{"id":134586,"date":"2024-07-31T19:00:55","date_gmt":"2024-07-31T16:00:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134586"},"modified":"2024-07-31T14:50:15","modified_gmt":"2024-07-31T11:50:15","slug":"debate-heats-up-over-terra-luna-classic-burn-tax-increase","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/debate-heats-up-over-terra-luna-classic-burn-tax-increase\/","title":{"rendered":"Debate Heats Up Over Terra Luna Classic Burn Tax Increase"},"content":{"rendered":"<p>This proposal has sparked debate, with some fearing that major exchanges like Binance might suspend the burn mechanism if the tax rate is raised.<\/p>\n<p>Validator JesusisLord has put forward the idea of tripling the burn tax rate. He also suggests that the current rate should remain until the total LUNC supply reaches 10 billion, aligning with the original burn targets.<\/p>\n<p>The proposed increase would triple contributions to both the community and oracle pools, enhancing long-term staking rewards.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-134547\" href=\"https:\/\/cryptodnes.bg\/en\/cardano-founder-makes-a-bold-accusation-against-ethereum\/\" title=\"Cardano Founder Makes a Bold Accusation Against Ethereum\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cardano-16-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Cardano Founder Makes a Bold Accusation Against Ethereum<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>However, the proposal hinges on the successful implementation of the Tax2Gas feature, expected to launch in August. Without this, the proposal won\u2019t proceed to a governance vote.<\/p>\n<p>Recent market data shows a 3% decline in LUNC\u2019s price and a 4% drop in USTC, with trading volumes also decreasing significantly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Terra Luna Classic community is considering a substantial increase in the burn tax, potentially raising it from 0.5% to 1.5%.<\/p>\n","protected":false},"author":3,"featured_media":50345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,23],"tags":[426,108],"coin_category":[],"class_list":["post-134586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-blockchain","tag-binance","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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