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Auto-Burn and Auto-Withdraw Coming to Terra Classic Staking. Here’s the Significance

The Terra Classic community should be preparing to welcome auto-burn and auto-withdraw to the LUNC staking system as a proposal to introduce the features is set for approval via governance voting.

The proposal tagged 11391 needed approval from the Terra Classic community members to add buttons that enable users to automatically burn their staking rewards on Terra Station at specified intervals, such as daily, weekly, monthly, or yearly.

The proposal, which was summited about a week ago, is targeted at automating burn activities to boost the community effort of drastically reducing the LUNC tokens in circulation.

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