In 2022, Binance introduced the LUNC burn program to support the revival of the Terra Classic blockchain. Through this initiative, Binance commits to burning a portion of trading fees in Luna Classic (LUNC) helping reduce supply and strengthen the ecosystem.
The program has given Luna Classic a unique advantage, as it is one of only two tokens included in Binance’s official burn mechanism alongside Binance token. This distinction highlights the community-driven efforts to restore value and trust in the network.
From 2022 until today, Binance has burned approximately 74.31 billion LUNC and 4.38 million USTC. These burns represent a significant contribution toward reducing circulating supply and maintaining momentum for Terra Classic’s long-term recovery.
The Binance LUNC burn program continues to be one of the strongest drivers of progress for the Luna Classic blockchain, showing both community support and institutional backing for the project’s future.
