Terra Classic community votes to reintroduce burn mechanism to the network
The Terra Classic community has voted to approve a proposal to reintroduce the burn mechanism to the network. The mechanism is designed to reduce the supply of LUNC tokens by periodically burning them, thereby increasing their value. The burn mechanism will take effect on July 1, 2024.
Binance announces support for LUNC destruction mechanism
Cryptocurrency exchange Binance has announced support for the LUNC destruction mechanism. Binance will destroy a certain percentage of LUNC tokens from all LUNC transaction fees conducted on its platform. This will further reduce the supply of LUNC and boost its price.
Terra Rebels team releases new roadmap with focus on stablecoins and DeFi
The Terra Rebels team has released a new roadmap outlining the future development plans for LUNC. The roadmap focuses on the development of stablecoins and decentralized finance (DeFi). The team plans to launch a new stablecoin called USTC and build a DeFi ecosystem called Rebel Station.
The community remains optimistic about the future of LUNC
The Terra Classic community remains optimistic about the future of LUNC. The reintroduction of the $$ burn mechanism, Binance’s support, and the new roadmap from the Terra Rebels team have boosted community confidence. Many community members believe that LUNC has the potential for long-term growth.
