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The Terra Luna Classic community’s token burn campaign to reduce the LUNC <a href="https://coingape.com/glossary/circulating-supply/" target="_blank" rel="noopener noreferrer nofollow">circulating supply</a> finds support of another crypto exchange. Singapore-based crypto futures trading platform WEEX announced commitment to burn 30% of LUNC trading fees, similar to Binance burning 50% of trading fees for LUNC burn mechanism.
<h2 id="weex-and-binance-to-contribute-to-lunc-burn">WEEX and Binance to Contribute to LUNC Burn</h2>
Crypto exchange WEEX in a post on the X platform revealed its motive to stand firmly with the Terra Luna Classic community and the LUNC revival efforts.
<a href="https://coingape.com/terra-luna-classic-big-v2-4-2-upgrade-passed-lunc-new-futures-listing/" target="_blank" rel="noopener noreferrer nofollow">WEEX</a> plans to allocate 15% of trading fees from its Futures Pro and Spot platforms to contribute to the LUNC burn campaign. “This results in a significant contribution of 30% of our trading fees from all pairings” the exchange said. The LUNC burn support follows as part of the ambassador program to promote while reducing the overall supply of Terra Luna Classic.
LuncLive validator owner Mr. Diamondhandz, one of the popular members of the Terra Luna Classic community, and other LUNC holders revealed membership in the WEEX ambassador program. WEEX is a non-KYC exchange charging no maker fees and has US and Canada MSB licenses.
<a href="https://coingape.com/binance-burns-2-billion-terra-luna-classic-lunc-price-over-30/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> has burned over 53 billion Terra Luna Classic (LUNC) tokens until now, with 2.21 billion LUNC tokens in the 19th batch of the LUNC burn mechanism.
Also Read: <a title="Ripple Vs SEC Lawsuit Update: SEC Considering Long Running XRP Suit Largely Over" href="https://coingape.com/ripple-vs-sec-lawsuit-update-sec-considering-long-running-xrp-suit-largely-over/" target="_blank" rel="noopener noreferrer nofollow">Ripple Vs SEC Lawsuit Update: SEC Considering Long Running XRP Suit Largely Over</a>
<h2 id="lunc-and-ustc-to-rally">LUNC and USTC to Rally</h2>
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener noreferrer nofollow">LUNC price</a> fell 2% in the past 24 hours, with the Terra Luna Classic price trading at $0.000179 at the time of writing. The 24-hour low and high are $0.000179 and $0.000185, respectively. The trading volume has dropped further by 25% in the past 24 hours, indicating a decline in interest among traders.
<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener noreferrer nofollow">USTC price</a> also dropped 1% in the last 24 hours. The price currently trades at $0.0345, with a 24-hour low and high of $0.0340 and $0.0354, respectively. Furthermore, trading volume has decreased by 40% in the past 24 hours.
Also Read: <a title="Why AI Coins May Skyrocket In March?" href="https://coingape.com/why-ai-coins-may-skyrocket-in-march/" target="_blank" rel="noopener noreferrer nofollow">Why AI Coins May Skyrocket In March?</a>
The post <a href="https://coingape.com/crypto-exchange-joins-binance-to-burn-terra-luna-classic-lunc-trading-fees/" rel="noopener noreferrer nofollow">Crypto Exchange Joins Binance to Burn Terra Luna Classic (LUNC) Trading Fees</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Exchange Joins Binance to Burn Terra Luna Classic (LUNC) Trading Fees

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