Hello, welcome today We have news about Cryptocurrency. Binance Terra Luna Classic May Stop Burning! / Lunc Coin Last Minute / Crypto Analysis I prepared it, have a good time :) None of the videos published on the channel are INVESTMENT ADVICE!!! You are responsible for your investments, gains, and losses. The world's largest crypto exchange Binance has done its part for the Terra Classic community by burning transaction fees on LUNC spot and margin trading pairs. However, as Proposal 10983 proposed to increase the community pool from 10% to 50%, it left the community to choose between either burning or benefiting. Most believe the offer will make Binance cancel the LUNC write mechanism. The Terra Classic community is currently voting on Proposal 10983 "Parameter Change: Increase RewardPolicy rate_min to 0.5". The proposal aims to fund the community pool with 50% of the 0.2% incineration tax instead of 10% for on-chain development. The developers and some validators believe the proposal will help fund large, capital-intensive projects through community spend proposals. It will help bring the benefit back to the Terra Classic blockchain. Terra Classic core developer and Terra Rebels member Tobias Andersen claims that the fastest way to reduce LUNC supply is to encourage on-chain activity, re-enable swaps, and impose lower write fees. The Terra Classic community did indeed accept Proposal 5234 to reduce the incineration tax from 1.2% to 0.2% and fund the community pool with 10% LUNC incineration at the end of each epoch. Developers believe that dApps, whales and other projects will burn more LUNC tokens. However, the reduction of the incineration tax did not increase LUNC trading volume as previously expected. The community, on the other hand, believes that Proposal 10983 will "CZ" the Binance CEO to cancel the LUNC write mechanism. Binance is burning trading fees on LUNC spot and margin trading pairs for its contribution to the community. Binance burned over 20 billion LUNC tokens in just 2 months. Meanwhile, the community, other exchanges and projects have burned 15 billion LUNC tokens. A member of Terra Rebels announced in a tweet that the group has spoken to Binance regarding Offer 10983. Terra Classic price jumped 17% after Binance burned 6.39 billion LUNC tokens by sending them to the burn address on Dec. Please don't forget to subscribe to my channel and turn on notifications to receive daily news about what's happening in the world of cryptocurrencies, bitcoin price, crypto price, ethereum price, altcoins price, bitcoin mining, breaking bitcoin, bitcoin news and more. What's the new video? write in the comment section. For communication and sponsorship meetings with us: [email protected] Youtube LABEL , bitcoin , bitcoin live , bitcoin price , bitcoin mining , bitcoin today , how to mine bitcoin , what is bitcoin , how to buy bitcoin , bitcoin news , bitcoin price prediction , bitcoin news today , crypto , cryptocurrency , cryptocurrency news , crypto news , crypto news today , more crypto online , crypto banter , what crypto to buy now , luna crypto news today , ethereum crypto news today , all crypto news today , dogecoin crypto news today , baby dogecoin , how to mine dogecoin , dogecoin millionaire , ethereum news , ethereum news today , ethereum price prediction , what is ethereum merge , ethereum merge , how to bitcoin , how to bitcoin mining , how to altcoins mining , dogecoin miningMore Info