Home Blog Page 13

Over 6 Billion LUNC Burned in 2 Weeks as Terra Classic Supply Continues to Shrink

Adit 39
-
0
Over 6 Billion LUNC Burned in 2 Weeks as Terra Classic Supply Continues to Shrink

The Terra Classic network has recorded a significant milestone, with more than 6 billion LUNC tokens burned over the last two weeks. This reduction in circulating supply highlights the continued impact of the burn mechanism, even during periods of mixed network activity.

Based on on chain data from early January, LUNC burns were driven by a combination of large one time events and consistent daily transactions. The most notable spike occurred on January 1, when over 5.3 billion LUNC were burned in a single day. This single event contributed the majority of the total burn volume during the period.

Following that initial surge, daily burn figures stabilized at lower but steady levels. While most days recorded burns in the tens of millions, the cumulative effect still pushed the total beyond 6 billion LUNC within just thirteen days.

Daily LUNC Burn Recap

Month Date LUNC Burned
January 1 5,367,757,097
January 2 36,700,121
January 3 194,515,792
January 4 59,068,461
January 5 22,184,507
January 6 55,976,794
January 7 58,298,205
January 8 85,060,487
January 9 22,167,180
January 10 22,949,053
January 11 34,617,148
January 12 33,911,987
January 13 18,745,561
Total 6,011,952,393

What This Means for Terra Classic

The data shows that large scale burns can still occur, significantly accelerating supply reduction in short timeframes. At the same time, the lower daily figures seen after January 1 suggest that regular burn rates remain closely tied to transaction volume and overall network usage.

While daily burns alone may not appear dramatic, consistent on chain activity combined with occasional high impact burn events continues to play a key role in Terra Classic long term deflation strategy.

As the ecosystem evolves, sustained usage, higher on chain volume, and additional burn initiatives will remain critical factors in maintaining momentum and supporting long term supply reduction.

Arguments on the New Website Proposal From terra-classic.money Creator Dawid Skinder

Adit 39
-
0
Arguments on the New Website Proposal From terra-classic.money Creator Dawid Skinder

The Terra Classic community is currently voting on a proposal to designate terra-classic.io as the official website while discontinuing the use of terra-classic.money. As the proposal progresses through governance, discussions within the community have intensified, evolving from routine feedback into a broader debate about decentralization, transparency, and long term strategy.

As a neutral Luna Classic news source, it is important to present perspectives from all sides to help community members make informed decisions. This article outlines key arguments raised by Dawid, the creator of terra-classic.money, which has been used as a primary landing page for Terra Classic.

Below is Dawid’s perspective, structured into clear numbered points to support easier review by community voters.

1. Centralization and single point of failure risks

1.1 Domain custody and ultimate control

Dawid argues that terra-classic.io is structurally centralized because domain ownership represents ultimate control over where users are routed. Control at the domain level creates a single point of failure for an ecosystem critical entry point.

1.2 Concentration of ecosystem influence

According to publicly observable information, the domain owner is also involved across multiple high impact areas within the Terra Classic ecosystem, including:

  • Significant influence over official Terra Classic GitHub repositories
  • Operation and deployment of the Astroport Classic interface
  • Contributions to Market Module 2.0 development
  • Involvement in other ecosystem tools that affect user access and information routing

Even if all participants act in good faith, Dawid believes stacking multiple critical control layers under one operator increases systemic risk and conflicts with decentralization goals.

1.3 Transparency request for voters

To properly evaluate risk, Dawid calls for disclosure of any additional infrastructure, tools, or assets controlled by the domain owner that materially intersect with user routing, ecosystem visibility, or economic outcomes.

2. Conflict of interest concerns

2.1 Maintainers and economic incentives

The contributor and maintainer group for terra-classic.io reportedly includes validators and service providers. If these contributors also hold merge or review authority, Dawid argues this creates incentive alignment risks.

2.2 Influence of a canonical website

An official website directly affects traffic, reputation, delegations, and downstream revenue. Governance decisions involving this surface require stronger safeguards against conflicts of interest.

3. Governance process issues

3.1 Material changes during discussion

Dawid highlights that the proposal’s core rationale and framing were substantially revised after discussion had already begun, before moving quickly into deposit and voting.

