IBC Channels Are Going to Be Re-Opened by Terra Classic; Proposal 10983 Was Approved.
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Live Updates from LUNC News (5 December): Even though many people were worried that Binance might take away its LUNC burn mechanism if Proposal 10983 passed, the Terra Classic community voted in favour of it anyway. On December 1, Binance burned almost 6.3 billion LUNC tokens.
December will be very important for Terra Classic because of new ideas and plans. People look for “LUNC for $1.”
The latest news from LUNC
5:33 PM | DEC 05 2022
The price of Terra Classic goes up by over 12% in a week.
The price of Terra Classic is $0.000176. The price has gone up almost 2% in the last 24 hours and more than 12% in the last week. The community’s goal is $1, but people who have a lot of power think that $0.001 is possible.
5:31 PM | DEC 05 2022
IBC Channels to Cosmos Will Open Again on December 6. On December 6, the IBC channel between Cosmos and Terra Classic will open again. At first, it was thought that the store would open on December 5.
5:16 PM | DEC 05 2022
Proposal 10983 is passed by the LUNC community.
Proposal 10983 has been passed by the Terra Classic community. More than 72% of people who voted on the proposal said “YES.” With this plan, the funding for the community pool will go up to 50%, and Binance might stop using its “burn mechanism.”
Source: Google Trend