The Terra Luna Classic community is gearing up

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to execute Proposal 12114, spearheaded by developer Frag, which introduces a new LUNC tax burn distribution mechanism, likely to induce price volatility. This proposal, enjoying overwhelming support with 99.97% votes, aims to allocate 10% of the tax burn to the Oracle pool, fostering staking expansion. It seeks to adapt the tax burn distribution based on the conditions outlined in Proposal 12098. The implementation of the new distribution logic will undergo unit testing and coordination on the mainnet via the ante handler. Scheduled for completion within 56 hours, at a cost of 3600 LUNC, this proposal anticipates a reduction in immediate block rewards for users, offset by augmented long-term staking rewards. Notably, the LUNC price observed a 5% decline in the past 24 hours amidst these developments.