📢 Major Update: A fresh transformation for Terra Classic is now officially underway! With the approval of Proposal #12109, the network has entered a powerful new phase, echoing the legendary rebirth of the Phoenix!
🔧 Key Upgrades Now Live:
✅ IBC Pathways Reopened:
Terra Classic is now ready for seamless interaction with other blockchains. The reopening of Inter-Blockchain Communication (IBC) channels brings cross-chain connectivity back online — enabling transfers, liquidity, and dApp interaction across multiple networks.
💰 240 Million
$LUNC Allocated for Ecosystem Development:
A strategic fund of 240 million LUNC has been set aside to attract and support developers. This budget is dedicated to enhancing the dApp environment, encouraging utility-based projects, and driving long-term network value.
🔥 Validator Burn Contribution Increased by Over 35%:
The community burn mechanism has been intensified. Validator nodes will now participate in burning a larger portion of transaction fees, increasing the total burn rate by around 35%, which is expected to steadily reduce token supply and drive deflationary pressure.
📊 Market Impact:
📈 Instant Price Reaction:
Following the announcement, LUNC saw a strong uptick in market activity, jumping by nearly 11% within the same day, briefly touching the $0.000175 mark before experiencing a healthy consolidation phase.
🌐 Ecosystem Response:
The Terra Classic community is showing renewed excitement and optimism. Many are calling this the most impactful upgrade since the ecosystem’s May 2023 recovery.
🔮 What Comes Next?
The project has now entered what many are calling "Phase 2" — focusing on real-world adoption, dApp integration, and deeper participation from both developers and the broader Web3 community. With cross-chain functionality restored and development incentives rolling out, Terra Classic is positioning itself as a revitalized hub for decentralized innovation.
🔥 The Phoenix Rises —
$LUNC Is Just Warming Up!
This is not the end — it's the beginning of a more powerful chapter for Terra Classic. As the ecosystem grows and burns continue, LUNC is aiming for long-term sustainability, utility, and relevance in the evolving crypto space.
🔥 Visual Concept:
Imagine a digital phoenix, its wings ablaze with the LUNC emblem, soaring through streams of blockchain code and illuminated validator nodes. This symbolizes rebirth, utility, and the unstoppable fire of community-driven innovation.
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