The Terra Luna Classic community has passed the Tax2Gas proposal, incorporating tax into gas fees and simplifying processes for developers. The proposal received 74.91% approval, despite some hesitations about communication and discussions.
This marks a significant step in Terra Classic’s efforts to streamline operations, potentially raising the burn tax to 1.2%. The implementation is expected to drive the LUNC price higher, with community members hopeful it could hit $1 in this bull market.
Genuine Labs will spend 5 weeks on research and development, with a budget of $25,000 in LUNC. LUNC’s price recently jumped 6%, though it has since leveled off. The price currently stands at $0.00009023.
This initiative aims to enhance chain security and simplify tax handling, potentially boosting trader interest and market stability. The long-term importance lies in its potential to increase LUNC’s market value and streamline ecosystem operations.
