Everything about LUNC burning rate as Binance ends first batch
The collection of trading fees for Binance’s margin and spot LUNC pairs ended on October 1. While most of the crypto community is waiting for the burn data from yesterday’s LUNC exchange, let’s see how many tokens of the infamous project have been burned so far.
Data on the burned LUNC supply varies from portal to portal and sometimes even differs in millions of tokens. Nevertheless, it was decided to turn to the two largest of them, LUNC.TECH and TerRarity.
According to the first source, the total supply of LUNC currently stands at 6.9 trillion tokens, and the number burned so far is 7.47 billion. As might be expected, it is through tax burn that the greatest efficiency is achieved. Thus, if LUNC.TECH data is to be believed, out of the above number of LUNCs, 3.2 billion have been burned through tax in the last 10 days. As a result, just over 300 million LUNC are burned through taxes on exchanges every day.
TerRarity’s data is not much, but still different from the above. Thus, the total supply of LUNC here equals 6.89 trillion tokens with the number burned equal to 7.55 billion. Meanwhile, the number of LUNCs burned through tax on exchanges is the same and equals 3.2 billion tokens, which was also achieved in the last two weeks.
As things stand, just over 300 million LUNC are burned every day by various methods, which brings the number of days needed to burn at least 5 trillion of the total supply to 45 years. Of course, we have yet to find out how much it will cost via Binance, but the pace clearly hasn’t accelerated yet.
