There is about 6.5 trillion LUNC currently in circulation and a single game developer, Kaj Labs, has pledged to burn up to 2.5 trillion LUNC from the current circulating supply. This implies that the Terra Classic community’s determination for LUNC revival is progressing according to plan.
Recently, Lithosphere’s gaming series ‘Finesse,’ a two-chapter Play-to-Earn (P2E) game, announced that it’s ready to support the current Terra Classic (LUNC) burn program in a very unique way.
Kaj Labs Plans to Burn Up To 2.5 Trillion LUNC Tokens
KaJ Labs is the team behind Lithosphere, a next-generation platform for cross-chain decentralized applications (DApps) powered by Artificial Intelligence (AI) and Deep Learning.
According to the report, KaJ Labs will implement Terra Classic (LUNC) as one of the networks in the upcoming cross-chain P2E Finesse games.
Kaj team says, “If Terra Classic is implemented in the game, all $LUNC used in the game would be burned during gameplay. To accommodate the burn, KaJ Labs will allocate $50 million to $100 million to burn up to 2.5T Terra Classic in Finesse games.”
Note: Kaj Labs’ assurance to burn up to 2.5 trillion LUNC tokens does not imply that it will happen instantly. It’s just an estimate of the result of a burn process, which means it will happen over a period of time as the game advances.
As the report says, Finesse is a two-chapter gaming series with two peer-to-peer (P2E) games, which include The Kingdom and Shadow Warriors.
The games feature warrior fighting, ninja samurai, knights, and vampires in multiple adventures that gamers can customize to their preferred style. The choice of players influences the game in multiple ways as it progresses.
According to the report, the team has today launched a unique non-fungible token (NFT) that features 100,000 unique characters in five categories.