Terra Classic Projects Have Burned about 33 Million LUNC This Week

Although there is a slight reduction in Terra Classic social engagement, the community has not abandoned its LUNC burn initiative as relatively 33 million tokens got incarcerated this week by Terra Classic-based projects, validators, and anonymous individuals.

At the time of writing, the number of jointly burned LUNC tokens stands at 32.9 million, with four entities involved in 99.6% of those tokens, including Cremation Coin, Terra Casino, LUNC DAO, and Luna Station.

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According to the burn record, the Cremation Coin accounted for the largest number of LUNC burned this week. The crypto-based project reportedly destroyed about 18.3 million LUNC tokens a few hours ago. The record shows that the project accounts for 55.6% of all Terra Classic tokens incarcerated so far this week.

Another project that was involved in the LUNC burn in the past 7 days is Terra Casino, a Terra Classic-based online bookie. It has been quietly burning hundreds of thousands of LUNC tokens on a daily basis since it was launched back in November 2022. The project has burned 1.99 million LUNC tokens this week and a relatively 6.9 million tokens in the past seven days.

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The last two projects that have been performing excellently in terms of LUNC burn this week are LUNC validators Luna Station and LUNC DAO. LUNC DAO managed to destroy 1.6 million LUNC tokens this week as part of its weekly commitment to the burn initiative. While Luna Station burned 10.8 million tokens, which was conducted on Monday at 12:29 (UTC).

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