Top Terra Classic Influencer Predicts $0.001 Price for LUNC
Leading Terra Classic Influencer Predicts a Favorable LUNC Price. He predicts that LUNC will be $0.001 rather than $1. The prominent LUNC influencer Classy Crypto is quite optimistic about Terra Classic, and he forecasted that the coin would rise to $0.001. The time and date that Classy Crypto anticipates LUNC to skyrocket to that price […]
The Terra Community May Give Up Burn Tax Now to Boost Utility
Developer of Terra Classic Says Community May Have to Give Up Burn Tax to Promote Utility. Rex Harrison, also known as Rexzy, a member of the Terra Classic development team, shared a blog post on Medium today that suggested that to attract lost utility, the Terra Classic chain might have to give up its on-chain […]
Review: The Significant Growth in Terra Classic network
The Terra Classic chain has had a tumultuous year, making headlines for various reasons, from defying the bearish crypto market trend early in the year and setting new highs on the promise of decentralised crypto money at scale to spectacularly collapsing in May. The Terra Classic network has been evolving quickly despite being community-owned and […]
The New 0.2% Tax Burn Update Doubles Terra Classic On-Chain Volume
Following the 0.2% burn tax parameter modification, on-chain volume on the Terra Luna Classic (LUNC) network has increased, as well-known community influencer Classy Crypto noted in a tweet on Thursday. There is a catch, though, even though the 0.2% tax burn seems to have had the anticipated impact of raising volumes. The community’s implementation of […]
Terra LUNC Tax Burn Drops From 1.2% To 0.2% On Binance
By stating its support for Terra’s proposal to lower the LUNC and USTC Tax Burn Parameters, Binance furthered its backing for the Terra Classic project. The largest exchange in the world by trade volume, Binance, has said that it will abide by the recent proposal 5234 adopted by the Terra community to lessen the tax […]
Terra LUNC Community Approves New Measure to Reduce Tax Burn
The Terra Classic community approves proposal 5234 to reduce the tax burn from 1.2% to 0.2% to boost development and restore on-chain volume. After a week of voting and discussions, the idea was approved on Monday. The proposal’s author, a community member by the name of Akujiro, recently tweeted a confirmation of the news. Even […]
The author of the LUNC 1.2% Tax Burn Proposal Explains Why He Agrees to Reduce the Tax
Author of the 1.2% tax burn proposal for Terra Classic (LUNC) votes in favour of the tax reduction. Edward Kim, a core developer for Terra Classic, revealed on Twitter on Friday that he had voted in favour of Proposition 5234, which would have reduced the tax to 0.2% and given 10% to the community fund, […]
In Just Two Hours, the Terra LUNA Classic (LUNC) Supply Has Been Reduced By Over 9 Million
After weeks of anticipation, the LUNC tax parameter change went live today at around 6:18 UTC. The tax parameter is set to run until the LUNC supply reaches 10 billion tokens. According to data from LUNC validator StakeBin, over 9 million LUNC tokens have been burned in the short time since the LUNC 1.2% tax […]
The Launch of the 1.2% Tax Burn for Terra LUNA Classic (LUNC) is Here!
The tax parameter update for Terra Classic is now active after several weeks of anticipation and excitement. Users will therefore pay a 1.2% tax on all on-chain transactions, and the fees they are charged will be paid to the Terra burn wallet in order to reduce the supply of extra LUNC. A Terra Rebel named […]
The community of Terra Classic declares its independence from Do Kwon; Says LUNC 1.2% Tax Burn Author
Recent days have seen a number of statements by Terra Classic influencers separating the blockchain from Terra founder Do Kwon and claiming the network’s independence and capacity to survive without help from TerraForm Labs (TFL). The Terra Classic community claims that Do Kwon, the founder of Terra, has no involvement in it. In a tweet […]