📊 Main News and Trends of Terra Classic

1. Network Update v3.5.0

Terra Classic is preparing for the upgrade v3.5.0, which is expected to restore the Market Module. This may enhance stability between LUNC and USTC. This module, if it works, could help balance supply and demand.

The upgrade itself seems to have received support from some validators.

2. Token Burning

The Terra Classic community is actively burning LUNC. According to reports, the "mass" burning continues — this reduces the circulating supply, which may help support the price. Large "batch" burnings are also noted. For example, Binance participates in a monthly burn program.

3. Growth of Staking

In November, there is an increase in LUNC staking — this is a positive sign that more holders want to hold the coin rather than just trade it.

The Terra Classic community is actively discussing possible changes to tokenomics — for example, proposals for token consolidation and supply adjustments. There are ideas for a "restart" or revitalization of the ecosystem: proposals for new stablecoin models (USTC v2) and cooperation with Forex loans.

There is also discussion about upgrading to Cosmos SDK v0.50, which could improve the technical foundation of Terra Classic. #TerraLunaClassic #Burn