The Terra Luna Classic (LUNC) community has approved a critical upgrade that could shape the token's future. The Tax2Gas proposal, developed by Genuine Labs, passed with over 65% validator and delegator support. This upgrade integrates tax handling directly into transaction gas fees, streamlining processes and reducing manual inefficiencies.
Key Benefits of the Tax2Gas Upgrade
- Automated Tax Calculations: Eliminates error-prone manual processes.
- Enhanced Efficiency: Smoother transactions for developers and users.
- Multi-Denomination Support: Handles gas prices for 22 denominations, charging fees only for successful transactions.
👉 How the Tax2Gas upgrade could revolutionize LUNC transactions
Market Impact and LUNC Price Potential
LUNC trades at $0.000071, up 6% in 24 hours, though trading volume dipped 11%. Analysts speculate the upgrade could:
- Short-Term: Push LUNC to $0.0001.
- Long-Term: Fuel a rally toward $1, despite extreme bearish sentiment (Fear & Greed Index: "Extreme Fear").
Challenges Ahead
- Volatility: Influenced by broader market trends.
- Historical Context: All-time high of $119.01** vs. current lows (**$0.00001651).
eToro Delisting Controversy
eToro removed LUNC and LUNA from its platform in July 2024, citing TerraForm Labs' bankruptcy and legal uncertainties. Community backlash highlights:
- Frustration: Perceived unjust impact on investments.
- Calls for Clarity: Demands for resolution from eToro and TerraForm Labs.
FAQ Section
Q: How does Tax2Gas improve Terra Luna Classic?
A: By automating tax calculations and reducing transactional friction.
Q: What’s the realistic price target for LUNC?
A: Short-term: $0.0001; long-term: $1, contingent on adoption and market recovery.
Q: Why did eToro delist LUNC?
A: Due to TerraForm Labs’ bankruptcy and regulatory concerns.
👉 Explore the future of LUNC post-upgrade
Conclusion
The Tax2Gas upgrade marks a pivotal step for Terra Luna Classic, blending technical innovation with community-driven governance. While market hurdles persist, strategic improvements could reignite LUNC’s growth trajectory.
Always conduct independent research and consult financial advisors before investing.