LUNC Skyrockets: Terra Luna Classic Community's Bold Move to Slash Costs and Ignite 61% Price Surge!
The Terra Luna Classic (LUNC) community is buzzing with excitement as they rally behind a groundbreaking proposal aimed at reducing ecosystem costs and enhancing maintainability. With over 99% of community members voting in favor, this initiative is poised to drive significant changes in the LUNC ecosystem. Analysts are predicting a 61% price surge to $0.00015, fueled by substantial token burns.
On October 20, the Terra Luna Classic Community submitted a vital proposal aimed at tackling technical debt and boosting the maintainability of the LUNC ecosystem. The proposal, championed by OrbitLabs, outlines plans to eliminate outdated components from the current codebase, which heavily relies on several forked versions of Cosmos modules. This divergence from upstream modules has been inflating maintenance costs and complicating the ecosystem's functionality.
Removal of Outdated Modules: The proposal seeks to streamline the code by eliminating older Cosmos module versions that have increased complexity and security vulnerabilities.
Two-Phase Implementation: The proposal will roll out in two stages, starting with modernizing the Cosmos SDK and the consensus engine, followed by updates to the Wasmd contract structure.
If approved, the first phase is expected to take around eight weeks, while the second phase will take an additional ten weeks.
LUNC Price Performance: Ready for a Breakout
As of now, LUNC is trading at $0.00009290, showing a slight decline of 1.99% in the past 24 hours. However, the altcoin is showing strong momentum, with a remarkable 726 million tokens burned recently. Today alone, 15,014,150.70 LUNC tokens were destroyed—15,008,049.70 tokens through tax mechanisms and 6,101 coins via direct transactions.
Tokens Burned Today:By Transactions: 6,101.00By Tax: 15,008,049.70
Total Burned: 15,014,150.70Over the past week, 320,164,105 LUNC tokens have been removed from circulation, creating a sense of scarcity that is essential for future price growth.
