Terra Luna Classic token burn proposal $LUNC has been a hot topic in the LUNC community. Some token burn proposals have been approved, while others are still under discussion or voting. Here are some key points related to the LUNC burn proposal:

Approved Proposals:

- The LUNC community has approved several token burn mechanisms to reduce the circulating supply of LUNC. One example is the burning of a portion of transaction fees on the Terra Classic network.

- Crypto exchanges such as Binance have also adopted the token burn mechanism by burning a portion of the LUNC trading fees charged to users.

Proposals Still in Process:

- Several proposals related to burning or network upgrades are still under discussion or voting by the community. The LUNC community actively participates in the governance process through platforms such as Terra Station.

While token burns have broad support, the huge supply of LUNC makes it take time and consistency from the highest policy stakeholders of the Terra Foundation to restore LUNC to its former glory