The native token of the old Terra network is attempting to make a strong comeback from the dead.
Despite the dramatic sell-off of Terra ecosystem tokens, LUNC has managed to rally along with the crypto market favoring the upside.
The proposal essentially seeks to carry out a 1.2% token burn tax on all transactions in a bid to transform LUNC into a deflationary asset.On the other hand, if the proposal fails to see the light of the day, the new dev team of the ecosystem – Terra Rebels – will offer an unofficial website, desktop app, and mobile app to facilitate tax burns., stated that its services related to LUNC and USTC will remain unaffected if the community chooses not to approve the proposal.
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