Terra Classic ($LUNC) is back in the spotlight, with a groundbreaking proposal from OrbitLabs that promises to reshape its ecosystem. Here's the latest:
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đ ïž OrbitLabs' New Proposal Overview
The proposal aims to:
1. Review the Reverse-Charge Tax Mechanism introduced by Proposal 12143.
2. Test the Interchain Fix from SDK 0.47, crucial for enhancing Terra Classic's interchain operations.
Proposal 12143 Highlights:
Reverse-Charge Mechanism:
Simplifies tax handling by deducting the tax directly from the transaction amount before it reaches the recipient.
Eliminates the need for senders to pay tax as an additional fee, streamlining transactions.
This update replaces the tax2gas approach, making LUNC transactions more efficient and user-friendly.
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đĄïž Previous Proposals by OrbitLabs
OrbitLabs has been actively contributing to the Terra Classic ecosystem:
Removing outdated Cosmos modules.
Enhancing security protocols.
Streamlining ecosystem updates to align with modern blockchain demands.
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đ LUNC Performance at a Glance
Current Price: $0.00014505 (up 9.39%).
The proposal has fueled optimism in the LUNC community, with renewed enthusiasm for potential long-term growth.
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đ Community Buzz
#LUNCArmy is excited, with many believing this proposal is a step toward revitalizing the Terra Classic ecosystem. Here's what they're saying:
User-24045: "Cool đ"
crypto madness 64: "$LUNC to the moon đđ"
SandroCripto: "Now, yes, true information, nothing fake."
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đ Why This Matters for Terra Classic
Streamlined Transactions: The reverse-charge mechanism simplifies user experience and fosters broader adoption.
Stronger Ecosystem: OrbitLabsâ proactive contributions enhance Terra Classicâs security and interoperability.
Bullish Sentiment: Updates like these inspire confidence, drawing new investors and retaining loyal supporters.
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