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Terra Luna Classic (LUNC) Staking Gains Momentum As 6 Billion Tokens Staked in 3 Days

Terra Luna Classic (LUNC) Staking Gains Momentum As 6 Billion Tokens Staked in 3 Days

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The Terra LUNA Classic (LUNC) initiative has gained momentum recently as investors continue their efforts to revive the cryptocurrency from the dust.

According to a tweet shared by LUNC Staking, an unofficial account that tracks all LUNC staking, the number of tokens staked has reached 534.29 billion LUNC. This comes three days after TheCryptoBasic reported it LUNC holders had invested a total of 528 billion.

The development shows that in the last 72 hours, LUNC holders staked a total of 6 billion Luna Classic tokens. It’s worth noting that the staking initiative is part of an effort to reduce LUNC’s total supply from its whopping 6.9 trillion tokens. The invested EUR 534.29 billion currently represents 8.9 percent of LUNC’s total supply.

Investors’ efforts to revive LUNC

LUNC investors are not willing to abandon the project, as many expected. They have continued to make significant strides to help the cryptocurrency make a huge comeback.

The LUNC stake is not the only way Terra investors plan to revive Luna Classic tokens. Investors have participated in a burning project where millions of tokens are sent to the address of hell.

The community also voted in favor a proposal for a 1.2 percent tax burn in all intra-chain LUNC transactions.

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