Binance Burns $922,800 Worth of LUNC From Trading Fees
Binance burns its second “Luna Classic” burn of commissions from spot and margin trading pairings shortly after the announcement. Following the tragic failure of Terra and its assets, LUNC and UST, and Do Kwon’s resignation, the effort transformed into a community-driven organization. Binance, a well-known cryptocurrency exchange , appears to be backing the initiative right now. To begin, the platform stated on September 26 that it will burn all trading costs for LUNC spot and margin pairs . Binance unveiled the first burn numbers, which stood at $1. 86 million worth of LUNC . The LUNC burns have received their second update, according to Binance. From 02-10-2022 to 08-10-2022, the exchange was able to burn the following amount of LUNC . JUST IN: #Binance burned $922,800 worth of $LUNC fees collected from spot and margin trading pairs. — Watcher.Guru (@WatcherGuru) October 10, 2022 Binance burns $922,800 worth of LUNC As stated in i...