All Terra tokens are seeing a significant rally as the community aims to restore prices through burning, staking, project development, ecosystem education, and governance. Terra Classic (LUNC), in particular, has piqued the eye of investors, with daily trading volume increasing by more than $2.5 billion on September 6. Furthermore, the LUNC price has increased by approximately 300% in the last 30 days since writing.
The community has burnt over 3.5 billion LUNC tokens, accounting for 0.05% of the total supply. Also, the amount of Terra Classic staked was over 530 billion LUNC, with a staking ratio of about 8.65%.
In fact, Binance alone has generated over $1 billion in trade volume, with KuCoin running out of LUNC tokens. Furthermore, on Monday, September 12, a 1.2% burn tax plan will be issued. In fact, Binance alone has generated over $1 billion in trade volume, with KuCoin running out of LUNC tokens. Furthermore, on Monday, September 12, a 1.2% burn tax plan will be issued.
LUNC burn address: terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu
Besides that, LUNC holders can earn a passive income by delegating LUNC, running a LUNC validator node, and lending LUNC with a reward from 6.6% to 42%. For example, the investor could calculate the reward plus the price of LUNC expected to continue to grow with this tool. The image below illustrates the reward after a year with $1000 of LUNC staking, and the price of LUNC expect to be super bullish, which is a growth of 500%. Eventually, the investor’s estimated yearly reward is more than $2000, which is x2 after one year of staking.
Source: Terra and LUNC Burner, Staking Rewards and Coingecko