#LUNCH The Terra Classic community is working towards burning $LUNC tokens to reduce the supply from trillions to 10 billion. Here's what's happening ¹ ²:

- *Current Supply:* The current supply of LUNC stands at approximately 5.973 trillion tokens.

- *Tokens to be Burned:* To reach the target of 10 billion tokens, around 5.963 trillion LUNC tokens need to be burned.

- *Burn Rate:* At the current burn rate, it would take around 52 years and 8 months to achieve this goal. However, another estimate suggests it could take nearly 30 years, considering the tax burn rate of 0.2%.

- *Progress So Far:* To date, around 34.8 billion LUNC tokens have been burned, representing about 0.5% of the total supply. Binance has also burned significant amounts of LUNC tokens, with the latest burn being 1.14 billion tokens, contributing to the total burn count.

The community's efforts to burn LUNC tokens have shown some positive effects, such as a price surge of over 10% for LUNC and USTC tokens after Binance's burn event in December 2024. The total LUNC burned by Binance has reached over 50 billion, with the community burn nearing 100 billion ³ ⁴.

Let's break down the key points ⁵ ⁴:

- *Binance's Role:* Binance has been actively burning LUNC tokens, with the 18th batch burning 2.1 billion tokens.

- *Community Engagement:* The community is actively engaged in the burn process, with a significant number of tokens being burned through various mechanisms.

- *Price Impact:* The burn events have shown a positive impact on the price of LUNC and USTC tokens.

The journey to 10 billion tokens will be long, but the community's dedication and perseverance are driving the process forward.