{"id":508172,"date":"2023-10-27T15:17:44","date_gmt":"2023-10-27T15:17:44","guid":{"rendered":"https:\/\/wncen.com\/?p=508172"},"modified":"2023-10-27T15:17:44","modified_gmt":"2023-10-27T15:17:44","slug":"terra-community-burns-25-billion-lunc-tokens-will-it-reach-the-highs","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/terra-luna\/terra-community-burns-25-billion-lunc-tokens-will-it-reach-the-highs\/","title":{"rendered":"Terra Community Burns 25 Billion LUNC Tokens, Will It Reach The Highs?"},"content":{"rendered":"
The Terra Classic LUNC has been putting more effort into resuscitation its new position in the crypto space. Unfortunately, the algorithmic stablecoin Terra and LUNA collapse in May caused a massive loss in the industry. The crisis intensified the crypto winter of the year, leading to the loss of billions of dollars.<\/p>\n
However, the new Terra ecosystem is gradually building against its previous loss. One of its distinctive approaches is the protocol\u2019s burning mechanism. This action brought about the 1.2% tax burn for on-chain LUNC transactions, as proposed by one of the Terra community members.<\/p>\n