<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/1f0f9161-87dd-498e-a2a6-9f2db8997951.jpg"></p><p>The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network.</p>