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⭕️ Terra Luna Classic Community Rejects Burn Tax Increase Proposal The Terra Luna Classic community made a significant decision. This decision involved increasing the burn tax to 1.5% and was rejected. Community members expressed disapproval of repetitive proposals to change the burn tax, especially increasing it. 🔸 Terra Luna Classic Burn Proposal Rejected According to the information, proposal number 12105 to increase the burn tax was rejected by the Terra Luna Classic community. The proposal was criticized by most voters for lacking logic and being a “lazy effort.” It was noted that this was a text proposal and not a parameter change. Therefore, even if accepted, it would not have changed the tax. The proposal received only 21.35% “yes” votes. The Terra Luna Classic community cast 32% “no” votes and 38% “no with veto” votes, rejecting the vote to revise the burn tax. Validators also voted against the proposal due to the lack of data, complementary strategies, and volume projections to support the tax increase. Recently, the community decided to change the distribution of the LUNC burn tax to the oracle pool instead of rewards. This proposal reached 70% “yes” votes with the support of 37 validators. Following this, the Terra Classic burn tax was set at 0.5%. It was stated that 80% of this would be used for burning, while the remaining 20% would be split into 10% for the Community Pool and 10% for the Oracle Pool. 🔸 LUNC Price Movement The LUNC price continues to trade at $0.0001150 at the time of writing, following a 2% drop in the last 24 hours. The lowest and highest price values in the last 24 hours were $0.0001143 and $0.0001207, respectively. Additionally, there was a 31% increase in trading volume in the last 24 hours, indicating increased interest among traders. Meanwhile, the price of one of the former stablecoins, USTC, continues to move horizontally at $0.02269 following a 1% drop. The lowest and highest price levels for USTC in the last 24 hours were $0.02246 and $0.02377, respectively.
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$LUNC Right time to turn $10 into $1 Million... 2024 Short-Term Forecast: #BTC Our most recent estimate sees the price of LUNC at $0.00012940 at its peak, $0.00011556 on average, and $0.00011109 at its lowest in 2024.Bullish mood is prevalent right now, and by 2025, LUNC might reach $15.44. Long-Term Forecasts: 2025–2050 #EarnFreeCrypto2024 2025: Projected annual high: $0.00027387; projected low: $0.00022890.2030: A range of $0.1945 to $32.95 is anticipated.2040: $116.96 is predicted to be the top price, with a possible minimum of roughly $0.6929.2050: $115.82 is projected to be the greatest price and $2.30 to be the least price. By 2024, the 50-day Simple Moving Average (SMA) is predicted to be around $0.00056991.By the same date, the 200-day SMA predicts an increase to roughly $0.00052980. Keep in mind that these forecasts do not constitute financial guidance. Always get expert advice before
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Rest ur hand if u stay with #Lunc2TheMoonSoon
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$LUNC LUNC A Revived Legacy Coin with Speculative Redemption Possibility(LUNC) is essentially a remnant of the original Terra blockchain that persisted under a new name after the major collapse of the Terra ecosystem in May 2022. Originally known as LUNA, the token was renamed Luna Classic , and a new blockchain called Terra version 2.0 was created, which includes a new version of the LUNA token Regarding its reputation as a "dirty coin", it has been criticized for its inherent design flaws, particularly its reliance on an algorithmic stablecoin (UST) which has proven unstable. This instability, coupled with the currency's rapid decline in value during the crash, has led many in the cryptocurrency community to view it with suspicion. Critics believe that the reliance on mechanisms to stabilize speculation and the severe influence on investors contributes to its negative perception. They are now facing a significant decline in activity and growth potential, and are trading mostly based on historical significance rather than intrinsic benefit or innovation in the current cryptocurrency market landscape. People believe that Luna may recover due to active community efforts, such as token burning and management updates. The speculative nature of the cryptocurrency market also plays a role, as traders bet on potential price increases#EarnFreeCrypto2024
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