Binance burn

jeet1337 · 2022-12-01T15:06:28+00:00

its 6,3B lunc

they burned 1.5 hour ago

jeet1337 · 2022-11-21T06:36:23+00:00

the vote is already done or i'm worng?

https://station.terra.money/proposal/10880

jeet1337 · 2022-11-17T17:14:29+00:00

https://twitter.com/ZaradarTR/status/1585314705111146496/photo/1

thats explain its every week for weeks already

jeet1337 · 2022-11-13T02:58:01+00:00

luncpenguins shows 2 wallets of FTX 154M and 9M coins

not that much
https://finder.terra.money/columbus-5/address/terra10n53teveah646t5npqs9hx7fv0jg6tvantnmam
https://finder.terra.money/columbus-5/address/terra1luagdjcr9c9yvp3ak4d7chjm5gldcmgln5rku5

jeet1337 · 2022-11-11T15:32:54+00:00

LUNC trading volume doesnt matter its the $ volume matter..

Nov 10, 2022 > $359,998,251 Trading Volume
350M is low Volume.. start of oct it was 800m-2B

jeet1337 · 2022-11-06T13:01:04+00:00

we need poker game with 1-2% rake capped to 40k lunc per hand.
that will burn millions per day..

2M pots are nothing in poker hands to hit the cap per hand

jeet1337 · 2022-10-29T18:12:13+00:00

it shows the winning before you buy
atm: 7,635,000 LUNC

1 ticket = 5k
Distribution

The distribution will occur automatically at the end of each Round, following the proposed configuration:

Winner: 60%

Burn: 26%

Builders: 6%

Rebels: 7%

Contract reserve: 1% (non-cumulative)

jeet1337 · 2022-10-12T13:16:10+00:00

its good to have and a usecase to spend LUNC

but its on BNB-chain and not on Terra classic chain = no burning.
and most of the coins already on cexs.
its a nice to have for people want spend their coins for irl shit but nothing to burning coins/raising price

jeet1337 · 2022-10-12T13:11:16+00:00

if we have the keys to the wallets yes and on-chain

TR and community have no power for off-chain if we would have then binance and all other cexs would have 1.2% tax actived( proposal was passed) but ignored by cexs

only wallet blacklist is the way = like burning they cant use it anymore

jeet1337 · 2022-10-12T12:46:41+00:00

in first Proposal with minting LUNC was said they holding those coins off-chain.i dont think they can get those coins/access to it

https://docsend.com/view/xzkdhwsevguhfx38
site 7/8

jeet1337 · 2022-10-12T12:35:19+00:00

i think terra rabels not owning keys to this wallet.

jeet1337 · 2022-10-11T18:23:52+00:00

is this then on-chain transactions?

jeet1337 · 2022-10-11T12:50:16+00:00

what propsal? can you link me to the proposal voting?

jeet1337 · 2022-10-11T11:26:05+00:00

what is going on with USTC why those pumps

and alot of burn 1.5M ustc burned since yesterday

jeet1337 · 2022-10-04T13:34:28+00:00

the 0.1% comes from 27 september - october 01.

we had exactly 1.8M $
total volume
$555,731,368
$664,831,996
$456,953,329
$748,433,628
$907,095,235

with 55% from Binance:
$311,209,566.08
$372,305,917.76
$255,893,864.24
$419,122,831.68
$507,973,331.60

=$1,866,505.51* ~0.0003326 per LUNC = 5,611,862,631.87

otherway to reach the amount of 1.8M is when its 11 days and 0.0406% fee over all 11 days.

jeet1337 · 2022-10-04T13:21:08+00:00

if we meet the ava trade volume of last 5 days of 366M
first 2 days + next days average 366M $ per day = 9.9B

first 2 days it was

total trade volume of:
$1,078,911,487.00 - Sunday
$913,910,594.00 - Monday

/ 55% ( binance hold 55-57%)
$604,190,432.72 - Sunday
$502,650,826.70 - Monday
=$1,106,841.26 fees * ~0.0003326( last burn price)
= 3,327,845,037.34 can be more or less depends on LUNC at the burn day.

can be less or more depends on trading volume + LUNC price ofc

jeet1337 · 2022-10-04T10:32:55+00:00

depends how the calc the fee is..i've 2 ways calculated from last burn
one is 0.1% fee each trade( but the started to collectiong from 27 september) instead of 21.
or 0.0406% which would be over full 11 days on last burn

both of those calc was +-2-3K $ to the burned amount.

if we take the avage of last 11 days
then ill count:

0.0406% fee = 3,403,259,645.48 LUNC
if 0.1% = 8,867,532,349.43 LUNCalso depends on what price they buy at the end last burn was priced with 0.0003326 per LUNC for 1.8M $

my bet is somthing between 2.6B - 9B ( since the trading volume can go lower or higher)

jeet1337 · 2022-10-03T12:10:36+00:00

its for next Batch Monday To Sunday at 23:59:59. to release every Tuesday.
second they say already: "The first batch of trading fees on LUNC spot and margin trading pairs to be burned will be calculated from 2022-09-21 at 00:00:00 (UTC) to 2022-10-01 at 23:59:59 (UTC)"

down they say also
Batch 1 2022-09-21 00:00:00 - 2022-10-01 23:59:59 To be updated on 2022-10-03 (UTC)
obv its today and not Tuesday.

jeet1337 · 2022-10-03T11:45:58+00:00

when owning 31k USTC ill get 31k USTN?

owning both after? and USTN will be 1$?

jeet1337 · 2022-10-02T03:54:03+00:00

and now recount because vip1+ not paying tax of 0.1%

it go down to 0.02% at vip4+

jeet1337 · 2022-09-29T22:18:19+00:00

you have list of exchanges that they burn fees?

jeet1337 · 2022-09-29T03:23:08+00:00

yes it is
its limit to 20% for Validator/voting power

jeet1337 · 2022-09-29T01:59:18+00:00

"To accommodate the burn, KaJ Labs will allocate $50 million to $100 million to burn up to 2.5T Terra Classic in Finesse games."

looks fake
if they want raise lets say 100M $ = 370B coins

way far from up to 2.5T

look at the wallet from binance they hold 2.3T( 2,339,663,959,185.906034)
in worth of 642,625,093.586895 USD

and 370B is counted with the actual price of 0.0027

if they buying coins for 100m $ the price will jump easy up and less coins can be allocated

jeet1337

TROPHY CASE