$LUNC $USTC $LUNA

Terra Classic's proposal to increase the burning tax is rejected, LUNC and USTC prices react The Terra Classic community has decided to reject proposal No. 12105 to increase the burning tax to 1.5%. The proposal faced opposition from community members, who expressed frustration with repeated efforts to change the burn tax. Community opposition was evident, with only 21 ,35% of voters supported this proposal, while 32% voted “no” and 38% voted “no with veto”. The proposal was rejected without logic and was criticized by the majority of voters as “ lazy effort”. Notably, this is a written proposal and not a parameter change, meaning it would not change taxes even if accepted. Validators also objected to this proposal due to the lack of supporting data, additional strategies, and volume forecasts. Recently, the community decided to modify the distribution of the LUNC burn tax, redirecting it to the pool Oracle instead of reward. This proposal received a 70% “yes” vote, was supported by 37 endorsers, and resulted in the Terra Classic burning tax being set at 0.5%. The allocation of this tax is specified as 80% for burn, 10% for Community Pool and 10% for Oracle Pool.Price movement of Terra Classic (LUNC)According to data from CoinMarketCap, LUNC price is currently at 0 .0001221 USD, after gaining 5.16% in the last 24 hours. The price fluctuated between 0.0001143 USD and 0.000125 USD, indicating a relatively stable trading range. Notably, a 105% increase in trading volume was recorded in the past 24 hours, indicating growing interest among traders.Also, the price of Terra Classic stablecoin USTC, one of the former stablecoins. The price fluctuated between 0.02360 USD and 0.02505 USD, indicating horizontal price movement.#LUNA #Altcoins #bitcoin #lunc