Since Binance announced the implementation of the fee-burning plan, according to Coingecko data, LUNC has risen to $0.0003792, a 24-hour increase of 54.8%, ranking 33rd in the cryptocurrency market capitalization ranking at the time of writing.
Binance announced in an announcement that it has decided to send all transaction fees generated on LUNC spot and leveraged trading pairs to the LUNC destruction address for destruction, in order to ensure user transaction experience and respond to the Terra Classic (LUNC) community transaction fee destruction proposal.
Changpeng Zhao claimed: “This way, it can be fair to all users, the trading experience and liquidity remain the same, and Binance can still contribute to the reduced supply of LUNC, which is exactly what the community wants.”
