The Terra Classic community burned more than 16 million lunch tokens in a week to increase the burn rate. To ensure the combustion rate, the Terra Classic verifier and project aims to incinerate billions of Terra Classic (LUNC) by 2023. So far, the Terra Classic community has burned 37.717 billion LUNC tokens.
The Terra Classic community has already moved fully to igniting more Terra Classic (LUNC) tokens to make up for smaller burns in December and Binance reduced the LUNC Kindle dedication to 50%.
The community burned 16 million lunch coins in a week, an increase in the burn rate compared with 12 million last week. The vast majority of the burned Mid-Autumn Festival mooncakes came from certifiers, in which 2.63 million Luna Dao and 4.78 million Luna 88 stations were burned.
Luna 88 delayed the 1/3 commission for normal incineration by a week, due to community application according to Proposition 11242. It reduces the need to re-forge LUNC after burning and sets the seigniorage incentive policy to zero.
In addition, Duncan, a former Terra Rebels real estate developer, burned 6 million lunch tokens in several transactions. Key developers Edward Kim, Tobias "Zaradar" Anderson and Duncan are members of the development and design working group Terra Rebels, who chose to leave because of a financial dispute with the team.
The Terra Classic community has recently passed two key proposals to increase the burning rate of lunch. Proposals 11242 and 11243, while effectively increasing the burn rate, reduced contributions to community swimming pools.
In addition, TFL's interlink station has enhanced its strong support for LUNC. At this stage, the space station is suitable for Luna, LUNC, Omosis, Juno, Kujira, Carbon, editor and Cresent Chain.
Terra Classic gradually carried a massive rebound in January. However, it was unable to keep up with the increase and fell below $0.00015.
At the time of writing, the price for lunch was $0.000165. The 24-hour bottom and higher are $0.000158 and $0.000179, respectively. In addition, trading volume has increased by 50% in the past 24 hours, indicating an increase in enthusiasm among foreign exchange traders.
Please also refer to: has the Bitcoin market really stopped falling? Use these to determine the bottom of the sales market.
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Tue, 18 Apr 2023