The energetic Terra Classic community continues to burn millions of LUNC daily in a bid to stage a historic comeback for LUNC. So far this week, over <i>218,076,512</i> million LUNC have been taken out of circulation forever via different burn contributions.

Terra Classic core developer Edward Kim lent his voice to the discussion about Allnodes’ operations as a validator on the blockchain in a Twitter thread yesterday.

Terra Classic (LUNC) burns have especially increased this week, as the community has witnessed the incineration of over 22 million LUNC tokens as of today. This week’s burns have seen contributions from all angles, with validators making up 48% of the total burns so far.

The Joint L1 Task Force, an independent development team dedicated to Layer 1 work on the Terra Classic chain, is ahead of schedule for its set maintenance goals for Q1 2023.

The Terra Classic community has burned over 20 million LUNC tokens in a week amid the push to increase the burn rate. Validators and projects running on the Terra Classic network commit to burn millions of LUNC tokens after crypto exchange Binance temporarily suspended its LUNC burn mechanism until March.

Proposal 11310 by Terra Classic core developer Edward Kim has unanimously passed the threshold. The proposal aims to upgrade the&nbsp;blockchain from v1.0.4 to v1.0.5 and introduces codes to make future upgrades possible.

Edward Kim, the Terra Grants Foundation team lead and a top developer of the Terra Classic project has made a move toward the reimbursement of the millions of LUNC tokens in lost fees.

The crypto market continues to trade partially in red as Binance linking with Bitzlato financial crimes has impacted the market. Some significant coins are increasing in the last 24 hours, however, others are still slightly down.

Terra Classic (LUNC) tokens staked hit 900 billion mark as utility return on the network. LUNC price jumps 10%.

The wallet will enable users to stake and earn rewards in Terra Classic (LUNC).

In the last 24 hours, LUNC DAO, an independent validator on the Terra Classic network burned the largest amount of LUNC in one transaction. The Terra Classic network validator which is the 5th-largest LUNC contributor destroyed a whopping 2,631,901 tokens.&nbsp;

The Terra Classic community has burned over 16 million LUNC tokens in a week amid the push to increase the burn rate. In order to raise the burn rate, Terra Classic validators and projects aim to burn billions of Terra Classic (LUNC) in 2023. Until now, the Terra Classic community has burned 37.717 billion LUNC tokens.

The biggest single burn in the past 24 hours was initiated by autonomous validator LUNC DAO.

Terra Classic price is building momentum to correct a 3% dip recorded in 24 hours. Before the pullback to 0.0001720, LUNC traded new 2023 highs of $0.0001936. With support at $0.0001720 staying intact, Terra Classic price might push for the resumption of the uptrend during the American session.

TerraCVita, a group of developers working on a decentralized finance (DeFi) project that is built on Terra Classic layer 2, recently disclosed how the DEX will contribute to the LUNC burn expedition.

Independent Terra Classic development group TerraCVita yesterday released the white paper for its decentralized finance project dubbed Terraport.

According to Zaradar, the proposed ideas could potentially see LUNC attain $1 in two decades’ time.

Despite the May crash of LUNC, some crypto investors remain optimistic about the future of LUNC as they continue to support developmental projects rolled out in the community by volunteer developer groups like TerraCVita. So far, over 3 million dollars have been raised by the TCV to fund the development of Terraport.

Terra Classic independent development group TerraCVita has raised an additional $2 million for its proposed decentralized finance project Terraport, which will also include the long-anticipated decentralized exchange (DEX).