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|Rank||Owner||LUNC Burned||% Total||Wallet Address|
|1||Binance||43,475,262,757||52.3%||terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe||See all burns|
|2||LunaticsToken||1,976,175,010||2.4%||terra1sq6th05hdwwwxvymzytc93lvhjxyx4pkjurhgj||See all burns|
|3||DFLUNC Protocol||1,885,286,920||2.3%||terra1g9htux72h5nj5c0hpzely3rqwnryzmy22xlxpu||See all burns|
|4||MEXC||1,017,243,371||1.2%||terra1w8nc8ev0ylg97qnj080np4lnljngdvpd90ev63||See all burns|
|5||LUNCDAO||457,758,001||0.6%||terra13s4gwzxv6dycfctvddfuy6r3zm7d6zklynzzj5||See all burns|
|6||Cremation Coin||409,839,401||0.5%||terra1vwchc3pkrxn8kahd0g9wxd8zjr0drnduzkn4z3||See all burns|
|7||AllNodes||344,354,637||0.4%||terra120ppepaj2lh5vreadx42wnjjznh55vvktwj679||See all burns|
|8||DFLUNC Protocol||233,142,982||0.3%||terra1e0d5zw24mer6kjg727fr037ma0p2svcg3xd0zg||See all burns|
|9||TerraCasino||211,980,571||0.3%||terra153mwt0upple9klvrryrtckx9vneguw6ja33d3c||See all burns|
|10||DFLUNC Protocol||175,708,124||0.2%||terra1nzk97ymgd3rfx75wgmldcuxgat5gckmfy89308||See all burns|
In May 2022, Terra Money tragically collapsed. Due to systemic hyper-inflation, LUNA supply went from a few hundred million to 6.9 Trillion. Yeah, thats Trillion… with a capital T. LUNA lost 99.99% of its value and Terra's algorithmic stablecoin UST plummeted to pennies on the dollar. Over $60 billion USD was wiped out from the market in a matter of days.
From the ashes, two groups emerged: one led by Terra founder Do Kwon, trying to build a new LUNA chain from a hard fork. And another group of Terra Rebels and community members trying to revitalize the the original chain, now called LUNA Classic. LUNA on the Classic chain was renamed to LUNC.
LUNC Metrics was built to track analytics on the LUNA Classic chain, with revitalization work led by the Terra Rebels. The primary tactic is to burn LUNC and remove it from circulation. There are also proposals to restructure UST debt, but that is an evolving discussion.
Currently, there are two mechanisms to burn LUNC: on-chain taxation, and donations sent to the official burn address.
Taxing transactions on the terra classic chain accounts for approximately of the total burn. Only transactions that happen on-chain can be taxed. So this excludes trading on centralized exchanges like Binance and Kucoin.
For a transaction to be included in the on-chain tax scheme, the transactions must be one of the following types:
On the LUNA Classic chain, there is an official wallet address that will automatically burn any coins sent to it. This address was made public by Do Kwon on May 21, 2022, but on-chain transactions show it has been used to burn LUNA since September 2021.
The official LUNC burn wallet address is: terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu
LUNC sent to the burn address comes in a variety of forms, but most notably is Binance. In support of the Terra community, Binance decided to donate all LUNC trading fees to the burn. The Binance burn currently represents over 50% of total LUNC burn. Other donations are made by LUNC validators and community members. Overtime, hopefully more crypto exchanges will join the burn.
With so much momentum and focus around rebuilding LUNC, there could be great financial opportunities by trading LUNC. This website does NOT constitute or offer any sort of financial advice and provides no warranties on accuracy. It was built as a passion project to help quantify and track the burn.
If you want to buy/sell/trade LUNC, you can support this website by signing up with one of our crypto referral codes with top exchanges like MEXC and Bybit. It costs you nothing. Each referral code includes great benefits, like discounted trading fees and free sign up bonuses. And it helps keep this site ad-free.
Good luck, internet stranger! I hope you make it to the moon 🚀 🌕
Like many, I lost big during the Terra collapse. I didn't panic sell when UST de-pegged, and consequently lost a huge portion of my savings. It was a hard lesson to learn.
I built this site as a passion project. If my work helps you, consider a small donation. Any amount helps!