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Luna Classic, Remnant of Terra Collapse, Down After Binance Burn Mechanism Data Flood

by SuperiorInvest

LUNC is a native token of the Terra Classic blockchain that imploded this May, wiping out $60 billion in market value; the project’s algorithmic stablecoin lost its peg to the dollar, and LUNC, the token that was supposed to be its stabilizer, fell into hyperinflation. While most crypto developers and projects left, drive away blockchain, some members of the community have tried to breathe new life into the network by introducing a scheme that reduces the bloated supply of the token.

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