Terra Classic is genuinely deflationary: LUNC float changes −0.2% over the last 12 months and total supply −0.6%.
11th of 56 tracked programmes by 12-month net float change.
Said in proposal 3568 and passed by the chain itself, which is why the citation is the chain rather than a blog. Real destruction, no minting — one of the few genuinely deflationary assets in the index. The narrative quotes 274B LUNC a year; our own trailing window measures a fraction of that, and the measured rate is the one this page publishes.
Supply composition · measured window (364 of 365 days carry an event)
Measured, not annualised. These are the sums the ledger holds for the last 365 days, not a projection.
Same scale — these rows add up to more movement than the year's readings show, so which side led it is not settled here.
Supply flows
The two halves are drawn to their own scales — the side above the line runs 10× the other — so heights are comparable within a half, never across the line. The axis carries the figures for both.
Show the figures as a table13 months
| Month | Burned | Into the community pool | Released from the community pool | Net | Cumulative |
|---|---|---|---|---|---|
| Sep | $189K (3.37B LUNC) | $20K (364.32M LUNC) | $0 | −$209K | −$209K |
| Oct | $104K (2.16B LUNC) | $9K (194.58M LUNC) | $20K (476.83M LUNC) | −$94K | −$303K |
| Nov | $131K (3.55B LUNC) | $11K (315.48M LUNC) | $0 | −$142K | −$445K |
| Dec | $207K (4.77B LUNC) | $22K (490.68M LUNC) | $0 | −$229K | −$673K |
| Jan | $278K (6.64B LUNC) | $6K (151.62M LUNC) | $37K (972.26M LUNC) | −$247K | −$920K |
| Feb | $99K (2.81B LUNC) | $8K (212.56M LUNC) | $0 | −$107K | −$1M |
| Mar | $75K (1.73B LUNC) | $5K (112.2M LUNC) | $0 | −$79K | −$1M |
| Apr | $108K (2.17B LUNC) | $14K (283.47M LUNC) | $9K (136.21M LUNC) | −$113K | −$1M |
| May | $334K (3.86B LUNC) | $36K (407.25M LUNC) | $0 | −$371K | −$2M |
| Jun | $258K (3.41B LUNC) | $12K (169.93M LUNC) | $0 | −$269K | −$2M |
| Jul | $94K (1.62B LUNC) | $7K (127.44M LUNC) | $313 (5.27M LUNC) | −$101K | −$2M |
| Aug | $133K (2.62B LUNC) | $27K (529.24M LUNC) | $0 | −$160K | −$2M |
| Sep | $58K (1.13B LUNC) | $6K (117.27M LUNC) | $14K (275.61M LUNC) | −$50K | −$2M |
Circulating and total supply
Address register
1 more address
How the programme runs
Removals recorded on 90 of the last 90 days, across 118,605 transactions; the largest single transaction is 10.1% of what the window removed; the last of them 10 Sep 2026, today.
Our ledger for LUNC starts 19 Aug 2025 and holds 247,202 recorded rows — 404 daily measurements and 246,798 transactions.
What the record shows
No finding stands for this token right now. The ones below were withdrawn — they are kept because a finding that quietly disappears is indistinguishable from one that was never made.
Exchange burn programmes are quarterly by design, so the timing is expected. What is measured here is the size of the concentration, not that it exists. Measured over 4 quarters, 3,321 burn events, from 26 Aug 2025 to 25 Aug 2026. The χ² vs uniform gives q < 0.0001 after correcting across the whole family of 52 tests run that day; p < 0.0001 alone would not publish it.
Retired 26 Aug 2026: the re-test could not run: the window no longer holds enough observations to support the test. Published 24 Aug 2026 and kept here with this note rather than removed — a finding that quietly disappears is indistinguishable from one that was never made.
Inputs and evidence
Window 2025-08-26 to 2026-08-25. p = 0.000, corrected to q = 0.000 across a family of 52 tests. Effect 0.890. 3321 events read.
Sources: derived-chain (Chain events), lcd (Chain state)
10EBA76A5C758BA32F6B0053626F1576C0AF6CFFCCA7FE61FC38BEC1FC42C7EC · 593FC06D26EABD9BB36AB65C23F73397E9E3078802ADD2AED455B40447FF5C1B · 5D8DBAE1A064AEDBBB315005D1EDF524BC412DBA1267159D1DC7F9B8D5D6BDCD · 2EDED561BDC731A731F4EFC2673C9D7E7012DD9B2631F3356333442B226CBA4E · 22D744B9E2BA302DC0CBC9F8118988304D8109CD230F29AE43C2BBA22D28C980
Every test in the family is registered before it runs, and the correction is applied across the whole day's family — see how the engine publishes.
