**Terra Classic (LUNC) Surges Over 45% with Approved Proposal 🚀💹**

Terra Classic (LUNC) has experienced a remarkable surge, witnessing a 45% increase from $0.000064 to nearly eliminating a leading zero. Here's the key information behind this bullish rally:

**Driving Factors:**

- LUNC's significant price surge is attributed to the approval of a crucial proposal regarding USTC minting.

- The community voted overwhelmingly in favor of halting USTC minting and reminting by increasing the Tobin tax to 100%.

**Proposal Details:**

- The proposal aimed to disable USTC minting by introducing a Tobin tax of 100% for swaps to USTC.

- The mechanism was initially deactivated during a market crash to prevent swapping between LUNC and other stablecoins through the market module.

**Code Change and Governance Parameter:**

- To fulfill the proposal, a Layer One Task Force (LITF) team enforced a code change introducing a new governance parameter.

- This parameter allows setting a Tobin tax for swaps to USTC, rendering all market swapping and associated coin minting on Terra Classic non-operational.

**Market Impact:**

- The approved proposal led to a surge in LUNC's trading volume, growing from an average of $30 million to over $333 million.

- LUNC's value registered a significant 45% cumulative 30-day performance following the proposal's approval.

The Terra Classic community's strategic decision and governance measures have evidently impacted LUNC's value positively. 🌐📈 #TerraClassic #LUNC #BullishRally #JojoDaily $LUNC