Terra Classic Community Passes Crucial Proposal, Is LUNC Price $0.0005 Next?

The Terra Classic community has passed Proposal 11111 to repeal Proposal 10983 and support its largest LUNC burn contributor crypto exchange Binance. The proposal will bring back 10% remint from the 0.2% burn tax and add to the community pool, instead of 50% remint. Terra Classic core developer Edward Kim opposed Proposal 10983 as it could end the LUNC burn mechanism by Binance.