Here's How Much LUNC Binance Has Burned

Binance has finally revealed how many tokens it has burned within the first batch

Cryptocurrency exchange Binance has announced that it has already burned $1.8
 million worth of trading fees on Luna Classic (LUNC) spot and trading pairs, according to a Monday announcement. The exchange has removed 5.6 billion tokens from circulation.  

As reported by U.Today, the LUNC token recently experienced a significant price rally.

Binance confirmed the implementation of a burn mechanism for the token on Sept. 26, thus boosting its scarcity.

Tokens can be permanently removed from circulation by sending them to a specific burn address.   

Terra was one of the most promising blockchains projects, but its sudden collapse sent shockwaves across the industry back in May.

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