Terra Classic

Ignite

Terra

Phoenix

<ul>
 <li><strong>Terraform Labs’ upgrade and significant token burn aim to reduce LUNA’s supply, potentially driving a price rally.</strong></li>
 <li><strong>As Terraform Labs exits, the community’s role will be crucial in sustaining the Terra blockchain’s momentum and price growth.</strong></li>
</ul>
<p>In line with the most recent CNF <a href="https://www.crypto-news-flash.com/terraform-labs-final-upgrade-unveiled-proposal-4818-closes-the-chapter-amid-sec-settlement/" rel="noopener noreferrer nofollow">post</a> on Terraform Labs’ Final Upgrade Unveiled, it was revealed that Proposal 4818 closes the chapter amid <a href="https://www.crypto-news-flash.com/sec-wants-102-6m-after-ripples-terraform-labs-letter/" rel="noopener noreferrer nofollow">SEC settlement</a>, according to Terraform Labs’ proposal. This major governance upgrade for the Terra blockchain has sparked discussions within the crypto community.</p>
<h2 id="terraform-labs-final-upgrade-could-boost-luna-and-lunc-prices">Terraform Labs’ Final Upgrade Could boost LUNA and LUNC prices</h2>
<p><a href="https://ping.pub/terra/gov/4818" rel="noopener noreferrer nofollow">The TFL’s governance proposal</a>, known as Proposal 4818, began on August 22 and will conclude on August 29. This potential final upgrade under Terraform Labs’ direct oversight includes critical changes such as a significant token burn, a 5% minimum commission rate for validators, and the removal of blacklist functionality. With strong community backing, these updates aim to reduce LUNA’s supply and resolve past issues, possibly sparking a price rally for LUNA and LUNC.</p>
<p>As Terraform Labs steps back, the Terra blockchain’s future will depend on community-driven efforts like the Phoenix Directive. While LUNA and LUNC prices have dipped recently, <a href="https://www.crypto-news-flash.com/ripples-legal-expert-analyzes-secs-victory-against-terraform-labs-luna-implications-for-the-xrp-case/" rel="noopener noreferrer nofollow">optimism</a> remains high for a potential price rally following the token burn.</p>
<p>Currently, according to CoinMarketCap, Terra Classic (LUNC) is trading at <strong>$0.00008214</strong>, having declined by <span style="color: #ff0000;"><strong>3.53%</strong> </span>in the past day and surged by <span style="color: #008000;"><strong>2.63%</strong></span> in the past week. See the LUNC price chart below.</p>
<p><span data-sheets-root="1"></span></p>
<div class="cryptoboxes" id="mcw-431029" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="terra-luna" data-symbol="LUNC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Terraform Labs’ Upgrade and Token Burn Could Ignite LUNA and LUNC Price Rally—Here’s Why

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