3.2 Shortened discussion period

The proposal advanced to voting within only a few days, despite common governance expectations that proposals receive adequate discussion time for review and rebuttal.

3.3 Proposer voting perception

While proposer voting is not prohibited, Dawid argues that voting in favor of one’s own proposal during a shortened discussion period reinforces the perception of a rushed process rather than consensus building.

4. Banner narrative and neutrality concerns

4.1 Context of the informational banner

The proposal rationale places emphasis on an informational banner on terra-classic.money that links to an Agora discussion and invites community support.

4.2 Industry standard practice

Dawid notes that such banners are common across open source and public goods ecosystems. As an example, Bitcoin.org openly displays a community funding banner without being considered non neutral.

4.3 Governance standard consistency

From this perspective, disqualifying a website based on the presence of an informational banner reflects subjective preference rather than a neutral governance standard. Dawid argues that standards should focus on operational governance, not optics.

5. Decentralization claims of terra-classic.io

5.1 Contribution access versus governance control

Allowing pull requests does not automatically equate to decentralization. Dawid emphasizes that true decentralization depends on:

  • Who holds merge rights
  • How approvals are granted
  • How maintainers are appointed or removed
  • Who controls domain and hosting credentials
  • How disputes and incidents are handled

5.2 Current structural limitations

At present, domain custody remains centralized and the effective maintainer group appears limited. Without a formal governance framework, Dawid believes labeling the site as community owned may be overstated.

6. Missing information for informed voting

For a change affecting a canonical ecosystem destination, Dawid argues that the proposal should clearly publish:

  • Domain and hosting custody details
  • Maintainer and reviewer lists with merge authority
  • Approval thresholds and governance policies
  • Incident response and dispute resolution processes
  • Conflict of interest disclosures
  • Communication and migration plans for third party platforms

Without this information, voters are asked to approve assertions rather than a defined operational model.

7. User impact and ecosystem consistency risks

7.1 Asynchronous updates across platforms

Exchanges, wallets, aggregators, market data platforms, media outlets, and search engines update official links at different speeds. A change can result in months of inconsistent user experience.

7.2 Reputational considerations

Conflicting official links can confuse users and partners, which Dawid argues is particularly damaging for a network still rebuilding trust.

8. Strategic and branding considerations

8.1 Role of the official website

The official website serves as the primary onboarding and credibility surface for investors, builders, and institutions.

8.2 User experience and narrative clarity

According to Dawid, terra-classic.io functions as a resource hub but does not sufficiently address guided onboarding, narrative clarity, or institution grade presentation.

8.3 Alternative approach

terra-classic.money version two is being designed with multilingual support, integrated documentation, guided user journeys, and stronger brand positioning to support long term reputation recovery.

Conclusion

This article does not advocate for or against the proposal. Its purpose is to clearly present both perspective so the Terra Classic community can evaluate all viewpoints fairly and make informed governance decisions.

Over 400,000 USTC already burn in the last 12 days

Adit 39
-
0
Over 400,000 USTC already burn in the last 12 days

USTC Burn Reaches Over 400,000 in Just 12 Days

The Terra Classic ecosystem continues its efforts to reduce the circulating supply of USTC. Over the last 12 days, more than 400,000 USTC tokens have been permanently removed from circulation, marking steady progress in the ongoing burn initiative.

Burn activity has varied from day to day, reflecting changes in network usage and transaction volume. Despite these fluctuations, the overall trend remains positive, showing consistent participation in the supply reduction process.

Daily USTC Burn Breakdown

Below is a summary of daily USTC burns recorded during the first 12 days of January.

Month Date USTC Burned
January 1 33,407
January 2 93,158
January 3 15,065
January 4 7,253
January 5 15,637
January 6 7,618
January 7 9,758
January 8 33,196
January 9 58,758
January 10 115,023
January 11 8,474
January 12 7,387
Total 404,734

What This Means for USTC

The burn of over 400,000 USTC tokens in less than two weeks demonstrates ongoing commitment from the community and ecosystem participants. While daily burn volumes can change based on activity levels, sustained burns contribute to gradual supply reduction over time.

Continued on chain activity, ecosystem growth, and increased network usage will remain key factors in maintaining and potentially increasing future USTC burn levels.

