Terra Classic LUNC Binance News: Following the passing of proposals on Binance burn, the Terra Classic LUNC community set the stage for a potential rally in the days ahead. Binance had earlier made feature requests for the burn starting from March 1, 2023. The Binance LUNC burning would help the community’s cause to reduce the cryptocurrency’s supply. Meanwhile, traders believe the Binance burn would help boost LUNC price.
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Earlier, CoinGape reported that Binance requested that the internal movement between Binance owned wallets be exempt from the burn tax. Although the internal transfers to these wallets are exempted, external transfers to and from the wallets will still be taxed. The Terra Classic proposal also involves no-reminting of the burn wallet as part of the optional features in the next release. With the proposal received overwhelming support from the community, the changes will be made accordingly to init
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