Terra major development: Set to burn 1.3 billion UST tokens
Terra, the firm behind one of the biggest stablecoins, UST, and also LUNA, both of which crashed to nothing in a matter of days, has seen significant development. The community has passed the proposal to burn 1.3 billion UST tokens which amount to 11% of the existing 11.2 billion UST supply.
Proposal to burn Terra USD
The Terra governance system, which comprises the community, has voted in favor of burning all the UST tokens held in the project's community pool along with the UST deployed for past liquidity incentives on Ethereum (ETH). This amounts to 1.3 billion UST, which is around 11% of the existing supply of the UST stablecoin, as per data from CoinGecko.In the past, when LUNA demand used to increase, UST was burnt to mint LUNA, and when UST demand increased, LUNA was burned to mint UST. Interestingly, the proposal aims to "reduce the outstanding bad debt of the Terra economy and help restore the UST peg by burning the remainder of the Community Pool's UST."
"Eliminating a significant chunk of the excess UST supply at once will alleviate much of the peg pressure on UST. This is advantageous relative to the slow burn rate and type of downstream effects that inflated on-chain swap spreads induce on the Terra economy over an extended period.," the proposal adds.The proposal has received 99.3% votes to burn 11% of the entire supply of UST, and now, the firm responsible for the development of the project, Terraform Labs, will get to the task of burning billions of UST tokens.
Burn to work in 2 phases
The entire burn process will work in two phases. During the first phase, around 1 billion UST will be sent from the community pool of Terra to a burn module, and from there, the tokens will be permanently removed from the supply. In the second phase, the team will manually bridge back 370 million UST to Terra from the Ethereum blockchain and remove them from the supply.100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
