The Terra LUNA classic (LUNC) community agreed over the 5234 proposals to reduce the tax burn for on-chain transactions for the LUNC and USTC. The tax is now decreased from 1.2% to 0.2%.
Many major crypto exchanges came together to implement this approved LUNC tax burn. A huge spike in the 24 hour trading volume of USTC was registered after this major decision taken by the Terra LUNC community.
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