Terra Luna Classic (LUNCUSD)

[xZx]

Luna Classic (LUNC) Coin Burning Rises as 1.1 Billion USTC Destroyed

June 2, 2022

https://www.analyticsinsight.net/luna-classic-lunc-coin-burning-rises-as-1-1-billion-ustc-destroyed/

a 2% coin burn on today's 24 hour dollar volume of $200,329,093

https://coinmarketcap.com/currencies/terra-luna/

let's do the math:

2% is 4,006,581.86, divide that by .00010144

so it would burn 339,497,060,923 LUNC tokens in one day.

the potential with this strategy is pretty mind boggling.

if the contract isn't renounced maybe they can make this change.

keep in mind if this was announced, crypto traders would pile into LUNC and the dollar volume would go way, way up, thus increasing the rate of burn.