Verified events
| Date | Event | Amount (LUNC) | Value | Transaction | Source |
|---|---|---|---|---|---|
| Burnso far today · includes the rows below | 92,455,105.28 | $5K | measured from supply | Chain readingsSo far today | |
| Burn | 4,896.27 | $0.25 | B73084377F…684B2B | Cosmos LCDChain state | |
| Burn | 1,202,906.9 | $61 | 3E38853054…2E04C1 | Cosmos LCDChain state | |
| Burn | 1,239,543.76 | $63 | 0B6EFF7B20…6AF68E | Cosmos LCDChain state | |
| Burn | 240 | $0.01 | D592708413…E96E6B | Cosmos LCDChain state | |
| Burn | 255.6 | $0.01 | 1F90034929…49EBBE | Cosmos LCDChain state | |
| Burn | 62.69 | <$0.01 | C906805BC1…52D4BB | Cosmos LCDChain state | |
| Burn | 330,436.14 | $17 | C71F2AB62D…71B188 | Cosmos LCDChain state | |
| Burn | 744,584.25 | $38 | B49DE2731C…9BCAFA | Cosmos LCDChain state | |
| Burn | 12,000 | $0.61 | 98FC33663F…8F4124 | Cosmos LCDChain state | |
| Burn | 4,418.79 | $0.22 | AEE894B212…091222 | Cosmos LCDChain state | |
| Burn | 4.68 | <$0.01 | FB0DBC863C…1162EF | Cosmos LCDChain state | |
| Burn | 4,921.54 | $0.25 | 4BA2D6B6E1…D54BE7 | Cosmos LCDChain state | |
| Burn | 4,786.58 | $0.24 | 6A44DAF678…7A75A3 | Cosmos LCDChain state | |
| Burn | 4,859.58 | $0.25 | C63789EEFC…6B10D5 | Cosmos LCDChain state | |
| Burn | 1.98 | <$0.01 | 55EB7E6D0C…D0DBFA | Cosmos LCDChain state | |
| Burn | 33,276.4 | $2 | 8AE832C500…1294FC | Cosmos LCDChain state | |
| Burn | 60,000 | $3 | E99CB476EE…937D72 | Cosmos LCDChain state | |
| Burn | 1,703.26 | $0.09 | 3B0C24F5DD…45B077 | Cosmos LCDChain state | |
| Burn | 1,738.35 | $0.09 | CD26C9A5E6…53893C | Cosmos LCDChain state | |
| Burn | 3,600 | $0.18 | 93BD73C02F…CD8F3D | Cosmos LCDChain state | |
| Burn | 33,276.76 | $2 | 96F8531FDD…269740 | Cosmos LCDChain state | |
| Burn | 6 | <$0.01 | 7D499F9187…1BA1F5 | Cosmos LCDChain state | |
| Burn | 42,467.58 | $2 | A24DE3D063…1751D4 | Cosmos LCDChain state | |
| Burn | 294.94 | $0.01 | 8F7F46BD50…DE580A | Cosmos LCDChain state | |
| Burn | 245,660.85 | $12 | 5F8FCDC31C…56BC4C | Cosmos LCDChain state |
Showing 25 of 247568 recorded events, newest first, above today's movement so far — measured from supply, and not one of them until a transaction accounts for it. The remaining 247543 are available through the API.
What we got wrong
The ratio divided $2,021,354 of burns by $2.85 of issuance — everything LUNC added over twelve months. Nine days in ten the figure is absent because nothing was added at all; on the tenth a rounding error became a rate, and signal 74 published it at high severity as "LUNC burns now cover everything added". The arithmetic was right and the sentence was about the $2.85. A denominator of 9.8e-7% of float is below the materiality gate this methodology already applies everywhere else, and the ratio is withheld rather than restated: what share of nothing was covered has no answer. The headline is unmoved because it never used this ratio — net float is issuance and unlocks less burns over float, and none of those changed.
Moved the published headline by 0.0pp.
The release was smaller than the day's unrelated destruction, so the subtraction took the whole of it and wrote nothing: a reader saw no event rather than a wrong figure. The zero below is structural, not rounded — LUNC's figure is measured from two chain readings, so the ledger does not enter it; measured with the methodology, -0.071200 before and after.
Moved the published headline by 0.0pp.
Audit trail
Open the audit trail2 revision days · provenance
What we said before
Moved: 12-month net float, methodology version.
Moved: 12-month net float.
The full chain, field by field:
The series as it stood on any past date, from the same endpoint:
Provenance
Read 10 Sept 2026 from Cosmos LCD · Chain state
The 30-day removal rate is 127% of the 90-day rate. The tag reads Active at or above 70% and Weakened at or above 20%.
Checked against CoinGecko on 10 Sep 2026: under 0.01% apart, inside the 0.5% tolerance that publishes at high confidence.
Questions people actually search
Yes. Circulating supply falls about 0.2% a year and total supply falls 0.6%, so both measures point the same way.
Yes — burns exceed everything added over the same 12-month window.
54.94bn LUNC destroyed across 247,202 rows we have recorded since 19 August 2025 — 404 daily measurements and 246,798 transactions. Only the transactions can be linked: a daily measurement is a day's fall in supply read from our own snapshots, and there is no single transfer behind it.
We hold no vesting schedule for LUNC, so we publish no forward calendar rather than a guess. Unlocks that have already happened are in the ledger below.