Tag: Luna Burn

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There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits

April 30, 2022

In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for…
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Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

April 18, 2022

The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin Terrausd Surpasses BUSD’s Market Valuation There’s a new leader in the world of stablecoins,…
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