The Terra Luna Classic community has just agreed to implement a new tax management proposal that will simplify the tax system! 🚀 They are rolling out a “Reverse Charge” mechanism that makes it easier to calculate taxes on transactions before the money is sent to the recipient’s wallet. 💰 This will definitely benefit developers and users because they no longer need to deal with additional taxes. 😌
One of the main advantages of this system is that it eliminates double taxation for smart contracts! 🛠️ Previously, taxes were levied on both sending and receiving, which made costs even higher. 😩
This new tax proposal is also in line with efforts to reduce the total supply of LUNC and increase its value through token burning initiatives. 🔥 Binance has just burned 1.048 billion LUNC tokens, bringing the total burn to around 137 billion! 😲
The Shuttle Bridge shutdown also raises the community’s hopes for the future of LUNC. 🕊️ One of the community members said that they are ready to adapt when the token burn for the bridge occurs. 🤞
With these steps, the Terra Luna Classic community hopes to support the stability and development of the LUNC ecosystem in the future. 🌱
