{"id":81005,"date":"2024-06-11T13:21:07","date_gmt":"2024-06-11T17:21:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81005"},"modified":"2024-06-11T13:21:10","modified_gmt":"2024-06-11T17:21:10","slug":"terra-luna-classic-considers-new-lunc-burn-tax-price-expected-to-decline","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/terra-luna-classic-considers-new-lunc-burn-tax-price-expected-to-decline\/","title":{"rendered":"Terra Luna Classic Considers New LUNC Burn Tax, Price Expected to Decline"},"content":{"rendered":"\n

Terra Luna Classic community <\/a>votes on proposal for revised LUNC burn tax distribution, following prior approval in April.<\/p>\n\n\n\n

\"Terra
Terra Luna Classic Considers New LUNC Burn Tax, Price Expected to Decline<\/figcaption><\/figure>\n\n\n\n

The Terra Luna Classic community has initiated a vote on a critical proposition to implement a revised LUNC burn tax distribution.<\/p>\n\n\n\n

This pay-per-job (PPJ) proposal is seeking the approval of community members and validators to proceed with the modifications outlined in proposal 12098, which was previously passed by the Terra Classic community in April.<\/p>\n\n\n\n

Frag, a well-known developer, has submitted text proposal 12114 to the PPJ in order to implement the burn tax distribution modification that was approved by the Terra Luna Classic community.<\/p>\n\n\n\n

The developer intends to commence work on revising the burn tax in order to implement the Oracle Pool Split in accordance with the conditions outlined in Proposition 12098.<\/p>\n\n\n\n

The community strictly adheres to the 0.5% burn levy in Terra Classic<\/a>. Out of this, 80% is designated for incineration, while 20% is allocated as 10% to the Community Pool and 10% to rewards. Per 12098, the 20% will be allocated as follows: 10% to the Oracle pool and 10% to the Community fund.<\/p>\n\n\n\n

The following requirements have been established by the developer as part of the implementation plan:<\/p>\n\n\n\n