Setting aside the speculative aspect of the crypto $LUNC
, it is worth highlighting how the #TerraLunaClassic community is working hard to restore dignity to the project.
Despite the numerous difficulties with a blockchain abandoned by a wide range of developers, the users aimed to restore the balance.
Various initiatives have been proposed to offer more incentives to users and programmers, with the aim of repopulating the #ECOSYSTEM .
Recently, the community voted to implement a burning plan of 46.55 million $USTC
(formerly UST) through contract migration.
In particular, this move could have a strong positive impact on the price of #LUNC✅ , pushing the price of the crypto upwards.
By reducing the current circulation of the #stablecoin , a mechanism is implied in which LUNC becomes more appealing in the market, supporting Marks’ bull thesis.
Furthermore, it is important to highlight how recently the actual closure of Terraform Labs (the company behind Terra Luna Classic) has been established, finally eliminating an aspect of centralization.
By doing so, the LUNC project becomes effectively owned by the community itself, which focuses on long-term rebuilding.
It’s difficult for it to return to the pre-dump levels of May 2022, however, we do not rule out a significant appreciation of the token.
Attention to not overexpose yourself on products like LUNC because although the potential is high, they imply an enormous speculative risk.