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Ethereum World News 2022-03-15 12:26:18

Luna Foundation Council Greenlights another $4M Luna Burn To Mint UST

Singapore-based Luna Foundation Guard continues to pursue its mandate to aid in growing the Terra blockchain ecosystem. The non-profit organization has now voted in favor of another massive LUNA token burn from its treasury. The Luna Foundation Guard (LFG) announced on Tuesday that the organization’s council has voted to burn an additional 4 million of Terra’s native token LUNA. According to the announcement, the burn will allow the LFG mint around 372 million in UST. The so-called UST functions as […]

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