- The LUNC community debates the shortening of the 21-day withdrawal period: This is what the increased acceptance speaks, but critics place more emphasis on stability.
- Binance has burned over 70 billion lunc tokens, which nourishes hope of re-connection to the UStC despite continuing market uncertainties.
The Terra Luna Classic (Lunc) community must decide. Stands at the scabbard. The demand to rethink the stake mechanism is becoming increasingly common. A proposal is circulating to shorten the 21-day waiting time that is necessary to withdraw token, with critics argue that this hinders. The advance that originally came from Crypto News Portal has triggered a heated discussion among investors and validers.
When you stake $ Lunc on the Terra Classic chain and then withdraw these #LUNCs from the stake transactions; a 21-day waiting period is applied.
There are currently 1 trillion LUNCs staked. Reducing the 21-day waiting period will increase the amount of LUNCs staked. This period… pic.twitter.com/uaZxIpHerO
— Crypto News Portal (@TerraNewsEN) March 13, 2025
Over 1 trillion Lunc are currently covered, a significant part of the total amount of 5.44 trillion tokens. The supporters of the reform believe that a shortening of the waiting time to a reasonable extent would make staking more attractive, although no specific time frame was proposed. Some fear that the rigid Lockup policy will prevent new participants from bringing their tokens into the network.
Not everyone is on board. An X user, Vivid BNB, countered the argument and explained that patience is a fundamental part of the Lunc ecosystem:
“Just because the timing takes a long time does not mean that the jack will not achieve its goals.”
Burning Billions: Terra Classics offer battle
In addition to the reforms of staking, the Terra Luna Classic community has focused on reducing the token offer. An estimated 405 billion Lunc has been burned since May 2022 to increase the scarcity and ultimately the price. At the algorithmic stable coin UStC, over 3 billion tokens were also pulled out of circulation.
The burns continue on the Terra Classic chain. The total amount of $ Lunc burned has exceeded 405 billion. The total amount of $ USTC burned has exceeded 3.4 billion.
The supply of #Lunc and #Ustc continues to decrease with the burns, but this does not affect the price. The low… pic.twitter.com/LxJiDbzKR5
— Crypto News Portal (@TerraNewsEN) March 10, 2025
The move of Binance, which has played a crucial role in Lunc’s token-Burn strategy, is led. In its 30th Burn-Batch, the crypto tour has removed 736 million Lunc tokens and thus increased its overall contribution to over 70 billion burned tokens. The stock exchange continues to remove trading fees in connection with LUNC transactions and thus underlines its commitment to revival the project.
Since Binance has burned a total of over 400 billion LUNC, many in the community see this as a step towards a possible re-peggings from UStC-a long-term goal that remains a glimmer of hope for investors. It remains uncertain whether these efforts will lead to a significant price rally, but the determination of the community is undeniable.
Technical overhaul is making progress
The pursuit of improvements goes beyond the insertion and burning of tokens. At the end of October 2024 approved The Lunc community Proposal 12142an initiative that aims to clean the blockchain infrastructure. The proposal focuses on the removal of outdated, mainline modules, the reduction of technical debt and a closer coordination with the Cosmos ecosystem.
The upgrade is carried out in two phases. In the first phase, the consensus engine is updated and the latest security functions from the Cosmos-SDK are integrated. The second phase focuses on the update of the WASMD contract system in order to ensure compatibility with existing smart contracts and at the same time minimize disorders.
These structural improvements are seen as a crucial step to make Terra Luna Classic more sustainable in the long run. Since the cryptom market remains volatile, Lunc’s ability to develop and adapt could decide on the future development of the company.
While the debate about the reform of staking is intensified, the big question is whether the validers are ready to compromise. While some in the community urge greater flexibility, others argue that the current structure maintains the stability of the network and prevents short -term speculation.
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