Terra Luna Classic Considers Raising LUNC Burn Tax to 1.5%
• The Terra Luna Classic community is debating a proposal to increase the LUNC burn tax from 0.5% to 1.5% as part of the burn tax distribution and Tax2Burn initiative.
• Validator JesusisLord suggests maintaining the burn tax until the LUNC supply hits 10 billion, aligning with the community’s initial goals.
• The proposed tax increase, pending the Tax2Gas implementation, would triple contributions to the community and oracle pools, potentially accelerating LUNC and USTC burns.
• The community is divided; while some believe the higher tax could boost token value, others worry about losing major exchange support, which could harm liquidity and trading volume.
Notably, the LUNC price recently dipped 3%, trading at $0.00008094, amid a market-wide selloff. The outcome of this proposal could significantly impact the future of Terra Luna Classic and its ecosystem.
As the community awaits the Tax2Gas implementation, the decision on the burn tax rate could shape the trajectory of Terra Luna Classic in the coming months.
