Terra Luna Classic Gas2Tax Solution
The Terra Luna Classic community is proposing an increase in the burn tax to 1.5% to revive LUNC and repeg USTC to $1. The aim is to bring back builders on the chain and incorporate the tax into the gas through Tax2Gas, eliminating separate handling and calculation.
However, there is resistance to increasing the burn tax as it could pause the Binance LUNC burn mechanism and discourage projects and developers from returning to the chain.
Despite this, the community believes Tax2Gas is a good solution that will attract builders and improve utility on the chain. The proposal will soon be added for governance voting.
Price Update
The price of LUNC has fallen by 1% in the past 24 hours and 10% in a week, currently trading at $0.000156. The 24-hour low and high are $0.000153 and $0.000161 respectively, with a slight decrease in trading volume.
On the other hand, USTC is trading at $0.0352, experiencing a 3% increase in the last 24 hours. The 24-hour low and high are $0.0335 and $0.0366 respectively.
Hot Take: The Future of Terra Luna Classic
The Terra Luna Classic community is actively working towards reviving LUNC and repegging USTC to $1 by proposing solutions like increasing the burn tax and implementing Tax2Gas. While there are concerns about pausing the Binance LUNC burn mechanism, the community believes Tax2Gas will attract builders back to the chain.
With ongoing efforts to improve utility and governance proposals, Terra Luna Classic has potential for growth and development in the future.
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