The tax burn rate in the Terra Classic chain has always been a subject of debate.
#LUNC and #USTC The tax burn rate is currently applied as 0.5%. The proposal to increase this rate to 1.5% was not accepted.
▪️The proposal to reduce it to 0.1% was also not accepted. It is said that this proposal was made incorrectly and will be proposed again with a rate of 0.01%.
The most important agenda of the Terra Classic chain is LUNC and USTC burns. We think that a proposal to reduce burns is unacceptable...