Terra Luna Classic Votes On Implementing New LUNC Burn Tax, Price To Fall Further

Terra Luna Classic proposal to implement new LUNC burn tax distribution as approved in an earlier proposal. LUNC price to face selling pressure.

HIGHLIGHTS

Terra Luna Classic community prepares to implement a revised LUNC burn tax distribution.

10% from the tax burn will be distributed to Oracle pool increasing staking.

Developer says it will be completed by mid-July.

This could cause volatile prices initially with LUNC and USTC falling further below key support levels.

LUNC News: The Terra Luna Classic community has started voting on a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal seeks community members and validators’ approval on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in April.