The Terra Classic chain has entered a new era with the v3.3.0 update. The new gas fee system is now operational.
We tested the system by executing swap operations on Terra Station. Now let’s detail it;
We exchanged 420 USTC for 74,047 +372 LUNC. 372 LUNC was automatically sent to the "terra1...kaeqfa" wallet as transaction fees.
This wallet is automatically distributed to 3 wallets;
-80% burn wallet,
-10% to the community pool,
-10% allocated to the staking pool,
▪️ For every transaction you make on the Terra Classic chain, the system will work like this. This greatly improves the efficiency of the chain.
#LUNC and #USTC going to the burn and pool will be more controllable.
Even in a collapsed state, the Terra Classic chain is ahead of many blockchains.
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