Terraform Labs’ Final Upgrade Could boost #LUNA✅ and #LUNC✅ prices
The TFL’s governance proposal, known as Proposal 4818, began on August 22 and will conclude on August 29. This potential final upgrade under #TerraformLabs ’ direct oversight includes critical changes such as a significant token burn, a 5% minimum commission rate for validators, and the removal of blacklist functionality. With strong community backing, these updates aim to reduce $LUNA ’s supply and resolve past issues, possibly sparking a price rally for LUNA and $LUNC .
As Terraform Labs steps back, the Terra blockchain’s future will depend on community-driven efforts like the Phoenix Directive. While LUNA and LUNC prices have dipped recently, optimism remains high for a potential price rally following the token burn.
Currently, according to CoinMarketCap, #TerraClassic (LUNC) is trading at $0.00008214, having declined by 3.53% in the past day and surged by 2.63% in the past week. See the LUNC price chart below.
