To enhance LUNC burns and contribute to the token’s total supply reduction to 10 billion, a dedicated open-source and utility developer has introduced a Terra Classic payment software development kit (SDK).
This fresh Terra Classic payment gateway is designed to boost LUNC on-chain volume but adoption of the pay channel by businesses must happen first. In turn, high Terra Classic on-chain volume would result in massive LUNC burns, the SDK developer Dan Gerchcovich stated.
Additionally, Dan Gerchcovich revealed that he is reaching out to some new businesses to integrate with the LUNC payment gateway developed by him.
“I’m in talks with some new businesses to integrate with my payment gateway. And hopefully when it goes through, and everything’s finalized we should see more on-chain volume. Which means more burns for Terra Classic. But things are finally looking up.”
As part of the update, he highlighted that the Terra Classic payment gateway is open to be employed by all types of businesses looking to provide crypto payments for customers.
“Also, if you are a business or a dev looking to provide crypto payments for your customers, please get in touch with me via discord…” he tweeted.
But it’s worth noting that this payment SDK dubbed ‘Terra.Net.OnChainPayments’ is designed for existing applications in response to a user who asked if an underdeveloped local business could integrate the Terra Classic payment gateway.
“For example, users have a video game on the app store they need to offer LUNC or LUNA payments to their customers. They then use this SDK, and make calls to the gateway that handles payments,” Gerchcovich disclosed on Tuesday.
With the Terra Classic community still trillions of tokens burning away from its goal of 10 billion LUNC total supply, many projects and strategies have been onboarded to help incinerate more tokens.
Interestingly, Binance confirmed when it would burn its next batch of LUNC tokens shortly after sending 8.9 billion LUNC to the official burn wallet earlier this month. Likewise, Cremation Coin, the 8th-largest LUNC burn contributor destroyed a whopping 51.7 million LUNC at once.