The Terra Classic community is proposing a signaling proposal to raise LUNC and USTC prices to $1 by reinstating the LUNC burn tax to 1.2%, but it may not succeed based on initial voting and sentiment. Another proposal is seeking to increase the LUNC on-chain tax to 1.5%, with 1.2% for burn tax and 0.3% for the community pool, and is asking for the community's help to persuade crypto exchanges to support the burn tax. LUNC price has risen by 1% in the past 24 hours, currently trading at $0.000085, due to Binance LUNC burn and an increase in sentiment from upcoming changes to the chain.
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Terra Classic Community Attempts To Revive LUNC and USTC Prices to $1 Through On-Chain Tax Increase Proposal
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