New Development on Terra Luna Classic Front / Lunc Coin Last Minute / Crypto Analysis
1 year ago
Terra Classic
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The Terra Classic network populated the active validator group with 130 validators.
Verifier Roster of LUNC Network Completed.
Network validator and influencer klassy announced this in a tweet today. According to Classy's statements, this is the first time the network has reached this milestone since the ecosystem collapse in May.
With the completion of the active group, it has become more competitive to remain an active Terra classic altcoin validator.
As explained in a YouTube video by HappyCattyCrypto, more lunc stakes are required to be an active validator than the one-hundredth-ranked validator. This is important because only active validators can participate in network consensus and receive rewards. As a result, if a validator is careless, they may lose their place in the active list.
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 validators campaign for delegations.
It's worth noting that burning LUNC is currently one of the easiest ways to unleash community support, as the community strives to reduce the supply of LUNC.
At least 6 of the 25 users who burn the most LUNCs are validators. For example, Allnodes, the largest LUNC validator, is the seventh-highest LUNC burner with 169.6 million LUNC burned, while the fourth-ranked LUNC DAO is the fifth-highest LUNC burner with 398.2 million LUNC burned.
While Allnodes is committed to burning LUNC by the end of 2022, the LUNC DAO has promised to continue burning LUNC forever. While this is not something all validators can afford, there are indications that the trend will continue.
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