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Author Topic: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool  (Read 6401 times)

Offline 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.

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

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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 #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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Offline 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

Offline 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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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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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #6 on: January 03, 2022, 07:27:31 PM »
They burned a good amount, perhaps that's why luna shows such good growth dynamics, the project just broke into the top 10 CMC, and if the project develops so dynamically, then this is not the limit.
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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #6 on: January 03, 2022, 07:27:31 PM »


Offline syedrasool2011

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #7 on: January 10, 2022, 05:05:58 PM »
This will be great in future price will boom to 200$ easily guys I buy at price 25$ am 10x profit but still holding my coins I will hold them for long term this year it will hit up to 200$.
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Offline Jamal Aezaz

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #8 on: February 08, 2022, 01:44:38 PM »
Terra luna is going places and I’m in this project long haul so I’m accumulating so lower price stay more I will buy. They’re promoting the eco system and if price is too much for a token people will go elsewhere. We need mass adoption then should they burn then this will start ripping. Think long term
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Offline Abdulcrypto784

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #9 on: February 15, 2022, 03:36:47 AM »
All coins is particular on every occasion while the crew does properly matters for the development of the platform, I am a brand new consumer at the Terra (Luna) platform, there are numerous matters so one can occur withinside the future, if the circulating cash are burned, then it will likely be similar to BNB cash , the distinction is that Luna embeds code on her community to burn and boom the fee of LUNA

Offline Widecoin

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #10 on: April 05, 2022, 03:00:09 AM »
:) Good Burning...

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #11 on: May 18, 2022, 04:39:39 PM »
This will be great in future price will boom to 200$ easily guys I buy at price 25$ am 10x profit but still holding my coins I will hold them for long term this year it will hit up to 200$.
Are you still buying Luna at a low price? I'm also new to this coin from a friend and was surprised by the price dropping. Hopefully the price can go up again
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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #12 on: May 19, 2022, 11:50:27 PM »
Are you still buying Luna at a low price? I'm also new to this coin from a friend and was surprised by the price dropping. Hopefully the price can go up again
you should be careful if you buy Luna, I doubt the price will increase in the future if the supply is not reduced.
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Offline Alichlas92

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #13 on: May 20, 2022, 07:09:34 AM »
they should do, at least restore investor confidence.

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Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
« Reply #14 on: May 20, 2022, 11:25:54 AM »
they should do, at least restore investor confidence.

This news is from several months before UST and LUNA fell into the abyss. What Do Kwon wants to do now is a fork to solve the mess they themselves have created, but several voices (CZ) have already warned him, creating a fork is not going to solve anything, the only solution is to buy back and burn coins , something that Terra cannot do, since the foundation does not have funds to buy back. Do Kwon claims that the validators voted for the network fork, but there are people who doubt that the votes were real.
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