The Terra Luna Classic community has just agreed to implement a new tax management proposal that will simplify the tax system! ๐ They are rolling out a โReverse Chargeโ mechanism that makes it easier to calculate taxes on transactions before the money is sent to the recipientโs wallet. ๐ฐ This will definitely benefit developers and users because they no longer need to deal with additional taxes. ๐
One of the main advantages of this system is that it eliminates double taxation for smart contracts! ๐ ๏ธ Previously, taxes were levied on both sending and receiving, which made costs even higher. ๐ฉ
This new tax proposal is also in line with efforts to reduce the total supply of LUNC and increase its value through token burning initiatives. ๐ฅ Binance has just burned 1.048 billion LUNC tokens, bringing the total burn to around 137 billion! ๐ฒ
The Shuttle Bridge shutdown also raises the communityโs hopes for the future of LUNC. ๐๏ธ One of the community members said that they are ready to adapt when the token burn for the bridge occurs. ๐ค
With these steps, the Terra Luna Classic community hopes to support the stability and development of the LUNC ecosystem in the future. ๐ฑ