What is the total number of Luna Classic tokens that have been burned?

3 answers

• Rafferty McClanahanMay 20, 2022 · 3 years ago
  The total number of Luna Classic tokens that have been burned is constantly changing as transactions occur. However, as of the latest data, approximately 10 million Luna Classic tokens have been burned. This burning process helps to reduce the total supply of Luna Classic tokens, which can potentially increase the value of the remaining tokens.
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• gddmrubel miaOct 17, 2023 · 2 years ago
  Luna Classic tokens are burned as part of a deflationary mechanism. When tokens are burned, they are permanently removed from circulation, reducing the total supply. This can help to create scarcity and potentially increase the value of the remaining tokens. The exact number of Luna Classic tokens that have been burned can be found on the Luna Classic blockchain explorer or by checking the official Luna Classic website.
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• Andersson CareyNov 07, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the total number of Luna Classic tokens burned currently stands at 8.5 million. This burning process is designed to incentivize token holders to hold their Luna Classic tokens for the long term, as it reduces the overall supply and can potentially increase the value of the remaining tokens. The burning process is transparent and can be verified on the Luna Classic blockchain.
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