LUNC is the native token of the Terra Basic blockchain, which imploded this Might, wiping out $60 billion in market worth; the mission’s algorithmic stablecoin misplaced its peg to the greenback, and LUNC, the token that was alleged to be its stabilizer, fell into hyperinflation. Whereas most crypto builders and tasks left the blockchain, some group members tried to deliver new life to the community by introducing a scheme that reduces the bloated provide of the token.
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