🚀 Terra Luna Classic Revival Plans: A New Hope for LUNC?🚀
The Terra Luna Classic (LUNC) community is rallying to restore the value of USTC, the once-stablecoin of the Terra ecosystem, aiming to bring it back to its $1 peg. This ambitious move could significantly impact the price of LUNC, and the community is doubling down on their commitment.
To incentivize innovation, a $250,000 reward is on the table for developers who can devise robust solutions to re-establish and maintain USTC's $1 peg. The reward might even surpass $1 million, underscoring the gravity of this mission. Developers will submit their strategies for community review and voting, ensuring that the chosen solutions are both secure and effective.
In addition, there's a proposal to boost the tax burn rate from 0.5% to 1.5%, a strategy introduced by Terra Classic validator JesusisLord. This increase aims to reduce the LUNC supply to 10 billion tokens by continuously burning excess coins. If successful, these combined efforts could drive LUNC's price upward and rejuvenate its value.
The Terra Luna Classic community's bold initiatives could pave the way for a substantial rebound in LUNC's fortunes. Stay tuned for updates!
