Terra Developers Announce Terra Classic’s Biggest Challenge!

Terra developers, Terra Classic’s (LUNC) He explained that the biggest challenge he may face in the interim period will be incentives.

LUNC, the Token of the Ancient Terra Chain Named Terra Classic, Continues to Get Interest

On-chain analytics company to Santiment by, LUNC Related keywords rank high in search trends.

The biggest challenge LUNC will face in the coming months will be to clarify the incentive issue.

LUNC is back on the agenda after the latest rally with the reveal of the 1.2% tax burning plan.

However, gains were reversed as investors took profits in the following days.

Prices for Terra (LUNA) and LUNC fell as a South Korean court issued arrest warrants for the network’s founder, Do Kwon, and four others on Wednesday.

Terra’s founder is also backed into a corner as a request to have his passport revoked has been sent to the foreign ministry.

Will Chen, a former developer at Terra, believes a bigger challenge lurks for Terra Classic.

LUNC and USTC The 1.2% tax burn is expected for Terra Classic block height of 9,475,200 and will be implemented on September 21.

Binance has announced that users of LUNC and USTC will merge their deposits into Binance hot wallets.

In addition, Binance stated that once the tax burning process begins, it will be subject to a 1.2% tax burning fee by the LUNC network.

It was stated that, in addition to the withdrawal fees for LUNC and USTC, the minimum and maximum withdrawal amounts will be adjusted accordingly.

*Not investment advice.

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