LUNC $LUNC Soars After Key Community Announcement: Terra Classic Revamp in the Works

๐Ÿšจ The Terra Classic (LUNC)$LUNC community is making headlines again today following a major governance announcement aimed at revitalizing the network. The Terra Classic Development Group (TCDG) confirmed the approval of Proposal 12109, which sets the roadmap for a new smart contract layer upgrade and token burn acceleration plan.

๐Ÿ”ง According to the announcement, the update will:

Enable IBC channels for broader interoperability

Allocate 250M LUNC for ecosystem dApp incentives

Boost the monthly burn rate by 30% through validator integration

๐Ÿ“ˆ Following the news, LUNC saw a 12% intraday spike, briefly trading above $0.00018 before settling.

๐Ÿง  Community Sentiment

Analysts and holders are cautiously optimistic, with many viewing this as the most substantial move since the May 2023 recovery plan. Binance has yet to issue a statement on how this affects trading or staking rewards.

Stay tuned for further updates as the proposal enters Phase 2.

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๐Ÿ–ผ๏ธ Suggested Image Prompt for Illustration:

A digital rendering of a phoenix rising from digital ashes, with the LUNC logo embedded in the wings. Behind it, blockchain nodes pulse with light, representing revival and tech evolution.

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