Leading global cryptocurrency exchange Binance announced Monday that it would burn all transaction fees generated from Terra Classic (LUNC) spot and margin trading pairs. The move is part of the excha...
Tag: Burn
FTT Vs. burn BNB burn Vs. Shiba burn
Demand and supply are one of the fundamentals of the business sector. The more the supply of a product, the less would be its demand and so its price. However, when the supply decreases, the demand an...
Terra’s Luna Classic Pumps 40% as Binance Plots Supply Burn
Luna Classic, the original token of the failed Terra blockchain, appears to be making a comeback following an announcement that the world’s largest crypto exchange, Binance, has a plan to cut the toke...
A Lifeline For Terra Classic As Binance Alone Can Burn Above 1 Trillion LUNC Per Year
– Advertisement – Binance throws the Terra Classic community a lifeline. Here’s How Much Terra Classic (LUNC) Can Be Burned In A Year From Binance’s Implementation of Burns On Trading Fees...
Shiba Inu’s burn rate is >1000% but SHIB is under $0.001- Here’s why
Two-thirds, that’s how much of the value of Shiba Inu disappeared so far in 2022. Even the biggest fans of the meme coin aren’t woofing it up much these days. However, there’s at least one reason for ...
Terra Luna Classic Enjoys Hefty Uptick As Binance Introduces Incredible LUNC Burn Mechanism ⋆ ZyCrypto
Advertisement     Luna Classic (LUNC), the renamed native token of the Terra network that infamously crashed to virtually zero in May, is rising in value today as trad...
LUNA Classic Up 33% After Binance Commits to Burn Trading Fees
Binance to burn trading fees at exchange’s expense, not users’, CEO says The LUNC community wasn’t a fan of the crypto exchange’s original plan to have an opt-in button for people to pay the tax Binan...
Binance to support Terra Classic (LUNC) burn, CEO Zhao says
Binance, the world’s largest crypto exchange and trading platform, now supports the burning model for Terra Classic (LUNC), Changpeng Zhao’s firm said in an announcement on Monday. According to the pl...
Terra Luna Classic (LUNC) Explodes Over 82% After Binance Implements New Fee Burn System
Terra Classic (LUNC), the remnants of a former top 5 crypto project, is rallying hard on the news that Binance will be implementing a fee-burning mechanism in support of a LUNC community proposal. Ter...
Binance Enacted Terra 1.2% Tax Burn
19 mins ago | 2 mins read Editors News Binance adopted the Terra Classic burn mechanism on Trading Fees. LUNC increased by 161% from the previous month. Finally, the LUNC community’s most awaited resp...
New Binance Terra Classic (LUNC) Tax Burn Approach May Result in Burns More Than 1.2% Proposed Rate
– Advertisement – Binance is taking a different Terra Classic (LUNC) off-chain burn approach, but data indicates the exchange might burn over 1.2% on transactions. The Terra community ha...
Binance applies LUNC tax burn to trades including past transactions
Binance announced that the exchange has started applying the 1.2% tax burn on Terra Luna Classic (LUNC) trades. The announcement stated: “Binance will implement a burn mechanism to burn all trading fe...
Binance to burn all LUNC trading fees following community feedback
To support the Terra community’s efforts to revive the Terra (LUNA) — now renamed Terra Classic (LUNC) — token, crypto exchange Binance announced an off-chain burning mechanism last week. However, aft...
Binance To Burn Trading Fees On Terra Classic (LUNC) Trading, Price Skyrockets
The world’s largest crypto exchange Binance on Monday said it will burn all trading fees on Terra Classic (LUNC) spot and margin trading pairs by sending them to the LUNC burn address. After realizing...
Crypto Exchange Binance Unveils New Fee Burn Mechanism For LUNC
The mission to keep the value of Terra Classic (LUNC) has been undertaken by the entire community, and Binance has managed to always be at the forefront of this. The proposed 1.2% transaction fee burn...
Shiba Inu Burn Rate Reaches Triple Digits, Here’s How Much SHIB Was Burned
Gamza Khanzadaev SHIB burn rate jumps to triple-digit values following recent price rally On the last day of last week, Shiba Inu’s burn rate reached triple digits and stood at 1,031% at one mom...
