Terra Luna Classic Will Burn 900 Million LUNC? Community Divided!

<p>&nbsp;Recently there was a proposal of Terra Luna Classic to burn all Terra Luna Classic (LUNC) tokens from the community pool that were saved back from the Binance crypto exchange LUNC burning mechanism. Binance has reduced its contribution from 100% to 50% after it discovered that LUNC burning is being forged as a community pool fund for developers.</p><p><br /></p><p>The proposal aims to burn 899,224,538.5 LUNC from community groups. Early polls show LUNC fans are still split on the proposal. Some are of the opinion that it is not a good suggestion. However, others believe LUNC should be burned immediately because it is the right thing to do but in small amounts every week.</p><p><br /></p><p>To date, the proposal has received 42% "Yes" votes and 58% "No" votes. It shows the community believes that burning all LUNCs from the community pool will impact the spending proposal.</p><p><br /></p><p><br /></p><p>Validator Classy Crypto of Classy's Sphere tweeted that the community pool has over 3 billion LUNC in spending proposals, with 2.2 billion LUNC in the community pool. He proposed to burn 50 million every week as a token of Binance's contribution to the LUNC burning campaign.</p><p><br /></p><p>The total number of LUNC burns by the Terra Luna Classic community is approaching 65 billion as the burn rate increases significantly. Projects and validators contribute extensively to the LUNC burn.</p><p><br /></p><p>Binance has contributed 51% to the total burn, with 32.93 billion LUNC. The community expects a massive burn in Binance's LUNC burn mechanism.</p><p><br /></p><p>The price of LUNC jumped 1% in the last 24 hours, with the price currently trading at $0.00009176.</p>