An online casino capable of incinerating 26B LUNC has gone live.
Terra Casino Launches Officially As Community Expresses Concerns Over the Bookie’s LUNC Burn Transparency.
Terra Casino, an online bookie dedicated to burning LUNC, has officially gone live. The team behind the casino took to Twitter to announce its launch, saying:
“Hello, #TerraClassic and #LunaClassicCommunity We are delighted to announce that our doors are open.”
The casino also noted that it would burn 0.2% of all betting volume in LUNC regardless of the payment method bettors use in wagering their favorite games.
“We are burning 0.2% of ALL betting volume (whichever currency you use) on #LUNC,” it said.
The development comes days after Terra Classic developer Rex Harrison AKA Rexzy announced that a new casino supporting LUNC burns would soon roll out. Independent Terra Classic development group TerraCVita also confirmed the news by stating that the casino could burn up to 24B LUNC in 6 months.
Wow… a popular casino could easily burn 24bn #LUNC, in 6 months.
That's just 1 dApp that can burn nearly as much as all #LUNC burned in the last 6 months. ??
Imagine what a thriving ecosystem could burn.
— TerraCVita (@TerracVita) November 17, 2022
Users Express Concern Over the Casino’s Transparency With LUNC Burns
Since Terra Casino launched, many bettors from the Terra Classic community flocked to the platform to wager on their favorite games. Terra Casino revealed this in a tweet, stating that it is overwhelmed with the show of love and support the betting platform has received.
Thank you #TerraClassic for making #TerraCasino_io so welcome.
Fabulous first day.
Loads of people enjoying the casino.
Remember everyone has a chance to win because 'Win or Lose' the casino burns #LUNC ? ? ?— ⚽️♥️♣️TerraCasino♦️♠️? (@TerraCasino_io) November 21, 2022
However, some Terra Classic enthusiasts are still skeptical about the casino, as they took to Twitter to express their concerns. LUNC holders expressed concerns over the fact that Terra Casino is a centralized betting website, which makes it difficult to track the casino’s LUNC burn.
It seems to be a centralized casino, how do you prove fairness?
— Rasta?RBXS Samurai? (@ChloeWi18087815) November 22, 2022
Agreed, the #LUNCcommuntiy will be happier if you were transparent with burns. Makes this happen or you'll find #boycottcasino popping up on your page an awful lot. #showustheburns
— LUNC INCINERATOR (@LIncinerator) November 21, 2022
To further confirm that it will focus on burning 0.2% of all betting volumes on the platform, Terra Casino said it has commenced burning tokens and will provide an update soon.
To say thank you for the massive support for the casino.
We've started burning #LUNC early for #TerraClassicCommunity ???
Watch this space.— ⚽️♥️♣️TerraCasino♦️♠️? (@TerraCasino_io) November 22, 2022
Terra Casino is an online bookie that aims to incinerate billions of LUNC tokens by using 0.2% of its betting volumes. According to data on the website, the casino claimed to have burned 398,791 LUNC since it went live.
The bookie supports both casino and sports games. Some of its supported casino games include a variety of Baccarat, Blackjack, Roulette, and Sic Bo. The bookie also has a Live Casino, which gives bettors the feel of a real-world casino.
Regardless of its name, Terra Casino also offers sports betting, allowing bettors to wager on their favorite sports games, including the English Premier League (EPL), FIFA World Cup, NBA, etc.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
