Terra Luna Classic Passes Proposal To Burn 800 Mln USTC
Terra Luna Classic Moves Closer to USTC Repeg Proposal 11710 “Directly burn the 800 million USTC” submitted by Vegas is officially passed by the Terra Luna Classic community. Amid the growing consensus among the community members to burn 800 million USTC, a new proposal was put forward to directly burn the tokens. advertisement According to the proposal, signatories of the Ozone reserve wallet should initiate the burning process for the 800 million USTC. This can be accomplished by directly transferring the funds to the Terra Luna Classic burn address. Moreover, proposals 11658 and 11660 passed by the community will become ineffective. Proposal 11658 aimed at bringing back 800 million USTC from the Ozone Protocol reserve wallet to the Terra Luna Classic community. Whereas, Proposal 11660 was a counter-proposal to burn 800 million USTC rather than sending them to the community pool. The community passed both proposals, thus a new proposal was needed to...