Luna Classic Daily Burn Rate Enters a Slower Phase

Adit 39
-
0
Luna Classic Daily Burn Rate Enters a Slower Phase

Luna Classic Daily Burn Rate Enters a Slower Phase

The Luna Classic network has entered a noticeably slower phase in its daily token burn activity. Over the past nine days, the network has not recorded a single day where the LUNC burn exceeded one hundred million tokens.

The slowdown has become more pronounced in the last four days, during which daily burns failed to surpass fifty million LUNC. This trend reflects a period of reduced on chain transaction activity across the Terra Classic ecosystem.

Daily token burns on Luna Classic are directly linked to network usage. When transaction volume declines, the amount of LUNC burned through on chain mechanisms also decreases. Lower daily burn figures do not indicate that the burn mechanism has stopped or changed. Instead, they highlight reduced activity during this period.

Despite the recent slowdown, the cumulative burn total for January remains significant, driven mainly by a large burn recorded at the beginning of the month. This demonstrates how burn activity can fluctuate based on network participation and usage levels.

LUNC Daily Burn Recap

Month Date LUNC Burn
January 1 5,367,757,097
January 2 36,700,121
January 3 194,515,792
January 4 59,068,461
January 5 22,184,507
January 6 55,976,794
January 7 58,298,205
January 8 85,060,487
January 9 22,167,180
January 10 22,949,053
January 11 34,617,148
January 12 33,911,987
Total 5,993,206,832

Looking ahead, a recovery in daily burn levels will depend largely on increased on chain activity. Higher transaction volume, stronger application usage, and broader ecosystem participation are key factors that could push daily burns back to higher levels.

At this stage, the data confirms that Luna Classic is experiencing a temporary slowdown rather than a structural change in its burn process. Continued monitoring of network activity will help determine when burn momentum may return.

Proposal to Update Official Terra Classic Website Links to terra classic.io on Voting progress

Adit 39
-
0
Proposal to Update Official Terra Classic Website Links to terra classic.io on Voting progress

Proposal to Update Official Terra Classic Website Links to terra classic io

The Terra Classic community is currently voting on a governance proposal to update the official website links for LUNC and USTC displayed on major third party platforms. These platforms include CoinMarketCap CoinGecko and centralized cryptocurrency exchanges. The proposal seeks to change the official website reference from terra classic money to terra classic io.

This proposal is not related to launching a new product or requesting community funding. Its primary objective is to protect governance integrity maintain neutrality and preserve long term trust in how Terra Classic is publicly represented across the cryptocurrency ecosystem.

Background

Previous governance decisions including Proposal 12181 and Proposal 12141 granted the Terra Classic community authority to update the official website links shown on third party platforms. Following those approvals the official link was changed to terra classic money.

At the time of voting the community was given clear assurances. The website was presented as a neutral community focused resource. It was stated that the site would not request future funding would avoid monetization and would remain independent from private financial interests. These assurances played a significant role in the proposal receiving community approval.

The Issue Identified

After the proposal passed the operator of terra classic money publicly requested funding to develop a second version of the website. This action directly contradicts the commitments made during the governance process.

As a result the website can no longer be viewed as a fully neutral community resource. There is also a growing concern that Terra Classic governance could be perceived as endorsing a privately funded project. Allowing such changes without further governance review introduces reputational risk and sets a concerning precedent for future proposals.

What the Proposal Requests

The proposal asks the Terra Classic community to update the official website link used on third party platforms from terra classic money to terra classic io. These are the only two website links referenced in the proposal and the change is limited strictly to this update.

Why terra classic io Is Being Proposed

From a governance standpoint approvals are granted based on the information presented at the time of voting. When those conditions materially change the community has both the right and responsibility to reassess its decision to protect governance credibility.

Neutrality and trust are essential. An official website link displayed on major data platforms implies community endorsement. terra classic io is not tied to a private funding roadmap does not rely on recurring funding requests and represents the broader Terra Classic ecosystem rather than a single operator.

Long term sustainability is another key factor. terra classic io is not designed around monetization which reduces governance and reputational risk. It provides a stable professional landing page suitable for investors developers infrastructure providers and media.

