๐ฅ Terra Classic ($LUNC) Enters Full Decentralization Era ๐ฅ
The crypto world just witnessed a major shift: Terraform Labs has officially exited Terra Classic following a court-mandated burn of over 249 billion LUNC tokens. This marks the end of centralized control and the beginning of 100% community ownership.
๐ ๏ธ Governance Now in Community Hands
- Validators and on-chain proposals now steer the project.
- No single entity holds powerโtrue decentralization achieved.
- The upcoming v3.5.0 upgrade (August 15) will reintroduce the Market Module, enhancing LUNC-USTC stability.
โ๏ธ Legal Update: Do Kwon Pleads Guilty
- Do Kwon pleaded guilty to fraud charges in U.S. federal court on August 12.
- He faces up to 12 years in prison, with sentencing set for December 11, 2025.
- Terraform Labs is no longer involved in LUNCโs development or governance.
๐ Investor Sentiment & Market Outlook
- Institutional investors remain cautious, awaiting final legal clarity.
- If regulatory clouds lift, analysts expect:
- ๐ Institutional entry
- ๐ Capital inflows
- ๐ Potential price breakout
๐ฅ Tokenomics & Community Action
- Over 415 billion LUNC burned to date.
- Community-led burn campaigns continue to reduce supply and support price stability.
๐ง Final Thought
Terra Classic is no longer a fallen giantโitโs a community-powered comeback story. With centralized actors removed and governance in the hands of its users, LUNC is writing a new chapter. Whether it becomes a model for decentralized revival or fades into history will depend on how the community navigates this moment.
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