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Terra Luna Classic Validator Proposes Unique Burn Mechanism To Revive LUNC To $1

source-logo  coingape.com 11 December 2023 18:50, UTC

Terra Luna Classic community burns massive amounts of LUNC tokens to reduce the supply and revive the ecosystem. One of the top validators submitted a proposal to improve the recently implemented dynamic minimum commission (dyncomm) mechanism for validators. It asserts burning LUNC tokens by top validators from the extra commission they earn following dyncomm.

coingape.com