Could Shorter Staking Periods Boost Terra Luna Classic Adoption?

Terra Luna Classic (LUNC) is re-evaluating its staking system, with discussions emerging about whether current rules hinder adoption.

A well-known supporter of the project, Crypto News Portal, has brought attention to the issue, arguing that the existing model may not be ideal for attracting new participants. One of the main points of contention is the duration investors must wait before accessing their staked tokens.

Currently, users who stake LUNC face a mandatory 21-day lock-up before they can withdraw their funds. With 1 trillion LUNC already staked out of a total circulating supply of 5.44 trillion, some believe this extended waiting period discourages engagement. A proposal circulating within the community suggests reducing this timeframe to make staking more appealing.

While this idea has gained traction, not everyone agrees that changes are necessary. Some investors believe that patience is essential for the long-term stability of LUNC. One community member, Vivid BNB, argued that a longer staking period encourages commitment rather than acting as a barrier.

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Beyond the staking debate, efforts to lower LUNC’s total supply have been ongoing. Since May 2022, over 405 billion tokens have been burned, alongside the removal of more than 3 billion USTC from circulation.

A significant portion of this burn has come from Binance, which has contributed to eliminating 400 billion LUNC. Many in the community see these measures as an essential step toward stabilizing the ecosystem and working toward the goal of restoring USTC’s value.

Alexander Stefanov