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Binance participates in the burning of LUNC by claudio83

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· @claudio83 · (edited)
$17.34
Binance participates in the burning of LUNC
The story of LUNC or LUNA Classic is one that could one day leave everyone speechless, from fame to fall and then recovery. You know what happened to LUNA in the month of May, the attack on the UST peg that caused the collapse of the stablecoin, generating billions of coins, even 7 trillion before the devs intervened to block the blockchain.

Subsequently, despite the great discomfort of the users, some developers have begun to study some possible solutions to literally resurrect a project now considered dead by everyone, or almost. The recent proposal to apply a 1.2% tax to each transaction made on the chain, the proceeds of which are sent to the address burn, with the exception of the CEX, aroused a hitherto unimaginable enthusiasm. To this, some CEXs have also adopted the 1.2% tax, including Binance in which users hold about 1/3 of the circulating supply.

![IMG_20221004_071549.jpg](https://files.peakd.com/file/peakd-hive/claudio83/23u6Yguaanr8F66WnBVUdA2M835Y6XwNaUqSDmx5K6kgNcACuqb44begvFew29aS3wXei.jpg)
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Yesterday, Binance released the first weekly report since the exchange tax was in effect, sending 5.5 billion LUNCs, almost $ 2 million, to the address burn! The road to burn the huge amount of tokens from the market is very long but the community is very strong and united.

![image.png](https://files.peakd.com/file/peakd-hive/claudio83/Eou7KpDRF3GnmmZ2H8rBhHugEo21o8ZSUVoEL8t1VbCmNVyvXpCvyYZm295GdaxRbB9.png)
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Terrar Rebels is a very active community of users and developers and has developed the roadmap for LUNC until next year. Many changes are needed to make the blockchain more solid and independent from the Terra Foundation, fully recovering the UST peg will take time and economic effort, and there appear to be third parties willing to collaborate as well. We will have more details in the coming weeks.

# ITA

La storia di LUNC o LUNA Classic è di quelle che potrebbe un giorno lasciare tutti a bocca aperta, dalla fama alla caduta e poi la ripresa. Sapete bene ciò che è successo a LUNA nel mese di Maggio, l'attacco sul peg di UST che ha causato il crollo della stablecoin, generando miliardi di monete, anzi 7 trilioni prima che i devs intervenissero per bloccare la blockchain.

Successivamente, nonostante il grande sconforto degli utenti, alcuni sviluppatori hanno iniziato a studiare alcune possibili soluzioni per letteralmente resuscitare un progetto oramai dato per defunto da tutti, o quasi. La recente proposta di applicare una tassa del 1,2% ad ogni transazione effettuata sulla catena, il cui ricavato è inviato all'address burn, ad esclusione dei CEX, ha risvegliato un entusiasmo fino ad allora inimmaginabile. A ciò, anche alcuni CEX hanno adottato la tassa dell'1,2%, tra questi Binance in cui gli utenti detengono circa 1/3 della supply circolante. 

![IMG_20221004_071549.jpg](https://files.peakd.com/file/peakd-hive/claudio83/23u6Yguaanr8F66WnBVUdA2M835Y6XwNaUqSDmx5K6kgNcACuqb44begvFew29aS3wXei.jpg)
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Ieri Binance ha comunicato il primo rapporto settimanale da quando è attivo la tassa sull'exchange, inviando all'address burn 5,5 miliardi di LUNC, quasi 2 milioni di dollari! La strada per bruciare l'enorme quantità di token dal mercato è davvero molto lunga ma la comunità è molto forte e unita. 

![image.png](https://files.peakd.com/file/peakd-hive/claudio83/Eou7KpDRF3GnmmZ2H8rBhHugEo21o8ZSUVoEL8t1VbCmNVyvXpCvyYZm295GdaxRbB9.png)
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Terrar Rebels è una comunità di utenti e sviluppatori molto attiva ed ha realizzato la roadmap per LUNC fino al prossimo anno. Sono necessari molti cambiamenti per rendere la blockchain più solida e indipendente dalla Terra Foundation, recuperare appieno il peg di UST richiederà tempo e sforzi economici e sembra che ci siano anche enti terzi disposti a collaborare. Maggiori dettagli li avremo nelle prossime settimane. 
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 102 others
👎  ,
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vote details (168)
@amberkashif ·
Kudos to the devs and the community. If they are successful in recovering the worth of the coin, the coin would become more trustworthy as the sincerity of the community would be evident 
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@cryptosimplify ·
$0.04
I really don't think the LUNC burn will make the coin price recovery, since for that to happen, it is necessary to have money buying the coin.

Instead of the burns, I think they need to have more use cases for LUNC instead only be burning the token.
👍  
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@mad-runner ·
@tipu curate
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@tipu ·
<a href="https://tipu.online/hive_curator?mad-runner" target="_blank">Upvoted  &#128076;</a> (Mana: 21/31) <a href="https://peakd.com/hive/@reward.app/reward-app-quick-guide-updated" target="_blank">Liquid rewards</a>.
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@stefano.massari ·
Grazie per questo aggiornamento, ho capito qualcosa di più di questo burn… rimango scettico sulla rinascita di LUNC
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