eLUNC burn from Binance falls for 5th consecutive week
Binance has burned just 1.26 billion LUNC tokens from supply in the week October 23-29.
The amount of Luna Classic (LUNC) tokens burned from supply have been falling for five weeks now, ever since the first weekly burn of 5.60 billion LUNC. The burning situation has changed dramatically since the LUNC community voted to reduce the burn tax from 1.2% of trades to 0.2% of trades.
This proposal, coupled with lower trading, means that LUNC burning is unlikely to reach previous levels on Binance for a long time.
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