What is the current status of the supply burn in Luna Classic?

3 answers

• Sangeeth Thanga DharsanSep 29, 2024 · 10 months ago
  The supply burn in Luna Classic is an ongoing process aimed at reducing the total supply of the cryptocurrency. As of the latest update, a total of 1 million Luna Classic tokens have been burned. This represents a significant reduction in the overall supply and is expected to have a positive impact on the value of the token. The team behind Luna Classic has plans for future burns, but the exact details and timeline have not been disclosed yet. It is important to note that supply burns are often seen as a way to increase scarcity and potentially drive up the price of a cryptocurrency.
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• LarryAug 11, 2024 · a year ago
  Hey there! The supply burn in Luna Classic is going pretty well. So far, they have burned around 1 million tokens, which is quite impressive. This is a great move by the team as it helps to reduce the total supply and increase the scarcity of the token. As a result, it could potentially drive up the price in the long run. I'm excited to see what the future holds for Luna Classic and how they plan to continue with the supply burn.
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• Prince coexiaJul 06, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, has been actively involved in the supply burn of Luna Classic. They have burned a significant amount of tokens, which has helped to reduce the overall supply and increase the scarcity of the token. This is a positive development for Luna Classic and could potentially have a positive impact on its price. The team behind Luna Classic has plans for future burns, but they have not provided specific details at this time. Overall, the supply burn in Luna Classic is progressing well and is expected to benefit the token in the long term.
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