Voting opens today for a major proposal on the Terra Classic chain.
OrbitLabs proposes to review and assist with the testing of approved proposal #12143, "Reverse Charge" mechanism for simplified tax handling.
This proposal seeks approval to implement the “reverse charge” mechanism on Terra Classic and replace the tax2gas approach. The reverse charge solution simplifies tax handling by automatically deducting the tax from the amount sent before it reaches the recipient’s wallet, eliminating the need for the sender to pay the tax as an additional fee. The system maintains full backward compatibility and gives developers an option to continue using sender-side taxation for fund transfers if they choose. The approach also solves the double taxation issue on contracts that is present in the current system.
So far this month there have been 2 important updates on the chain.
This added to the decrease in supply due to the closure of the bridge.
It is very clear to us that this project is becoming more consolidated every day with updates and decreasing supply every hour.
You don't have to be a mathematician to understand that higher demand = higher price
This added to the fact that the supply decreases with the network tax, monthly binance burns, burns by users who support the network.
It's a good time to buy lunc and let the years drive up the price.
This is a long-term project where with a small investment you can retire for the rest of your life.
We remain firm, burning and buying money every day.
