๐ข 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!
๐ง Key Upgrades Now Live:
โ 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 โ enabling transfers, liquidity, and dApp interaction across multiple networks.
๐ฐ 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.
๐ฅ 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.
๐ Market Impact:
๐ 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.
๐ Ecosystem Response:
The Terra Classic community is showing renewed excitement and optimism. Many are calling this the most impactful upgrade since the ecosystemโs May 2023 recovery.
๐ฎ What Comes Next?
The project has now entered what many are calling "Phase 2" โ 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.
๐ฅ The Phoenix Rises โ $LUNC Is Just Warming Up!
This is not the end โ 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.
๐ฅ 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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