đ What LUNC Holders Should Expect on October 30th! đ
On October 30, 2024, $LUNC holders should expect significant developments following the anticipated implementation of the Tax2Gas upgrade. This crucial upgrade aims to automate the $LUNC burn tax calculation, increasing the burn tax rate from 0.5% to 1.5%. This adjustment is part of efforts to improve the blockchainâs economics and is intended to bolster the ongoing burn initiatives that aim to reduce the overall supply of LUNCâ.
The Tax2Gas proposal was approved earlier but faced delays due to internal issues within the development team, which have now been resolved. With the upgrade nearing deployment, many in the $LUNC community are optimistic about its potential impact on the token's valueâ
Additionally, there are expectations surrounding increased trading volume and the overall community's efforts to enhance LUNC's market presence. The reopening of the Shuttle Bridge, which allows users to convert wrapped LUNC back to the original network, could also contribute to more burns and trading activityâ
Stay tuned for updates and prepare for the exciting changes ahead! đ
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