The Terra Luna Classic (LUNC) community has been working towards reducing the token’s circulating supply through a burn mechanism. In a move to support these efforts, Singapore-based crypto futures trading platform WEEX has announced that it will allocate 30% of its trading fees from all pairs to contribute to the LUNC burn campaign.
WEEX’s decision to contribute to the LUNC burn is part of its ambassador program, aimed at promoting and reducing the overall supply of Terra Luna Classic. Several prominent community members, including LuncLive validator owner Mr. Diamondhandz, have joined this program.
Leading cryptocurrency exchange Binance has also been actively supporting the LUNC burn mechanism, having burned over 53 billion LUNC tokens so far.
While the LUNC price has experienced a 2% drop in the past 24 hours, trading at $0.000179, the combined efforts of WEEX and Binance in supporting the burning campaign are expected to bolster the Terra Luna Classic community’s revival efforts.
The USTC price has also seen a 1% decline, currently trading at $0.0345, with a significant decrease in trading volume for both tokens.
As the LUNC burn campaign continues to gain momentum, the Terra Luna Classic community remains optimistic about the ecosystem’s potential revival and the token’s long-term prospects.
