Why Binance Remains a Critical Force for the LUNC Ecosystem
Many in the LUNC community question whether Binance is still important for the future of Terra Classic. To understand this, we need to look at Binance’s history and its current contribution to the ecosystem.
Before the crash, Binance was a major investor in Terra Luna. After the collapse, Binance continued supporting the community through its monthly LUNC burn program, using trading fees to reduce supply. At first, Binance burned 100 percent of all LUNC trading fees. When the community proposed using a portion of Binance’s previously burned tokens to fund the community pool, Binance reduced the burn rate to 50 percent, which remains in place today.
Is Binance important for LUNC? The answer is yes. Here are the main reasons:
- Since 2022, a total of 426.56 billion LUNC has been burned. Binance contributed 17.79 percent of that amount, burning 75.89 billion LUNC.
- Binance is the largest exchange that has not delisted LUNC or USTC, while other major platforms such as Kraken have already announced delisting.
- Binance continues its monthly LUNC burn program using trading fees, providing consistent supply reduction.
- Binance holds nearly 2 trillion LUNC, equal to about 28.08 percent of the total supply, making it a major stakeholder.
In summary, Binance remains a key supporter of LUNC, contributing through burns, trading access, and substantial token ownership. Its involvement continues to strengthen the Terra Classic ecosystem.
