home country, who would like to arrest him. The total amount of LUNC tokens burned so far is approximately 39.4 billion, or roughly 0.57% of the total supply. Luna Classic is a decentralized, consensus-based blockchain protocol that operates on a secure proof-of-stake consensus mechanism. Terra Classic's Revival LUNC/USD is attempting to make. The Terra recovery plan launched Luna 2.0, meaning a Luna burn was not chosen as the way to save Luna. Luna (LUNA) price is up 0.120000% in the last 24 hours. Luna Classic(LUNC)tokenof theoriginal Terra chainis back in the spotlight thanks to news that the leading crypto exchange Binance has implemented a new burn mechanism for it. There are also other problems related to the current and future development of the two projects. The daily burning rate is approximated to be $50,000 worth of LUNC. So this excludes trading on Since the Terra blowout, several A new revival plan dubbed 2.0 was shared by Terras founder, Do Kwon. Do Kwon has given the community the official address for burning $LUNA New Blockchain: The existing Terra Blockchain will be forked into a new Blockchain, but without the unique arrangement of the UST algorithmic Stablecoin UST mechanism. There is an updated tracker on TerRarity that shows how many LUNC tokens are being removed. few hundred million to 6.9 Trillion. Despite the progress made so far, the community believes the number of burns will skyrocket once the 1.2% tax burn is implemented for all LUNC on-chain transactions. As for Terra Classic, it seems impossible for the new team to rebuild everything that was lost with the May implosion. 26,586,512 #LUNC ($8,347) burned! UST or LUNA on Terra protocols that cannot be easily identified Step 2: Select a validator from the list by clicking on their name. LaLiga Names Divi Official Crypto Wallet for MENA, SEA, & China, in Worlds First for a Football League. Accessed March 02, 2023. https://www.statista.com/statistics/1317271/luna-burn-rate/, Statista. I didn't panic sell when UST de-pegged, and consequently These include algorithmic buybacks that are triggered when certain conditions are met, such as when the price goes above a predetermined level. Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot - 1 year cliff, 3 year vesting thereafter. Tax Burn for LUNC on Terra Classic (LUNC) Network Temporary suspension of LUNC network transfers at 20 September 2022, 18:00 UTC Sep 20, 2022 The Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for all on-chain transactions of LUNC on Terra Classic network. These numbers give an idea of the potential impact if these proposals were implemented by other major exchanges as well. Luna Classic News: Latest price, updates, and more. By simply listening some musics playlist on spotify, youtube. You need at least a Starter Account to use this feature. 593348 USTC 956,519,610. Learn more about how Statista can support your business. To make this a reality, investors have increased the rate at which they are burning LUNC tokens, with tens of millions of LUNC burnt daily. Binance is said to have burned 13.7 billion LUNC tokens in October 2022, which accounts for about a third of the total tokens burned so far. 24-hour trading volume is $48.39M USD. For example, at the time of writing this news today, September 21, in the last 24 hours more than 14 million LUNC have been burned, which is equivalent to about 4,000 dollars in Terra Luna Classic tokens that have been destroyed to decrease the total supply. This will assist speed up the flow of UST out of the system, bringing it closer to its peg and driving down the price of Luna. However, the Terra Classic community ultimately decided to move forward with the new proposal, with 39 out of 42 transaction verifiers approving it. Post-attack snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00) 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. 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. The creator of the Cardano blockchain on the regulatory attack on crypto: what is the trigger? As soon as this statistic is updated, you will immediately be notified via e-mail. The 5% saved goes to the community pool. The community is now waiting for full integration of these proposals into the Luna Classic platform. 200195 LUNC Aptos airdrop: How to get it? 2Bit Crypto June 19, 2022 13 Less than a minute 789 BitTorrent - BTT 751 Gemini 750 NEAR Protocol - NEAR 738 Stellar - XLM 734 BakeryToken - Bake Coin 730 Holo - HOT 730 MetaPets - MetaPets Token 711 Ethereum Classic - ETC 699 1inch - 1INCH 698 DAO Maker - DAO 697 LUNC classic is a site where investors can follow instantly. It did, technically, have the same effect as a burn could in reducing the supply, although deciding to restart the chain was a more nuclear approach. that is what I counted as of now, I added all the transaction into excel and that is what it counted up to. Only transactions that happen on chain can be taxed. Get top exchanges, markets, and more. lost a huge portion of my savings. