Recently, Binance, the world’s leading cryptocurrency exchange, executed the 16th batch of Terra Classic ($LUNC) burning. This resulted in the incineration of a staggering notable 3.9 billion LUNC tokens. This event, the first burn since the departure of former CEO Changpeng Zhao, has triggered remarkable shifts in the $LUNC market. […]
Tag: burning
Top 3 Deflationary Token Mechanisms
Token deflationary refers to a mechanism in the cryptocurrency world designed to reduce the total supply of a token over time, ultimately increasing its scarcity and potentially driving up its value. The concept has gained popularity as a way to counteract inflationary pressures in the long term and incentivize token […]