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HomeCryptocurrencyTop Exchange Announces New Burn Landing Page For LUNC. Here's the Significance

Top Exchange Announces New Burn Landing Page For LUNC. Here’s the Significance

Singapore-based cryptocurrency exchange WEEX has announced a new development designed to support the Terra Classic community and its LUNC burn initiative. This announcement highlights WEEX’s commitment to the Terra Classic ecosystem and its long-term potential.

WEEX announced a new landing page for LUNC on its website through its official X account. Mrdiamondhandz1 (@Mrdiamondhandz1), a prominent community member and WEEX burn ambassador, reshared the news on his X account.

The Dedicated Landing Page

WEEX has launched a dedicated landing page to provide clear and comprehensive information about the LUNC burn initiative. The page features a list of the program’s first round of LUNC burn ambassadors.

Additionally, it includes a countdown timer for the monthly scheduled LUNC burns, ensuring transparency and fostering community engagement. Users can find all relevant details regarding the WEEX burn initiative on the landing page.

Collaboration with Prominent Community Figure

The WEEX program was developed in collaboration with Mr.Diamondhandz1, the host of the popular LUNCLIVE podcast.  Mr.Diamondhandz1 is a well-respected figure within the Terra Classic community, and his involvement signifies WEEX’s commitment to working alongside community leaders to achieve shared goals.

Advantages of WEEX for the LUNC Community

After WEEX listed LUNC spot trading pairs, some analysts predicted that the digital asset would dominate the current bull cycle. The new landing page and the features of the token burn initiative have increased the bullish sentiment.

A central element of the burn initiative involves WEEX allocating 15% of its trading fees from both the Futures Pro and Spot platforms towards burning LUNC tokens.

This burn mechanism aims to reduce the overall circulating supply of LUNC, potentially leading to an increase in its value. The initiative directly contributes to the community’s ongoing efforts to revitalize the LUNC ecosystem.

WEEX’s Dedication to the LUNC Ecosystem

WEEX’s announcement emphasizes the company’s firm belief in the long-term potential of the Terra Classic ecosystem. The exchange aims to provide a robust trading platform for LUNC while contributing meaningfully to the community’s efforts towards sustainability and growth. The monthly LUNC burning events and the dedicated landing page serve as concrete examples of WEEX’s dedication to this objective.


A Call to Action for the LUNC Community

The WEEX landing page concludes with a call to action, inviting the LUNC community to join the initiative. By working together, WEEX and the community can work toward a brighter future for LUNC. The program presents an opportunity for both parties to collaborate and contribute to the ongoing revitalization of the Terra Classic ecosystem.

Mrdiamondhandz1 also shared a similar call to action, asking users to “Sign up and burn,” as continuous use of the platform contributes to the token burn rate.

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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