Terra Luna Classic To Remove 18 Billion LUNC From Supply, Will LUNC And USTC Rally?

Quick Summary:

Terra Luna Classic community to burn 12 billion in LUNC and 68 million USTC in contracts including Lido DAO rewards dispatcher, removing them completely from supply.

The move comes as the community started removing LUNC and USTC from circulating circulating supply for revival and repeg to $1.

In the derivatives market, LUNC and 1000LUNC futures open interests have fell in the last 24 hours.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Altcoin News Terra Classic Terra (LUNA)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 16:34:17 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21417114

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

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