Breaking News: Terra Luna Classic Community Gears Up for Massive Token Burn!
The Terra Luna Classic community is buzzing with excitement as Terraform Labs (TFL) prepares to burn a significant portion of USTC and LUNC tokens. This comes in response to the Chapter 11 bankruptcy proceedings and court order in the U.S. SEC case.
While the exact amount remains uncertain, estimates suggest over 1 billion USTC and 275 billion LUNC could be burned!
Validators and community members are actively discussing strategies to maximize the burn, including proposals to migrate Mirror Protocol and Anchor Protocol contracts to new code.
What do you think about this potential burn? How will it impact the future of Terra Luna Classic? Let's discuss!
