loader image

Tag Archives: burned

88.7 million LUNA tokens ($4.5 billion) will be burned and swapped for the stable coin (UST)

Terra, the algorithmic decentralized stablecoin project will burn $4.5 billion worth of its native coin LUNA from its community pool. The decision was taken through Terra’s on-chain governance system. According to their Twitter announcement, LUNA will be burned and swapped for UST, which is Terra’s native stablecoin. The burn will take place on every 800 blocks generated by […]