Cryptocurrency

Terra Classic Casino in LUNC Burning Spree in Just Four Days of Launch: Details

Terra Casino, the recently launched gambling platform, has started to fulfill the purpose of its launch. LUNC tokens are already being incarcerated in tons, making it seems feasible that the Casino could burn 24 billion LUNC as projected.

Terra Casino is committed to the 0.2% tax to help the community in the currently active LUNC burn campaign.

Read Also: Terra Classic Circulating Supply Drops Below 6 Trillion As Total LUNC Burned Surpasses 28 Billion

The platform shared the new achievement via its official Twitter handle on the 25th of November. According to the report, the number burned now stands at 1,096,015 LUNC in just four days of the official launch. The betting platform also used the medium to hint at an upcoming interesting event for the Terra Classic community.

Among those who reacted to the new development was Rex Harrison, Head of Development at TerraCVita and a prominent Terra community member.

Harrison, also known as Rexzy, rejoiced over the attainment of such a height within a few days of launch. He also shared the potential height that the platform can attain in its quest to contribute to the recovery of the Terra Classic ecosystem.

Read Also: NFT Marketplace That Supports LUNC Burning Set to Go Live on Terra Classic Blockchain

According to Rexzy, the 1 million LUNC burned by TerraCasino only applied to on-chain deposits and withdrawals.

Rexzy noted, “Wow, TerraCasino_io soon got to 1m #LUNC burned, and this is just deposit and withdrawals on the chain. The more we support them, the more they burn,”

For a project like this to keep running, there will always be room for applause and criticism. As some members of the community applaud the gabbling platform for its commitment towards LUNC recovery, others are criticizing it for its low burn rate and inability to confirm its so-called LUNC burned on the blockchain.


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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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