Terra Luna Classic Community Rejects 8 Mln USTC Burn Proposal
The Terra Luna Classic community has rejected three proposals to burn USTC from the community pool, including a recent proposal to burn 8 million USTC directly from the pool. The community believes the funds should be used for development purposes and liquidity support in projects. The rejection of the burn proposals comes amid renewed discussions about burning 800 million USTC from the Risk Harbor Multisig Wallet, which has been blacklisted. The LUNC price has fallen 22% amid a market-wide selloff, but trading volume has increased by 50% in the last 24 hours.
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