'People kept asking for the burn address': Do Kwon warns against burning $LUNA tokens after sharing the burn address.
Two days after sharing the LUNA burn address, Kwon reiterated his point of view that reducing the circulating supply of LUNA tokens will have no impact on the market price, stating, “nothing happens except that you lose your tokens.”
“Happy to provide for information purposes but want to clarify that you should not burn tokens unless you know what you are doing - I for one cannot understand.” Kwon has previously confirmed that Terra is no longer minting new LUNA tokens, which is one of the main reasons why investors believe a burning mechanism will improve LUNA price owing to scarcity.
Speaking to Cointelegraph, Near Foundation’s Nicky Chalabi highlighted that projects like Tracer seek alignment with the ecosystem’s core values and that:
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