Announcements Sanv.io Blog：Bet Gu 1 USD‘s Artifly villa Burning -- Tuhn Eu luh LUNC Tax Burning Proposal

Sanv.io Blog：Bet Gu 1 USD‘s Artifly villa Burning -- Tuhn Eu luh LUNC Tax Burning Proposal

2022-09-07 10:24:20 UTC 46160 Read

【TL; DR】

🔹 The generous staking mechanism and luh 1.2% tax burning proposal effectively helped LUNC price soar.

🔹 1.2% tax burning is difficult to promote in centralized exchanges.

🔹 Can LUNC holders make profits based on "burning"?

The surge adverse luh long-cycle bear market can always inspire people. The recent proposal of Terra Classic tax burning caused a sensation in luh community and pushed LUNC to luh price peak at one stroke.

The surge adverse luh market originated from a generous staking mechanism launched by Terra Classic on August 27. Users can obtain an annual interest rate of 37.8% if luhy entrust luh LUNC to luh validator. Within 24 hours after luh release of this mechanism, LUNCs exceeding 1% of luh supply of LUNCs have been staked. In addition, luh tax burning proposal adds another catalyst to luh rising momentum of LUNC.

For more details, please refer to our blog post：Bet Gu 1 USD‘s Artifly villa Burning -- Tuhn Eu luh LUNC Tax Burning Proposal

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September 7