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu, terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe, terra1sq6th05hdwwwxvymzytc93lvhjxyx4pkjurhgj, terra1w8nc8ev0ylg97qnj080np4lnljngdvpd90ev63, terra13s4gwzxv6dycfctvddfuy6r3zm7d6zklynzzj5, terra120ppepaj2lh5vreadx42wnjjznh55vvktwj679, terra1v74a5u6qsjuj4gu6at9yn4p35uctcz82f02fau, terra1rvxcszyfecrt2v3a7md8p30hvu39kj6xf48w9e, terra1akdd36ty2hvmfqqr7zt8jqpte0r7d37e5rynuw, terra153mwt0upple9klvrryrtckx9vneguw6ja33d3c, terra1j435gkgg8d0qadjcn09s73rtk5k3ftrx7mc4a8, MsgSend: Transfers from one wallet to another, MsgMultiSend: Multiple senders/receivers in a single transaction, MsgSwapSend: Swapping coins/tokens and sending to a wallet, MsgInstantiateContract: Creating a new smart contract, MsgExecuteContract: Smart contract transaction. Terra Classic price is expected to reach as high as $0.000314 by the end of 2023. In a blogpost, Do Kwon outlined several measures in order to save the Terra (LUNA) Blockchain ecosystem. I hope you make it to the moon . Token Reset: The revival plan included a clause which said that the total new LUNA tokens in active circulation would be reset to 1 billion. This means that the burn is currently too slow, and too small in magnitude, to be able to positively affect the price, and that LUNC holders probably expect a faster pace of excess token elimination. Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. in return earning rewards from transaction fees for operating nodes on the Terra network. Details are subject to change. The numbers provided have been gathered and calculated by Statista, from Bitquery and Messari.io, based on a tweet from LUNA CEO Do Kwon sent on May 21, 2022. In the past few weeks, there has been a considerable gain in Fantom (FTM), which has resulted in the market cap reaching approximately $1.3 billion at press time. terra1u9a6k9wrp6v07gz34vpuyq3tyzg47qagc8wkmn Luan Marketcap May 22, 2022 - Posted in terraluna by luna All trading involves risks, so you must be cautious when entering the market. In the specific case of Luna Classic, the May implosion was also due to an incredible explosion in the amount of LUNC tokens, even though they were still called simply LUNA at the time. great benefits, like discounted trading fees and free sign up bonuses. In theory, the circulating supply should be more important than the total supply, but even in the case of LUNA the apparent reduction in circulating supply has not been good for the price. The big question now is how high LUNC price will go following the next LUNC burn.. "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. So what is the next course of action for LUNA holders? Terra Classic is down 0.37% in the last 24 hours. The official LUNC burn wallet address is: Please do not hesitate to contact me. 36% increase. Though the trade in the toke was halted and it was delisted from a number of Indian exchanges. Community-Based Crypto: Terra FormLabs wallet address will be whitelisted for this particular airdrop of LUNA, and hence, only the community will be getting it. The old Blockchain will be called Terra Classic (LUNC), and the new Blockchain without this UST arrangement will be called Terra (LUNA). 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. , because they are now two completely different and independent cryptocurrencies. Where can you see real time the burning of the Terra Classic network? The truth is that law enforcement does not know exactly where he is, and it seems quite likely that he is trying to escape capture by moving to places where the same law enforcement agencies are having difficulty finding him. ", Statista, 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 Statista, https://www.statista.com/statistics/1317271/luna-burn-rate/ (last visited March 02, 2023), 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 [Graph], Statista, October 5, 2022. Terra Classic Luna investors have continued to support the project as they hope to make LUNC valuable again via a series of community efforts, including burns and staking. LUNC sent to the burn address comes in a variety of forms, but most notably is Binance. No reason was provided why this was the case. Therefore, if the current pace were maintained, the burn rate would be 18 times that of the first four months. Over $60 billion USD If you are an admin, please authenticate by logging in again. LUNC Burner | TerRarity Burner Total Burned LUNC 0 0.000000% of Total Supply Sent to burning address 18,347,349,139 Daily Burning Rate 533,417,648 per day Burnt with tax 0 Burning Prediction Today 1 Year 5 Years Days Burned 0 0.000% of Total Supply Supply 6,881,250,852,231 Burning rate: 533,417,648 LUNC burned per day Burning Processor Terra Ecosystem Revival Plan 2 [AMENDED] 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. The LUNC burn is a unique approach to reducing the circulating supply of tokens and increasing their value over time. 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 [Graph]. are also proposals to restructure UST debt, but that is an evolving discussion. Even though the Luna 2.0 crypto exchange list grows, some exchanges previously vowed to burn Luna through their transaction fees. Profit from the additional features of your individual account. 500K whale cap - covers up to 99.7% of all holders but only 26.72% of aUST The ultimate goal of Terra is to be a community-owned Blockchain. Now, a natural assumption would be that LUNAs circulating supply would trim down after the recent burns. //]]>. On the contrary, LUNAs circulating supply has increased by over 1.9 million percent after Do Kwon dropped his second recovery proposal last week. (October 5, 2022). TERRA LUNA CLASSIC HUGE BURN || PRICE EXPLODING RIGHT NOW more to come ! Terra (LUNA) has recently undergone a critical network upgrade that promises to restore the functionality of the Binance LUNC burn mechanism. LUNC is the native token of the Terra Classic blockchain, which imploded this May, wiping out $60 billion in market value; the project's algorithmic stablecoin lost its peg to the dollar, and LUNC, the token that was supposed to be its stabilizer, fell into hyperinflation. terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. coins sent to it. official burn address. Bitcoin Beach: the wallet project born in El Salvador expands. 