• Home
  • Crypto Market
  • Terra Luna Community Proposals Approve Burning of 800 Million USTC Tokens while LUNC Staking Ratio Declines
Terra Luna Community Proposals Approve Burning of 800 Million USTC Tokens while LUNC Staking Ratio Declines

Terra Luna Community Proposals Approve Burning of 800 Million USTC Tokens while LUNC Staking Ratio Declines

Recent Community Decisions Shape Terra Luna Future

– Proposal 11658, presented by Vegas, has been approved with a 70.27% vote.
– Vegas advocates for the reintegration of 800 million USTC into the Terra Luna Classic community pool.
– Proposal 11660, calling for the incineration of the 800 million tokens, has gained 82.55% support.
– Even if Proposal 11658 is ratified, Proposal 11660 will take precedence due to its higher vote count.
– Another proposal suggests burning 80% of the funds and allocating the remaining 20% to the community pool, but only 46% of the community agrees.

Staking Confidence Wanes As LUNC Faces Price Challenges

– There has been a decrease in the percentage of LUNC staked in the past 24 hours.
– This indicates a diminished level of trust and confidence in the token’s performance.
– The staking ratio currently stands at 14.92%, reflecting the level of community engagement.
– LUNC is valued at $0.000077, with a 1.3% reduction in price and a 2.7% decline over the past seven days.
– These figures highlight the challenges LUNC faces in the market and their potential impact on investor sentiment.

Hot Take: The Terra Luna community is at a crossroads, with conflicting proposals regarding the handling of USTC tokens. The approval of Proposal 11658 and the support for Proposal 11660 demonstrate diverging opinions on the best course of action. The decline in the staking ratio and the decrease in LUNC’s price further add to the uncertainty surrounding the token’s future. It remains to be seen how the community will navigate these challenges and whether they can regain confidence in LUNC.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

Terra Luna Community Proposals Approve Burning of 800 Million USTC Tokens while LUNC Staking Ratio Declines