CryptoGlobe
2022-05-25 04:50:00

$LUNA Holders Are ‘Literally Burning Money’ by Destroying Tokens to Reduce Supply, Says Terra Co-Founder

The co-founder of Terraform Labs, Do Kwon, has said that $LUNA holders are “literally burning money” when they send tokens to a dead address in a bid to reduce the cryptocurrency’s circulating supply. HODLers’ plan, Fortune reports, is to reduce the circulating supply of the cryptocurrency in a bid to prop up prices as demand […]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.