Tax2Gas
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Terra Luna Classic Approves Game-Changing Tax2Gas Upgrade
#LUNA #LUNC #TerraClassicUpgrade #Tax2Gas
$LUNC $USTC
Terra Luna Classic Approves Tax2Gas Proposal
Key Developments
Tax2Gas Approval: The Terra Luna Classic community has approved the much-anticipated Tax2Gas proposal, led by Genuine Labs, which aims to streamline tax calculations on the Terra Classic chain. This could significantly impact the chain’s future and LUNC price.
Strong Community Support
Voting Results: Proposal 12120, "Genuine Labs’s Tax2Gas Implementation," passed with over 65% of validators and delegators in favor. However, top validator Allnodes has yet to vote, adding a layer of uncertainty to the on-chain tax mechanism and LUNC burn.
Debate and Resistance
Concerns: Despite strong support, the proposal faced opposition from some community members, including developer StrathCole, leading to further debate and revisions before final approval.
Impact on LUNC Price
Price Reaction: Following the proposal's approval, LUNC saw a 6% price increase, though trading volume dropped by 11%, indicating cautious trader sentiment. The community remains hopeful that the upgrade will boost utility, burn rates, and potentially push LUNC towards long-term revival, with analysts predicting a rebound to $0.0001.
USTC Gains
Parallel Movement: USTC also saw a 4% price increase, though trading volume showed only a modest rise, reflecting continued market uncertainty.
Conclusion
Potential Revival: The Tax2Gas proposal’s approval could be a turning point for Terra Luna Classic, potentially driving significant price movements and aiding in LUNC’s long-term recovery.
Terra Luna Classic Approves Game-Changing Tax2Gas Upgrade
#LUNA #LUNC #TerraClassicUpgrade #Tax2Gas
$LUNC $USTC
Terra Luna Classic Approves Tax2Gas Proposal
Key Developments
Tax2Gas Approval: The Terra Luna Classic community has approved the much-anticipated Tax2Gas proposal, led by Genuine Labs, which aims to streamline tax calculations on the Terra Classic chain. This could significantly impact the chain’s future and LUNC price.
Strong Community Support
Voting Results: Proposal 12120, "Genuine Labs’s Tax2Gas Implementation," passed with over 65% of validators and delegators in favor. However, top validator Allnodes has yet to vote, adding a layer of uncertainty to the on-chain tax mechanism and LUNC burn.
Debate and Resistance
Concerns: Despite strong support, the proposal faced opposition from some community members, including developer StrathCole, leading to further debate and revisions before final approval.
Impact on LUNC Price
Price Reaction: Following the proposal's approval, LUNC saw a 6% price increase, though trading volume dropped by 11%, indicating cautious trader sentiment. The community remains hopeful that the upgrade will boost utility, burn rates, and potentially push LUNC towards long-term revival, with analysts predicting a rebound to $0.0001.
USTC Gains
Parallel Movement: USTC also saw a 4% price increase, though trading volume showed only a modest rise, reflecting continued market uncertainty.
Conclusion
Potential Revival: The Tax2Gas proposal’s approval could be a turning point for Terra Luna Classic, potentially driving significant price movements and aiding in LUNC’s long-term recovery.
#MarketSentimentToday #Write2earn
Terra Luna Classic’s Tax2Gas Upgrade Nears Completion
#TerraLabs #LUNC #Tax2Gas
$LUNC $LUNA $USTC
Terra Luna Classic (LUNC) developers are close to finishing the highly anticipated Tax2Gas upgrade, aimed at improving network performance and potentially boosting LUNC prices. The exact release date remains unclear as testing continues on the rebel testnet.
What is the Tax2Gas Upgrade?
Developed by Genuine Labs, the upgrade will automate the burn tax calculation for contract developers, simplifying dApp deployment on Terra Luna Classic. Despite internal delays, most of the work is now complete.
Will LUNC and USTC Prices Recover?
LUNC's price is down 2% in the last 24 hours, trading at $0.00007537, with USTC also falling by 3%. While both tokens are struggling, the Tax2Gas upgrade could lead to a price rebound as it improves the ecosystem's efficiency.
Conclusion
With the Tax2Gas upgrade nearing completion, Terra Luna Classic is set for a network boost that could positively impact LUNC and USTC prices.
Terra Luna Classic’s Tax2Gas Upgrade Nears Completion
#TerraLabs #LUNC #Tax2Gas
$LUNC $LUNA $USTC
Terra Luna Classic (LUNC) developers are close to finishing the highly anticipated Tax2Gas upgrade, aimed at improving network performance and potentially boosting LUNC prices. The exact release date remains unclear as testing continues on the rebel testnet.
What is the Tax2Gas Upgrade?
Developed by Genuine Labs, the upgrade will automate the burn tax calculation for contract developers, simplifying dApp deployment on Terra Luna Classic. Despite internal delays, most of the work is now complete.
Will LUNC and USTC Prices Recover?
LUNC's price is down 2% in the last 24 hours, trading at $0.00007537, with USTC also falling by 3%. While both tokens are struggling, the Tax2Gas upgrade could lead to a price rebound as it improves the ecosystem's efficiency.
Conclusion
With the Tax2Gas upgrade nearing completion, Terra Luna Classic is set for a network boost that could positively impact LUNC and USTC prices.
