Terra, an algorithmic stablecoin project, will startl burning over $4.5 billion worth of terra (LUNA), its native token, from its community pool. This decision was taken using the on-chain governance system. As per the proposals 133 and 134, the LUNA will be burned and swapped for the UST, native stablecoin of the chain. The burn is expected to raise the price of LUNA in the long term.