- The address for the burn was developed by the locals.
- FatMan’s post has enraged Terra classic investors.
- CZ’s actions caused the currency to tumble in the market shortly after.
Future trading commissions on LUNC spots or margin trading pairs will be remitted to the token’s burn address, as was specified in their blog post. This address for the burn was developed by the locals.
It’s LUNC Until further notice, the burn program, which began on September 1, 2022, will be in effect. In response to the newly enacted community-burn idea, the campaign was created.
The blog entry stated,
All trading commissions on LUNC margin and spot trading pairs will be burned by Binance using a burn scheme. They will deliver them to the burner address for the LUNC.
In the meantime, LUNC investors have continued to get on the nerves of the infamous Terra whistleblower FatMan. Remember how FatMan claimed that LUNC holders had intimidated exchanges into imposing the 1.2% tax burn on their platform?
FatMan has again attacked LUNC supporters after Binance implemented a burn mechanism on all LUNC spot and margin trading fees, saying that Binance deciding to burn millions of dollars out of their own pocket because of unreasonable demands of an angry Twitter mob is a true exemplar of the raw, unbridled power that the PR & social media hold.
Read CRYPTONEWSLAND on
google news
FatMan’s post has enraged Terra classic investors, who have proceeded to put him on the heat for hours.
Furthermore, CZ’s actions caused the currency to tumble in the market shortly after. The position was based on the effect it had on trading activity, which other exchanges have emphasized.
Notably, LUNC`s price jumped by more than 25% in five minutes. At the time of publication, CMC indicated that LUNC was trading at $0.0002789. Terra Classic is also up 7% within the last 24 hours.
Recommended News :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
