Terra Luna Classic Important Development / Lunc Coin Last Minute / Crypto Analysis
1 year ago
Terra Classic
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Terra Classic now has 130 validators.
The Terra Classic network populated the active validator set with 130 validators.
Network validator and influencer Classy announced this in a tweet today. According to Classy's statements, the network clinches this milestone for the first time since the ecosystem collapsed in May.
As a result, if a validator is unregistered, it can be changed in the active list. Therefore, to become a Terra Classic validator it is necessary to attract more than 8,888 LUNC delegations per data from LUNCPenguins; this shows the amount of LUNC assigned to the last validator in the active list.
As a result, it will become necessary for validators to actively contribute to the community in order to protect their stake. The new milestone could lead to an increase in LUNC burns as the validators campaign for delegations. It's worth noting that as the community tries to reduce the supply of LUNC, burning LUNC is currently one of the easiest ways to gain community support.
At least 6 of the top 25 LUNC burners are validators. For example, the top LUNC validator Allnodes is LUNC's 7th highest burner with 169.6 million LUNCs burned, while the 4th-ranked LUNC DAO is LUNC's 5th highest burner with 398.2 million LUNCs burned.
Allnodes has committed to burning LUNC by the end of 2022, while LUNC DAO has pledged to continue burning LUNC to the end. As reported by The Crypto Basic, both platforms are burning LUNC weekly.
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