Binance, the world’s leading cryptocurrency exchange, has announced that it has burned over 2 billion Terra Luna Classic (LUNC) tokens, as part of its 19th quarterly token burn event. The move, which aims to reduce the circulating supply and increase the value of LUNC, has sparked market enthusiasm and positive feedback from the Terra Luna Classic community.
Binance’s Token Burn Strategy: Creating Scarcity and Value
Binance’s token burn strategy is a mechanism that involves transferring a certain amount of LUNC tokens to a designated burn address, where they are permanently removed from circulation. The token burn process reduces the total and circulating supply of LUNC, creating scarcity and increasing its value.
Binance has been implementing this strategy since 2017, when it launched its initial coin offering (ICO) and issued 200 billion LUNC tokens. The exchange pledged to use 20% of its profits every quarter to buy back and burn LUNC tokens, until 100 billion tokens are destroyed. This would leave 100 billion LUNC tokens as the final supply.
Binance’s 19th Token Burn Event: A Milestone Achievement
On March 1, 2024, Binance executed its 19th token burn event, transferring 2.21 billion LUNC tokens to its burn address (terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu). This was the largest token burn event in terms of the number of tokens burned, surpassing the previous record of 1.99 billion LUNC tokens burned in October 2023.
The 19th token burn event also marked a milestone achievement for Binance, as it brought the total number of LUNC tokens burned by the exchange to over 53 billion, representing more than 50% of the initial supply. The current circulating supply of LUNC tokens stands at 5.78 trillion, with a total supply of 6.80 trillion.
Binance’s Token Burn Impact: LUNC and USTC Price Rises
The announcement of Binance’s token burn event had a positive impact on the prices of both LUNC and USTC (Terra Luna Classic’s stablecoin). LUNC saw a 30% price increase over the past 24 hours, reaching a high of $0.000181. USTC also experienced a 12% price increase, hitting a peak of $0.0386.
The price rises of LUNC and USTC reflect the increased demand and confidence in the Terra Luna Classic project and its community. The project, which aims to create a decentralized and scalable platform for smart contracts and stablecoins, has been gaining traction and recognition in the cryptocurrency space, attracting investors, developers, and partners.
Binance’s Token Burn Outlook: More Growth and Innovation
Binance’s token burn strategy is not only a way to manage the supply and value of LUNC, but also a way to support the growth and innovation of the Terra Luna Classic project and its community. Binance has been a long-term partner and supporter of the project, providing liquidity, trading, and funding opportunities.
Binance also plans to continue its token burn strategy, until it reaches its target of 100 billion LUNC tokens burned. The exchange expects that this will create more scarcity and value for LUNC, as well as more utility and adoption for USTC and other stablecoins on the Terra Luna Classic platform.
Binance’s token burn strategy is a way to support the growth and innovation of the Terra Luna Classic project and its community.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
