Hello, welcome today We have news about Cryptocurrency. Will Terra Luna Classic Combustion Tax Re-issue 1.2%? /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. Terra Classic Community Discusses Proposal to Temporarily Increase On-Chain Taxes. The proposal to raise the Terra Classic on-chain tax to 1.2% once again has sparked controversy within the Terra Classic community. The Terra Classic community is currently considering a proposal to temporarily increase the on-chain tax to 1.2% before the reopening of Inter Blockchain Communication to take advantage of the projected increase in on-chain transactions. It's worth noting that the network is set to reopen IBC channels on December 5th as the community waits for the proposal to pass. In particular, the new tax proposal with ID 10960 has already passed the management vote. However, it faces stiff resistance from developers and popular validators who believe it will only harm the chain, according to a tweet from Classy, ��a community influencer and validator who opposes the proposal. It's worth noting that in September the Terra Classic community implemented a tax parameter change that created a 1.2% chain-burning tax to reduce the supply of Terra Luna Classic (LUNC). But the community quickly realized that while on-chain volumes were falling rapidly, the tax was unsustainable and detrimental to on-chain development. As a result, he voted to lower this tax parameter to 0.2% in October. Now, the author of the latest proposal to set the parameter back to 1.2% argues that the temporary change will allow the network to maximize burns due to increased volumes from locked liquidity in Osmosis when IBC channels reopen. Meanwhile, other advocates seem to have lost their patience with the developers, claiming they have yet to see the promised benefit while burn rates have dropped significantly. Therefore, these advocates believe that the only way to go is to raise taxes. 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 miningข้อมูลเพิ่มเติม