An article was officially published on binance and shared by CEO of Binance about the implementation of burn mechanism on LUNC, this is a very good news for the lunc community and would definitely affect the price too as the supply would get reduced with every burning.

Binance Implements Burn Mechanism For Luna Terra Classic (LUNC)!

Following was shared by binance:

In response to the LUNC community proposal on burning trading fees while maintaining a good trading experience for users, Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address. The specific amount of LUNC to be burned, its equivalent value in USDT, and on-chain transaction ID will be updated each week in this announcement until further notice.

Further Details about the announcement can be found here: 

#BoycottBinance was trending previously due to CZ Binance comments about the LUNC Burn however now that binance has taken into consideration the recommendation and listened to its users and lunc community.

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