Terra Luna Classic Set To Implement Tax2Gas and End $LUNC Burn Tax?
#TerraLunaClassic developer group #GenuineLabs proposes to go ahead with the Tax2Gas implementation, removing the need for separate handling and calculation of tax. The move comes in response to the Tax2Gas approach for #TerraClassic chain suggested earlier by popular developer StrathCole and Genuine Labs.
Tax2Gas will incorporate the tax into the gas and remove the need for separate handling and calculation. The proposal aimed to increase the on-chain tax rate to 1.5%, which brings back to the original 1.2% burn tax, with 0.3% to fund the chain by the current on-chain 80/20% tax split.
