#LUNC✅ To calculate how much it would cost Binance to burn 5 trillion Terra Luna Classic (LUNC) tokens, we need to consider the current price of LUNC. According to the latest data, the price of LUNC is approximately $0.00008748 USD per token.
Based on this price, the cost to burn 5 trillion LUNC would be:
5,000,000,000,000 LUNC × $0.00008748 USD/LUNC = $437,400,000 USD
Therefore, Binance would need approximately $437.4 million USD to burn 5 trillion LUNC tokens.
It is important to note that Binance has been actively participating in the LUNC token burn. For example, in a single transaction, Binance burned over 1 billion LUNC tokens during its regular burn schedule.
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In addition, the Terra Luna Classic community announced a historic 60% token burn of the total token supply, aiming to revitalize market sentiment and reduce inflation.
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These initiatives demonstrate a concerted effort to decrease the circulating supply of LUNC and potentially increase its value in the market.