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. This allows users to track the burn progress and get a better understanding of the burn mechanism. Show publisher information Will Shiba Inu Coin Reach 25 Cents In 2023? Luna Classic (LUNC) token of the original Terra chain is back in the spotlight thanks to news that the leading crypto exchange Binance has implemented a new burn mechanism for it. Terra Luna Classic Burn: Community Efforts to Burn LUNC Continue! Your email address will not be published. This makes up just making up just 0.055% of the circulating supply. 109. support of the Terra community, Binance decided to donate all LUNC trading fees to the burn. 96 Million Terra Classic (LUNC) Burnt In One Transaction, Nearly 150 Million On The Weekend. The numbers provided here pre-date this change, and therefore refer to this 1.0 version. Posted On August 29, 2022 10:47 am Prasanna. . The $LUNA in circulation: 6,535,104,248,122 Marketcap: $1,279,442,710 $LUNA What Is Terras (LUNA) Revival Plan 2.0? Step 1: Go to the Terra Staking Portal and connect your Terra Station wallet. Post-attack LUNA holders: 10% LUNA on the Classic chain was renamed to LUNC. Statista. Please create an employee account to be able to mark statistics as favorites. Terras app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience warranties on accuracy. not much, but it is a start and the burns keep coming. Terra Luna Classic price has increased by almost 60% in the last few days. Bridges - Axelar, Wormhole If youve already voted and disagree with the changes, please vote No - you have 5 more days to do so. Staking derivatives included This is one of the reasons why LUNC is currently among the best cryptos under 1 cent. Terras Life Foundation Guard (LFG) had to deploy resources to the tune of $1.5 billion earlier this week to stabilise the price of its tokens. Are you interested in testing our business solutions? Exchange integration, dapp migration, and validator guides have been added to Technical Details. Currently, you are using a shared account. At Criptokio.com we have prepared an article with the complete list of cryptocurrency exchanges that have agreed to burn Terra Luna Classic (LUNC) under the new 1.2% tax: Which exchanges have agreed to burn 1.2% on Terra Luna Classic (LUNC)? 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. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. However, Luna Classic should not be confused with Luna, because they are now two completely different and independent cryptocurrencies. 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%. Until May 2021, sentiment about the Terra-Luna project was very positive, but after the implosion, it became heavily negative. There Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases. Stablecoins: according to Reuters, the winner is Tether, AGIX: the crypto of the moment. So far, in five months, only 22.7 million tokens have been burned, or only 0.33% of the total. 10% earmarked for developers However, this has been later changed to 0.2% in order to encourage more activity on the blockchain. The latest news about cryptos, in our Telegram channel, Terra Luna Classic (LUNC) Burn Tracker Today, February 10, 2023, Terra Luna Classic (LUNC) Burn Tracker Yesterday, February 9, 2023, How To See In Real Time The Burning Of Terra Luna Classic (LUNC) With This Tracker, These Are The Exchanges That Have Agreed To Burn Terra Luna Classic (LUNC). With over 71.2% of LUNA's outstanding tokens having voted already, the original proposal brought up by Do Kwon appears to be on track to get approved as 66.2% of the votes have favored the fork . The trend had even continued over the past few days. Network security to be incentivized with token inflation. With some Luna holders calling for TerraForm Labs or the Luna Foundation Guard to buy and burn the supply, users have questioned where these places would get the money to do such huge burns from. However, according to CoinCheckup data, the circulating supply has shrunk from 210 million at the end of May to the current 125 million. This as most cryptocurrencies saw minimal gains. According to CoinGecko data, out of a total supply of more than 1 billion Luna tokens in circulation, there would be only 155 million in circulation. Access to this and all other statistics on 80,000 topics from, Show sources information 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Indeed, Do Kwon has now come out and said TerraForm Labs does not have the funds or coins to burn the Luna circulating supply. Our Terra Luna Classic (LUNC) burn tracker reveals that the number of burned tokens has started to drop in recent days. When Binance firstannouncedits token burn mechanism for Luna Classic on September 26, the token soared by close to 68% in a day. The Binance LUNC burn mechanism monitoring of the Terra recovery plan launched Luna 2.0, meaning Luna... Several updates and rollbacks, with the May implosion Classic should not be confused Luna., SEA, & China, in worlds First for a Football League 60... To save the Terra Luna Classic prices in real-time with historical LUNC USD charts liquidity!, blockchain and fintech network upgrade v1.1 operating nodes on the Terra community, Binance decided to all. ( LUNC ) is currently among the best cryptos under 1 cent ) Coins, is backed by.. The community is now waiting for full integration of these proposals into the Luna Classic ( LUNC ) burn reveals., if the current and future development of the Terra Staking Portal and your... 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