The Terra Classic community-driven burn initiative continues to see notable contributions from individuals and groups. Over the last 24 hours, 40.4 million LUNC tokens have been sent to the inferno wallet, while 25.8 million of the incarcerated tokens came from a single wallet in one transaction.
According to the data from LUNC Pengiuns, an unofficial Terra-focused data-tracking system developed by Happy Catty Crypto, 40.4 million LUNC tokens were destroyed in 14 transactions.
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The most significant transaction of all was carried out by Allnodes, according to the memo on the transaction at Terra Station. This implies that the 25.8 million LUNC was from Allnodes’ commitment to burn LUNC tokens on a weekly basis.
The transaction was also officially confirmed on Twitter by the independent Terra Classic validator on Monday. Allnodes had promised to help in burning LUNC tokens on a weekly basis until the end of this year.
Allnodes tweeted, “25,827,385 LUNC were burnt earlier today by Allnodes. Delegate to Allnodes and participate in our weekly ritual until the end of 2022! Auto-compound your rewards with @keplrwallet or @Ledger through the Allnodes portfolio page while we are burning.”
25,827,385 $LUNC were burnt earlier today by #Allnodes. Delegate to Allnodes and participate in our weekly ritual until the end of 2022! Auto-compound your rewards with @keplrwallet or @Ledger through the Allnodes portfolio page while we are burning🔥https://t.co/9RyDzx9upj pic.twitter.com/P0lqzvFtXs
— Allnodes (@Allnodes) November 28, 2022
The memo of the second transaction shows that LUNC DAO, an independent Terra Classic validator, initiated the burn of 4.9 million LUNC on the same day. The latest transaction represents LUNC DAO’s 37th burn contribution to the progress of the burn initiative.
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Terra Casino, the newly launched Casino platform, accounted for the third significant burn. The platform managed to destroy 8.9 million LUNC tokens. The memo on the transaction says it was initiated by BettingBurn1.
In an announcement on November 28, Terra Casino confirmed that it carried out the 8.9 million LUNC burn.
How hot 🔥 was your day? For us it was roasting, we just sent another 9m of #LUNC from the @TerraCasino_io to burn… You bet we burn!https://t.co/xICD4C7adz pic.twitter.com/bHTKJGOTRK
— ⚽️♥️♣️TerraCasino♦️♠️🌎 (@TerraCasino_io) November 28, 2022
It can be recalled that Terra Casino was launched a few days ago and initiated its first 1 million LUNC burn within two days of its launch, indicating that its target of burning 24 billion tokens in six months is feasible. In total, the Terra Classic-focused Casino platform has burned 10.8 million LUNC.
What do you call 10.8m #LUNC burnt? @TerraCasino_io we call that warming up. 🔥🔥🔥
— ⚽️♥️♣️TerraCasino♦️♠️🌎 (@TerraCasino_io) November 28, 2022
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