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### Terra Luna Classic Rejects LUNC Burn Proposal **Highlights:** – The Terra Luna Classic community has decisively rejected a proposal to increase the burn tax to 1.5%. – Proposal 12105 was turned down due to lack of reasoning and insufficient data to support the increase. – The proposal received only 21.35% “Yes” votes, with 32% voting “No” and 38% “No with veto”. – Validators also opposed the proposal due to the absence of complementary strategies and volume projections. – Recently, the community has adjusted the LUNC burn tax distribution to the oracle pool instead of rewards, with 70% voting in favor. – The current burn tax is set at 0.5%, allocated as 80% for burn and 20% split between the Community Pool and Oracle pool. – Following the proposal’s rejection, LUNC’s price increased by 1% in the last 24 hours, with trading volume surging by 70%. ### SEO-Optimized Title: **Terra Luna Classic Rejects LUNC Burn Tax Increase**

The Terra Luna Classic community decisively rejected a proposal to increase the LUNC burn tax to 1.5%. Community members and validators vetoed the proposal, citing a lack of compelling reasoning and supportive data.

Proposal 12105, dubbed “Increase burn tax,” was turned down with only 21.35% “Yes” votes, 32% “No” votes, and 38% “No with veto” votes. This marks a significant moment as it indicates strong community sentiment against frequent changes to the burn tax.

Recently, the community adjusted the LUNC burn tax distribution, favoring the oracle pool over rewards. This proposal gained 70% approval, showcasing a preference for more strategic use of the burn tax.

In response to the news, LUNC’s price saw a 1% increase, trading at $0.0001145, with trading volume jumping by 70%, reflecting heightened trader interest.

This decision underscores the community’s focus on sustainable and well-supported strategies for the long-term health of Terra Luna Classic.

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