When will Terra Luna Classic be burned?

3 answers

• Francisco HelderJan 15, 2021 · 5 years ago
  Sure! The burning process of Terra Luna Classic is a planned event aimed at reducing the total supply of the token. It is scheduled to happen in the next quarter, but the exact date has not been announced yet. The decision to burn Terra Luna Classic is driven by the desire to create scarcity and increase the value of the remaining tokens. By reducing the supply, it is expected to create a positive impact on the token's price.
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• Redwan Ahmed KhanDec 18, 2024 · a year ago
  The burning of Terra Luna Classic is a strategic move by the development team to enhance the token's value. While the exact date is not disclosed, it is expected to take place in the near future. The burning process involves permanently removing a portion of the token supply from circulation. This reduction in supply can potentially lead to a price increase due to the increased scarcity. Overall, the burning of Terra Luna Classic is a common practice in the cryptocurrency space to manage token economics and stimulate market demand.
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• Delordin YMar 26, 2021 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, has not officially announced any plans for burning Terra Luna Classic. However, it is worth noting that burning tokens is a common practice in the crypto industry to control inflation and increase token value. If BYDFi decides to initiate a burning process for Terra Luna Classic, it would likely be done to benefit token holders and improve the overall market dynamics. Stay tuned for any official announcements from BYDFi regarding the burning of Terra Luna Classic.
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