The website also operates under an open community contribution model. Improvements and updates are submitted through GitHub pull requests ensuring transparency decentralization and alignment with community consensus. No single individual controls the website and there is no dependency on future funding.

What Happens If the Proposal Passes

If the proposal is approved validators and designated coordinators such as Allnodes will be requested to update the CoinMarketCap listing. The proposal will also serve as an official community request to CoinGecko exchanges and other third party platforms to update their records.

Most importantly Terra Classic would re establish a neutral governance safe official landing page for both LUNC and USTC.

Final Notes

This proposal does not question the effort or intentions behind terra classic money. Instead it addresses a material deviation from the conditions under which the original governance approval was granted.

The proposed change is corrective rather than punitive. Its goal is to protect governance credibility preserve community trust and ensure long term neutrality in the public representation of Terra Classic.


VOTE NOW

Over 300,000 USTC Burned in the Last 11 Days

Adit 39
-
0
Over 300,000 USTC Burned in the Last 11 Days

Over 300,000 USTC Burned in the Last 11 Days

The Terra Classic ecosystem has recorded steady progress in its ongoing supply reduction efforts, with more than 300,000 USTC tokens burned over the past eleven days. This activity reflects continued community participation and transparent on chain tracking.

Between January 1 and January 11, a total of 397,347 USTC tokens were permanently removed from circulation. These burns are part of Terra Classic’s broader strategy to gradually reduce supply and support long term ecosystem stability.

Daily burn figures show varying activity levels, with notable increases on January 2, January 9, and January 10. The highest single day burn occurred on January 10, when more than 115,000 USTC tokens were burned in one day.

USTC Daily Burn Summary

Month Date USTC Burned
January 1 33,407
January 2 93,158
January 3 15,065
January 4 7,253
January 5 15,637
January 6 7,618
January 7 9,758
January 8 33,196
January 9 58,758
January 10 115,023
January 11 8,474
Total 397,347

The steady pace of burns highlights the Terra Classic community’s continued commitment to responsible supply management. While daily figures may fluctuate, the overall trend shows consistent participation and measurable progress.

As burn mechanisms continue to operate, the community will closely monitor on chain data to assess long term impact and sustainability within the Terra Classic ecosystem.

Luna Classic Burn Rate Slows as Daily LUNC Burns Fall Below 50 Million for Three Consecutive Days

Adit 39
-
0
Luna Classic Burn Rate Slows as Daily LUNC Burns Fall Below 50 Million for Three Consecutive Days

The Luna Classic burn rate has shown a noticeable slowdown, with the network recording three consecutive days where daily LUNC burns remained below 50 million tokens. This trend highlights a temporary reduction in burn activity compared to earlier periods of higher on chain participation.


At the beginning of January, burn activity surged significantly, driven largely by a one time large scale burn event. Following this spike, daily burn volumes declined and stabilized at lower levels, reflecting more moderate network usage.

Lower daily burn figures do not signal the end of burn mechanisms on Terra Classic. Instead, they indicate reduced transaction volume and fewer large scale contributions during this period. Burn activity remains dependent on organic usage, exchange participation, and community driven initiatives.

Despite the recent slowdown, total burns for January remain substantial. The data confirms that supply reduction is still ongoing, even as the pace temporarily softens.

As new utilities, platforms, and integrations continue to develop, increased transaction activity could help lift daily burn figures again. For now, the latest numbers reflect a stable but slower burn phase within the broader Luna Classic ecosystem.

Luna Classic Daily Burn Recap

Month Date LUNC Burned
January 1 5,367,757,097
January 2 36,700,121
January 3 194,515,792
January 4 59,068,461
January 5 22,184,507
January 6 55,976,794
January 7 58,298,205
January 8 85,060,487
January 9 22,167,180
January 10 22,949,053
January 11 34,617,148
Total 5,959,294,845

Juris Protocol JURIS Token Successfully Listed on AscendEX

Adit 39
-
0
Juris Protocol JURIS Token Successfully Listed on AscendEX

Juris Protocol has reached an important milestone as its native token JURIS has been successfully listed on the centralized cryptocurrency exchange AscendEX. The exchange opened deposits and withdrawals on January 7, with the JURIS USDT trading pair officially going live on January 8 at 10:00 AM UTC.


