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Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data

Binance’s scheme destroyed only 0.08% of LUNC’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.

By Krisztian Sandor

Updated May 11, 2023, 4:49 p.m. Published Oct 3, 2022, 10:16 p.m.

Binance's lackluster burn mechanism would only reduce luna classic's supply by a few percentage per year. (Wikimedia Commons)