Burns on the Terra Classic chain for $LUNC and $USTC have increased recently. Activity has intensified as the processes related to Do Kwon have reached completion.
Total LUNC burns have exceeded 416 billion units. The amount of LUNC burned in the last 5 days has surpassed 1 billion units. The source of all burns has been the "burn tax."
The Terra Classic chain generates value. It uses 80% of the value it produces for burns. It reduces the supply burden on the chain.
10% of the produced value goes to the community pool, and 10% goes to the stake pool.
The primary priority of the Terra Classic community is to reduce the supply of LUNC and USTC. The data and actions support this...