Binance smart chain price tracker
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Binance luna burn tracker
In May 2022, Terra Money tragically collapsed. Due to systemic hyper-inflation, LUNA supply went from a few hundred million to 6.9 Trillion. Yeah, thats Trillion… with a capital T. LUNA lost 99.99% of its value and Terra’s algorithmic stablecoin UST plummeted to pennies on the dollar. Over $60 billion USD was wiped out from the market in a matter of days.
LUNC Metrics was built to track analytics on the LUNA Classic chain, with revitalization work led by the Terra Rebels. The primary tactic is to burn LUNC and remove it from circulation. There are also proposals to restructure UST debt, but that is an evolving discussion.
The potential impact of these proposals has generated considerable optimism within the community, as evidenced by a notable increase in the price of LUNC, the native coin of Terra Classic. The outcome of the ongoing governance votes will be instrumental in determining the future trajectory of the project.
Terra is a network developed by Terraform Labs, enabling users to perform secure and fast digital asset transfers. The Terra network supports dollar-pegged stablecoins such as Terra Stablecoin (UST) as well as its own cryptocurrency called Terra (LUNA) token.
The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network. The number of tokens that are burned is relative to the number of tokens in circulation. This ensures that the total supply of tokens is constantly decreasing, thus increasing their value over time.
In response to the Terra Luna Classic (LUNC) community’s request for increased burning efforts in September 2022, Binance, a major cryptocurrency exchange, implemented a unique program. This program deviated from the community’s proposal of a direct burn tax on off-chain trading volume.
Binance smart chain portfolio tracker
You can use this feature to check details on the token’s total transfers, transaction data, etc., which can be exported in CSV format. Similar to Etherscan, this BNB Smart Chain block explorer also provides reputation statuses like ‘SPAM,’ ‘UNSAFE,’ and ‘SUSPICIOUS’ to protect BSC blockchain users.
With the Auto-Sync Trades feature, users can effortlessly import trades directly, streamlining their transaction processes. Accommodating the modern user’s mobility, a dedicated mobile app is available for both iOS and Android platforms.
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The platform offers an Auto-Sync Trades feature, ensuring seamless trading experiences. Users can benefit from its mobile application compatibility with iOS and Android. The platform supports various coins, including Ethereum, Bitcoin, BNB, Tether, Solana, and Cardano, to name a few. Additionally, it integrates with multiple exchanges and wallets such as Binance, Coinbase, Kraken, Binance US, Gemini, and Crypto.com, among others.
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