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HomeCrypto NewsMarketBinance Survey Shows Terra Classic (LUNC) 2nd Most Supported Crypto on Twitter 

Binance Survey Shows Terra Classic (LUNC) 2nd Most Supported Crypto on Twitter 

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Terra Classic (LUNC) ranks ahead of BNB and CAKE in the new Binance survey.


Terra Classic is ranked among the most supported cryptocurrency projects on Twitter. According to an ongoing survey created by Binance, the crypto community was asked to disclose their favorite cryptocurrency project.

Participants must post, comment, or retweet the Binance hashtag alongside their favorite cryptocurrency project’s ticker. The rationale behind the survey is to determine which cryptocurrency has the most support on Twitter.

From the results, LUNC is currently ranked as the second cryptocurrency with the most support on Twitter. Per data published by Binance, LUNC currently has a total vote of 3.5k, putting the cryptocurrency ahead of Binance Coin (BNB), PancakeSwap (CAKE), eCash (XEC), and Galxe (GAL). However, Bitcoin ranked in the top spot after recording a total vote of 12.8k.

 

Following the collapse of the Terra ecosystem in May, LUNC transitioned into a community-driven project. Holders of LUNC have shown support for the coin on various social media platforms to lure more people into adopting the cryptocurrency.

Earlier this week, David Gokhshtein, the founder of Gokhshtein Media, knocked Terra Classic investors for making the cryptocurrency trend on Twitter for no reason. Gokhshtein said he was tempted to buy the cryptocurrency after seeing it trend on the microblogging platform. However, he stopped at the last minute. To counter Gokhshtein, Terra Rebels replied that they were working on something massive.

Victims of Terra’s crash have sought ways to revive the cryptocurrency from the dust. For LUNC holders, the best way to boost the token’s value is to reduce the token’s total supply via burns. A total of 24.16 billion LUNC worth around $5.95 million have been incinerated from the Terra Classic total supply.

It is worth noting that Binance has played an integral role in the ongoing LUNC burn. The exchange has supported the community’s efforts to revive cryptocurrency. Last month, Binance implemented a mechanism to collect and burn all fees obtained via LUNC trading activities. So far, the exchange has burnt over 12.2 billion LUNC through the initiative.

In recent developments, TerraCVita member hints at developing a Terra Classic DEX soon. Also, The LUNC Chain is one step closer to full Cosmos interoperability as developers reveal code to Re-Open IBC on Terra Classic.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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