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Terra Passes Highly Anticipated Proposal to Burn Nearly 89M LUNA

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The Terra group on Tuesday night time handed a well-liked proposal to burn about 88.7 million terra (LUNA) tokens, value roughly $4.5 billion at present costs, and mint about 4 million to 5 million UST stablecoins, a call that ought to additional increase the Terra mission, in accordance to analysts.

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