That’s How Many LUNC Burned All Along as Binance Burns First Batch

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Binance’s col­lec­tion of trad­ing fees of mar­gin and spot LUNC pairs for burn­ing end­ed Oct. 1. While most of the cryp­to com­mu­ni­ty is wait­ing for tomor­row’s LUNC burn data from the exchange, let’s see how many tokens of the infa­mous project have been burned so far.

Data on the burned LUNC sup­ply varies from por­tal to por­tal and some­times even dif­fers in mil­lions of tokens. Nev­er­the­less, it was decid­ed to turn to the two largest of them, LUNC.TECH and TerRarity.

Accord­ing to the first source, LUNC’s total sup­ply is cur­rent­ly 6.9 tril­lion tokens, and the num­ber burned to date is 7.47 bil­lion. As might be expect­ed, it is through tax burn that the great­est effi­cien­cy is achieved. Thus, if the LUNC.TECH data is to be believed, of the above num­ber of LUNCs burned, 3.2 bil­lion have been burned through tax in the last 10 days. As a con­se­quence, just over 300 mil­lion LUNC are burned through tax on exchanges every day.

Ter­Rar­i­ty’s data is not much, but still dif­fer­ent from the above. Thus, the total sup­ply of LUNC here equals 6.89 tril­lion tokens with the num­ber burned equal to 7.55 bil­lion. Mean­while, the num­ber of LUNCs burned through tax on exchanges is the same and equals 3.2 bil­lion tokens, which was also achieved in the last two weeks.

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As things stand now, just over 300 mil­lion LUNC are burned every day by var­i­ous means, which brings the num­ber of days need­ed to burn at least 5 tril­lion of the total sup­ply to 45 years. Of course, we have yet to find out how much will be burned through Binance, but the pace has clear­ly not been ramped up yet.

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