With the listing now active, JURIS has gained access to a centralized trading environment where users can trade directly against the USDT stablecoin. This significantly improves accessibility for traders who prefer centralized exchanges, allowing Juris Protocol to reach a wider audience beyond decentralized finance users.

From a market structure perspective, the AscendEX listing adds a new source of liquidity and supports improved price discovery for JURIS. Listings on CEX often attract short term trading activity, including speculative interest and arbitrage across platforms. This can lead to increased trading volume and short term volatility as the market adjusts.

Beyond centralized exchange exposure, Juris Protocol is also gaining greater recognition through off chain platforms. This broader visibility helps draw attention to the Terra Classic ecosystem as a whole and can indirectly support increased awareness of LUNC among traders and investors outside the on chain environment.

For users who prefer to trade Juris on chain within the Terra Classic ecosystem, JURIS is available for direct trading through Orbit Wire.


Trade Juris on Orbit Wire

Over 215,000 USTC Burned in the Last 8 Days

Adit 39
-
0
Over 215,000 USTC Burned in the Last 8 Days

Over 215,000 USTC Burned in the Last 8 Days Strengthening Terra Classic Supply Reduction

More than 215,000 USTC has been permanently removed from circulation over the last eight days, reflecting continued efforts to reduce the stablecoin supply within the Terra Classic ecosystem. This steady burn activity highlights ongoing community and network initiatives aimed at long term stability and value improvement.

Burning tokens means sending them to an irrecoverable address, ensuring they can never be used again. Over time, consistent burns help reduce total supply, which can support healthier market dynamics when combined with real utility and demand.

USTC Daily Burn Summary

Below is a breakdown of USTC burned each day during the first eight days of January.

Month Date USTC Burned
January 1 33,407
January 2 93,158
January 3 15,065
January 4 7,253
January 5 15,637
January 6 7,618
January 7 9,758
January 8 33,196
Total 215,092

Why USTC Burns Matter

USTC burns play an important role in the broader Terra Classic recovery strategy. By gradually lowering circulating supply, the ecosystem aims to support future repeg discussions, improve market confidence, and align incentives across validators, developers, and users.

Although burns alone do not guarantee price growth or stability, they are a foundational mechanism that complements utility driven development and governance improvements.

Outlook

If this pace of burning continues or accelerates through higher on chain activity and wider adoption, USTC supply reduction could become more meaningful over time. The community will continue monitoring daily burn data as an indicator of ecosystem participation and long term commitment.

Over 5.8 Billion LUNC Burned in the Last 8 Days

Adit 39
-
0
Over 5.8 Billion LUNC Burned in the Last 8 Days

Over 5.8 Billion LUNC Burned in the Last 8 Days

The Terra Classic network continues its supply reduction efforts as more than 5.8 billion LUNC tokens have been permanently removed from circulation over the past eight days. This steady burn activity highlights ongoing community participation and on chain mechanisms aimed at improving long term token economics.

Token burns play an important role in reducing the total circulating supply. While burns do not guarantee price movement, consistent reductions can support scarcity and reinforce confidence in the Terra Classic ecosystem.

LUNC Daily Burn Breakdown

Below is the daily LUNC burn recap for the first eight days of January, showing how the total burn amount was achieved.

Month Date LUNC Burned
January 1 5,367,757,097
January 2 36,700,121
January 3 194,515,792
January 4 59,068,461
January 5 22,184,507
January 6 55,976,794
January 7 58,298,205
January 8 85,060,487
Total 5,879,561,464

Why LUNC Burns Matter

LUNC burns permanently remove tokens from circulation, reducing overall supply. Over time, this mechanism helps improve token sustainability and aligns with the community goal of rebuilding Terra Classic through long term economic discipline.

Continued transparency through daily burn reporting allows the community and investors to track progress and assess network activity with confidence.

Final Thoughts

Burning over 5.8 billion LUNC in just eight days demonstrates that Terra Classic burn mechanisms remain active and effective. As burn activity continues, the community will closely monitor whether this momentum can be sustained in the weeks ahead.

Staying informed on daily burn data remains essential for understanding the evolving supply dynamics of LUNC and the broader direction of the Terra Classic ecosystem.

1...121314...94Page 13 of 94