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‼️‼️🔴 LUNC, USTC Burning Tax vs Token Nomics vs Blockchain🔴‼️‼️
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Terra Luna Classic Upgrade Successfully Rolled Out; LUNC Faces Price Resistance and Market Challenges
Upgrade Implementation: Terra Luna Classic (LUNC) has completed its v3.1.3 upgrade, aimed at enhancing the blockchain’s performance and tokenomics.
Burn Tax Redistribution:
80% of the burn tax is allocated to burning LUNC tokens, which is expected to reduce the circulating supply and potentially drive up the token’s value.
10% is directed to the Community Pool to support various initiatives and development projects within the Terra Classic ecosystem.
10% is assigned to the Oracle Pool, which helps in maintaining and improving the network's oracle services and overall reliability.
Staking Ratio Increase: LUNC's staking ratio has increased to 15.39%, reflecting a significant rise in the number of tokens being staked by investors. This indicates growing confidence in the network's future and a higher level of participation in its governance and security.
Current Market Prices:
LUNC: Priced at $0.00008353, showing a slight decline of 0.5% in the past 24 hours.
USTC: Trading at $0.01979, with a 0.60% drop over the same period.
Market Response: Despite the positive technical upgrades and an increased staking ratio, both LUNC and USTC are experiencing price resistance. The LUNC price is struggling to gain upward momentum, with recent trading volume reflecting mixed market sentiment and ongoing challenges in breaking through resistance levels.
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