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Terra Classic’s [LUNC] recent success might get you high on investing
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Terra Classic is determined to make a strong comeback and there are many roadblocks ahead. One of those challenges is the inflated LUNC supply due to the excessive minting when LUNA and UST crashed.
The Terra Classic community plans to address this issue through a 1.2% tax burn. And, a new update reveals healthy progress on this front.
Well, one of the developers working on the 1.2% tax burn mechanism has released an update. He revealed that the code for the burn mechanism was successfully tested on testnet.
However, the update did not reveal when the mechanism will be implemented on mainnet.
<p lang=«en» dir=«ltr» xml:lang=«en»>The code is now running successfully on the testnet with the 1.2% burn also included #LUNC #LUNACLASSIC #luncburn pic.twitter.com/0zyo70CeGy—
Read more on ambcrypto.comAbout this in other media
3AC founders reveal ties to Terra founder, blame overconfidence for collapse cointelegraph.com /2 years ago
Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter cryptonews.com /2 years ago
South Korean authorities raid 15 entities linked to Terra collapse: Report cointelegraph.com /2 years ago
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