New LUNC Token Burn Feature Proposed by Binance CEO
Alex Dovbnya Binance boss claims that exchange could potentially implement additional trading fee for burning LUNC tokens, but some community members disagree During a recent ask-me-anything session c...
Terra Classic: This crypto exchange CEO endures the heat of LUNC’s 1.2% burn
After months of waiting, Terra Classic [LUNC] developers finally rolled out the 1.2% tax burn protocol. The rollout did manage to attract the interest of the crypto community. Furthermore, several exc...
LUNC’s 1.2% tax burn may lead to a brighter future, what about the present
The much-awaited 1.2% tax burn was implemented on the Terra Classic [LUNC] blockchain recently. Thus, giving massive hope to investors for the token’s revival. Though the protocol received much suppor...
MEXC Global Resumes 1.2% Terra LUNA Classic (LUNC) Tax Burn On Spot Trading
– Advertisement – MEXC once again throws its hat in the ring for the LUNC community. In a tweet today, popular Terra Rebel, Vegas revealed that leading crypto exchange MEXC Global appear...
Binance Becoming Serious To Implement Terra Classic 1.2% Tax Burn on Trading, Proposes Three New Steps To Burn LUNC
– Advertisement – Binance’s Changpeng Zhao, CZ, Says LUNC 1.2% Burn Will Be Implemented On Spot Trading After These 3 Steps. CZ expands on Binance’s roadmap to implement the 1.2% burn on a...
Everything you need to know about LUNC burn & Binance’s role in it
Binance CEO Changpeng Zhao is one of the most active social media corporate persons. He interacts with users on Twitter and other social platforms to ensure that the company delivers in the best possi...
Binance CEO “CZ” Rejects 1.2% Tax Burn Support For Terra Classic (LUNC)
Binance CEO “CZ” in an AMA on Friday said the crypto exchange will not implement the 1.2% tax burn for off-chain transactions of Terra Classic (LUNC) and USTC. As a result, the Terra Classic (LUNC) pr...
Binance CEO says ‘No’ to 1.2% Terra Classic (LUNC) Tax Burn
Binance would not apply the 1.2% tax burn for off-chain transactions of Terra Classic (LUNC) and USTC, as revealed by the CEO “CZ ” in an AMA on Friday. As a result, the price of Terra Classic (LUNC) ...
Group Behind 1.2% Tax Burn For Terra Classic (LUNC) Warns Community
Terra Rebels, the developer group behind the 1.2% tax burn proposal, warns the Terra Classic community about the Baby Luna Classic rug pull. Terra Rebels member reXx said the community needs to be awa...
Binance CEO Changpeng Zhao Rejects Terra 1.2% Tax Burn
10 seconds ago | 2 mins read Exchange News The community is pushing Binance to allow the tax burn on off-chain. The price of Terra Classic (LUNC) dropped by roughly 10% in an hour. In an Ask Me Anythi...
Binance CEO Gives A New Proposal To Apply 1.2% Burn On All Terra Classic (LUNC) Spot Trades
– Advertisement – Binance Reluctant to Implement The 1.2% Tax Burn on LUNC Spot Trade, as CZ Suggests An Alternative. Binance remains reluctant to implement the LUNC 1.2% tax burn on LUN...
OKX Implements Terra Classic Tax Burn, As Half A Billion LUNC Burnt With 1.2% Burn Proposal
– Advertisement – More exchanges jump on the bandwagon. Leading crypto exchange OKX has implemented the 1.2% tax burn on deposits and withdrawals. It comes nearly a week after it said in ...
The 1.2% Tax Burn Mechanism of Terra Classic (LUNC)
The Terra community introduced a 1.2% tax burn for all on-chain transactions of LUNC on its network. Tax Burn Mechanism on Terra Classic Network On the Terra Classic Network, the Tax Burn mechanism re...
Former US Congressional Candidate Says Shiba Inu (SHIB) Started “Entire Burn Craze”
– Advertisement – Shiba Inu is regarded as the crypto project that started the burn craze in the emerging market. David Gokhshtein, former US Congressional candidate and the founder of G...