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Author Topic: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool  (Read 318 times)

sirty143

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Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« on: November 13, 2021, 11:52:01 AM »

Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and according to proposals 133 and 134, the LUNA will be burned and swapped for... See more for yourself here.

Your opinion is greatly appreciated.

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Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« on: November 13, 2021, 11:52:01 AM »


KryptoBull

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #1 on: November 16, 2021, 06:14:51 PM »

It is possible that this will create a scarcity of LUNA in the market and support the price of LUNA. We are seeing a slowdown in the Terra ecosystem as they don't have many DeFi related projects for everyone to participate in. I'm not denying Terra is a good platform, but I'd love to see more projects on Terra.


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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #1 on: November 16, 2021, 06:14:51 PM »
:)

Freemind

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #2 on: November 16, 2021, 07:04:41 PM »

It is possible that this will create a scarcity of LUNA in the market and support the price of LUNA. We are seeing a slowdown in the Terra ecosystem as they don't have many DeFi related projects for everyone to participate in. I'm not denying Terra is a good platform, but I'd love to see more projects on Terra.

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trofim21

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #3 on: November 18, 2021, 09:31:04 PM »
very good news for holders of these coins, now I can understand why such a large increase has occurred recently, I need to buy a few more of these coins, I think the growth will continue ;D

zilzylian

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #4 on: November 19, 2021, 03:39:39 PM »
very good news for holders of these coins, now I can understand why such a large increase has occurred recently, I need to buy a few more of these coins, I think the growth will continue ;D
each coin is unique every time when the team does good things for the progress of the platform, I am a new user on the Terra (Luna) platform, there are many things that will happen in the future, if the circulating coins are burned, then it will be the same as BNB coins , the difference is that Luna embeds code on her network to burn and increase the price of LUNA
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KryptoBull

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #5 on: December 05, 2021, 01:13:48 AM »
This token burning mechanism may be the reason for the LUNA token to reach a new ATH in the past time. The Terra ecosystem is not very developed, but its value for DeFi is great when it comes to making it easy for users to access the crypto ecosystem.

 

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