Updated
Terra Classic rebirth ?? (LUNC)
After going from almost $100 billion in TVL to around $10-15 million currently, Terra Classic seems to be on the rise again.
The Terra Rebels, a group of former validators wishing to continue on the original blockchain, decided by vote to implement a "burn" (a tax) of 1.2% on each transaction (except when providing or withdrawing liquidity, or stake) in order to go from a supply circulation of 6500 billion LUNC (!!!) ---> to less than 100 billion tokens, hell of a surge!!
Staking has been activated since yesterday, and burn will be activated in mid-September, maybe a little before...
So why not put a small coin in it and play this "Rebirth"?
Technically, no clear trend, normal at the same time for a token which saw its supply multiply by more than 6500 in a few hours ^^
So there could be nice returns, but BE CAREFUL (stay safe, not too much exposed). Peaaace
The Terra Rebels, a group of former validators wishing to continue on the original blockchain, decided by vote to implement a "burn" (a tax) of 1.2% on each transaction (except when providing or withdrawing liquidity, or stake) in order to go from a supply circulation of 6500 billion LUNC (!!!) ---> to less than 100 billion tokens, hell of a surge!!
Staking has been activated since yesterday, and burn will be activated in mid-September, maybe a little before...
So why not put a small coin in it and play this "Rebirth"?
Technically, no clear trend, normal at the same time for a token which saw its supply multiply by more than 6500 in a few hours ^^
So there could be nice returns, but BE CAREFUL (stay safe, not too much exposed). Peaaace
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.