What LUNC investors should know about the ongoing 1.2%-0.2% debate

ambcrypto.com:

The Terra Classic [LUNC] community has been muddled in a debate since a member proposed to have the 1.2% tax burn reduced. Akujiro, a LUNC community member, had initially asked that LUNC reduced that tax burn to 0.2%.

Besides the reduction, he proposed that LUNC should add 10% of the tax profits to the community pool. Recall that some crypto exchanges, including Binance, had confirmed their support for the burn.

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However, the bone of contention changed when Edward Kim, a prominent community member, publicly shared his thoughts on the debacle at hand.

— Edward Kim (@edk208) October 14, 2022

Sharing via his Twitter page, Kim noted that he had carefully analyzed the pros and cons of staying put with the current tax burn. He also noted that he had considered the proposed option.

According to him, decreasing the tax could lead to an uptick in LUNC’s on-chain volume. Additionally, it could help attract new delegations via the help of validators. In his Medium post, Kim said,

“Uptick in volume will be confounded with the unlocking of new utility on the chain and thus may not be accurately measurable with the timing of this proposal.”

The blockchain expert noted that those in favor of the reduction might be doing so because of their bias. On the other hand, Kim stated that the maintenance of the 1.2% tax was also because some community members felt it was too early to change the project course.

He also mentioned that some members felt the community did not have enough data for such a step. To cap it all, Kim concluded that he was in support of the reduction. He also