LUNC ($LUNC) Surges Following Major Terra Classic Upgrade Announcement
🚨 The Terra Classic community is back in the spotlight after a pivotal governance decision aimed at breathing new life into the network. The Terra Classic Development Group (TCDG) has officially confirmed the passage of Proposal 12109, laying out a bold roadmap for a smart contract layer overhaul and an accelerated token burn strategy.
🔧 Key Highlights of the Proposal:
Activation of IBC channels to enhance cross-chain interoperability
Allocation of 250 million LUNC to incentivize ecosystem dApp development
A 30% increase in the monthly burn rate through validator-based mechanisms
📈 In response, LUNC surged 12% intraday, briefly crossing the $0.00018 mark before stabilizing.
🧠 Community Sentiment:
Investor sentiment is cautiously optimistic, with many calling this the most significant development since the May 2023 recovery initiative. As of now, Binance has not commented on potential impacts to trading or staking rewards.
Stay tuned—Phase 2 of the proposal is just around the corner.
🖼️ Image Prompt:
A phoenix rising from glowing digital ashes, wings emblazoned with the LUNC logo. In the background, illuminated blockchain nodes pulse with energy, symbolizing rebirth and technological advancement.