There is a segment in the Terra Classic chain whose burnings are worthless and insufficient. I agree that they are insufficient, but let's discuss whether they are worthless based on the example of $USTC...

With the latest burns, the total supply of $USTC has decreased to 6,094,819,198. The amount of $USTC burned since the collapse has reached 5,185,684,271.

You can see that the current total supply of USTC is very close to the amount of USTC burned since the collapse until today. Binance burns $LUNC but does not burn $USTC. Nevertheless, USTC burns have occurred in very significant amounts. Let’s also mention that the USTC in TFL's wallets have not been burned yet...

During the LUNA/UST attack, TFL's goal was to burn UST supply to bring the UST peg to $1. This did not happen during the attack. The UST supply decreased from 21 billion to around 12 billion. You can see that the process is still ongoing. Burns continue without stopping.

Note: We believe that USTC can now be saved. If Binance exchange had provided the burn support it gave to LUNC for USTC or only for USTC, the situation of USTC would be completely different.

If Binance exchange is burning LUNC instead of USTC, there must be a reason!!!

I have presented the data. I have made my comment. Do you think the burns are worthless?

#USTC #LUNC #TerraClassic #Altcoins