Major development in Terra Luna: How does it affect the price of LUNC?

The Terra Luna Classic community recently approved a major proposal that has sparked various speculations. According to the update, it focuses on addressing issues related to the approved proposal and stability. Therefore, the sharp movements in the price of LUNC are creating controversy. Also, Binance’s recent LUNC burn was a major factor in the recent upward push of the price.

The recently approved proposal led by BLV Labs aims to improve the governance (GoV) module. The latest update addresses challenges in the Terra Luna Classic blockchain. The main challenge is the proposal creation system on the blockchain, which is currently set at 5 million $LUNC and does not take into account price movements. In other words, when the price of LUNC fluctuates, the deposit amount may be too low or too high, which can cause problems in maintaining the value of the proposals.

To prevent this, it is recommended to use the BLV Labs Oracle module. It will help automatically adjust the required deposit amount according to the current price and also provide a fixed value of $500. The development has received positive feedback from the Terra Luna Classic community, which could help the LUNC rally.

The USTC price increased by 3% to $0.01828 after testing $0.01757 in the 24-hour period. On the other hand, the price increased by about 2% to $0.3901.

(Not Investment Advice)

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