Terra Classic

Terra Luna Classic community will destroy 800 million USTC tokens meant for Ozone Protocol instead of putting them back into the community pool.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b696445accf24851ad6e20342aac221a.gif" />The Terra Luna Classic community prefers burning 800 million USTC tokens associated with Ozone Protocol rather than returning them to the community pool.In response to a proposal by prominent member Vegas to return the 800 million USTC tokens to the community pool, validators and some members have introduced a counter-proposal.<h3 id="terra-luna-classic-proposes-burning-800-million-ustc-tokens">Terra Luna Classic Proposes Burning 800 Million USTC Tokens</h3>Proposal 11658, titled “Return of Community Funds Not Used,” presented by ex-Terra Rebels developer group member Vegas, is currently up for voting. The proposal highlights the presence of 800 million idle USTC tokens associated with the Ozone Protocol. It aims to return these tokens to the <a href="https://cryptosheadlines.com/terra-luna-classic-community-pool-balance-reaches-critical-level-reports-lunc-news/" rel="noopener noreferrer nofollow">Terra Luna Classic community pool</a> since the project has not been actively following the proposed development plan.Initially, <a href="https://cryptosheadlines.com/south-korea-readies-for-trial-of-terra-co-founder-do-kwon-and-extradition-proceedings/" rel="noopener noreferrer nofollow">Terra co-founder Do Kwon</a> proposed the Ozone protocol and funded it using community pool funds. Although Ozone V1 and Ozone V2 saw high demand for their underwriting capacity, the Risk Harbor team has not fully utilized the intended 1 billion UST (now USTC) funds. Thus, returning the funds to the community pool is suggested. <a href="https://cryptosheadlines.com/terra-luna-classic-community-to-burn-800m-tokens-target-1-for-lunc-and-ustc/" rel="noopener noreferrer nofollow">Read More...</a>

Terra Luna Classic Community to Burn 800M Tokens & Target: $1 for LUNC and USTC

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