Terra Rebels, an independent group of developers behind Terra Classic, has recently announced the burn of 10.5 million LUNC tokens after the first round of its Lottery game.
The new development was announced via the official Twitter handle of Terra Rebels.
The winner of the lottery game received 20 million LUNC. According to the previous report, the game still remains 6 more rounds and the second round has already started.
Terra Rebels said in the announcement, “Congratulations to our winner, winning over 20,000,000 LUNC, and the owner of the wallet: terra1ufyhkx8cxlc4hspa6k2wvufvzywvrczuqe39q0. Please visit our website to participate in the next drawing.”
Congratulations to our winner, winning over 20,000,000 $lunc, and the owner of the wallet:
terra1ufyhkx8cxlc4hspa6k2wvufvzywvrczuqe39q0.Please visit our website to participate in the next drawing.
Link: https://t.co/cdgQJg4K3r
The next round starts now. #LUNC #LunaClassic pic.twitter.com/ABYG01EVFD
— Terra Rebels (@TerraRebels) November 4, 2022
Users who are interested in joining the second round of the game are required to buy a lottery ticket that costs 5,000 LUNC worth $1.2 at current prices.
Read Also: Terra Rebels Rolls Out Its Own Luna Classic (LUNC) Validator
It’s revealed by the team that the winner of the lottery will be entitled to 60% of the pool. 26% will be burned, 6% to the builders of the Dapp, 7% to the Rebels, and 1% will remain in contract reserve.
It should be noted that the above allocation fund resulted in the burning of 10.5 million LUNC tokens and more burns from the Terra Rebels initiative are expected in the coming days.
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