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HomeCrypto NewsThe Terra Casino Project Burns 4M LUNC In One Transaction 

The Terra Casino Project Burns 4M LUNC In One Transaction 

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Terra Casino has continued to support the Terra Luna Classic (LUNC) burn campaign. 

The casino’s official Twitter account announced today that the team had burnt 4 million LUNC tokens.  

“… We just sent another 4m of LUNC from the Terra Casino to burn,”  the casino stated. 

It’s worth noting that the casino’s crew also posted a link to the recent burn.

Rex “Rexzy” Harrison, TerraCVita’s Head of Development and a notable Terra community member, confirmed and praised the casino’s recent LUNC burn in a tweet.

The casino announced its first LUNC incineration less than two weeks before the most recent burn. 

Four days after going live, the online betting company reportedly destroyed 1,096,015 (1.09M) LUNC tokens. 

Rexzy claimed that only bettors’ deposits and withdrawals were subject to the casino’s 1.09M LUNC burn.

Terra Casino Has Contributed Immensely to the LUNC Burn Campaign

The opening of Terra Casino happened on November 21, 2022. The betting site stated that regardless of the payment method used by customers, it will burn 0.2% of all wagering volumes in LUNC. 

Terra Casino might burn 24 billion LUNC tokens in six months, according to TerraCVita.

The ongoing LUNC burn campaign has significantly benefited from Terra Casino’s contributions. 

The casino was third on the list of the projects that burned the most LUNC that day, November 28, 2022. 

On November 28, 18:13 (UTC), the online betting site burned 8.9 million LUNC in a single transaction.

The betting site tweeted, celebrating the achievement:

Despite Terra Casino’s assurances, many LUNC investors had doubts about the casino’s capacity to support the continuing burn campaign because Terra Casino had withheld blockchain information regarding its prior LUNC burns.

This time, Terra Casino decided to provide evidence of its most recent LUNC incineration to address these issues.

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