Binance Might Be Involved in the USTC Rebirth Plan, Says Diana, Binance Community Associate

Binance, the world's largest cryptocurrency exchange, has made significant strides in supporting the Terra Luna Classic community. Recently, Binance community associate Diana posted a cryptic message on the X platform suggesting that Binance might be involved in the USTC rebirth. This post has sparked a lot of interest in the community.

Binance, the world’s largest cryptocurrency exchange, has shown significant support for the Terra Luna Classic community. Recently, a cryptic message from Binance community associate Diana on the X platform hinted at Binance’s possible involvement in the USTC rebirth, sparking community interest.

Binance’s Contribution to LUNC Burn Campaign

Binance has made a substantial contribution to the LUNC burn campaign, which aims to reduce the token supply in the market. The exchange has burned over 62 billion LUNC, accounting for 49% of the total tokens burned by the community. In total, the community has burned over 126 billion tokens.

As mentioned in our recent blog post, over 1.017 trillion Terra Luna Classic (LUNC) tokens, valued at $70.15 million, have been staked. The staking ratio has increased from 14.83% to 15.01%.

The burn campaign is part of a larger effort to stabilize the value of LUNC. While the Terra Luna Classic community has faced obstacles, the monthly burn mechanism from Binance has provided some assistance. Notably, Changpeng Zhao, the former CEO of Binance, also disclosed that Binance➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥➥

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