LUNC Burn Update: Binance, Validators Burn Over 1.5 Billion Terra Classic ($LUNC)
Binance, the world’s largest crypto exchange, has burned over 1.26 billion Terra Classic (LUNC) tokens in the fifth batch of Binance burn mechanism on trading fees. It is the first burn after passing Proposal 5234 that effectively reduced the tax burn from 1.2% to 0.2%. In total, Binance has now burned over 13.5 billion LUNC tokens for the Terra Classic community. According to the latest burn transaction, crypto exchange Binance sends over 1.26 billion Terra Classic (LUNC) tokens. The Binance burn mechanism is part of burning all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address. The transaction also shows a fee of 2.51 million LUNC.
Source
https://t.me/Terra_Luna_Tron
