The latest developments regarding LUNC (Terra Classic) suggest that community and technical upgrades could revive the token. The LUNC community has seen a number of major developments recently. One of the highlights is the implementation of a “burn tax” that aims to reduce the token’s circulating supply. Binance announced that it will be implementing a 1.2% burn tax on LUNC transactions, which has been well-received by the community. Binance also announced that it will be making regular updates regarding these burns.

A major v2.4.2 upgrade to the LUNC network was also approved. This upgrade is expected to make the network more efficient and support the token’s price. As a result, there is hope for a recovery in the LUNC price$LUNC