The minting of mandatory coins on the Terra Classic chain is confusing. Investors wondered if $LUNC coins are being minted. The blockchain itself is minting the coins and burning the minted quantities immediately. These coins are very rare, but the burned quantities are being incinerated.
After the collapse, minting coins became an issue. The Binance platform temporarily halted the burning of $LUNC coins and requested a correction of this situation. A community vote was conducted, and it was decided to automatically burn minted coins. In short, neither #LUNC nor $USTC coins are being minted on the Terra Classic chain. We have many posts about minting coins. However, we see that most investors are unaware of this...
