CandleFocus LUNC News: Orbit Labs Pushes for Forked Module Removal and Reverse Charge Tax on Terra Classic
2024-10-17
Author: Content Editor
Orbit Labs has proposed removing forked modules in the Terra Luna Classic (LUNC) ecosystem, which it claims have caused the codebase to diverge and increase maintenance costs. The company also supports a proposal for a reverse charge tax in Terra Classic. Orbit Labs will conduct a review of the proposed tax implementation if it passes governance. Additionally, LUNC's market price has dipped by 2.4% in the past day, with a surge in trading volume. Finally, there is anticipation for a future burn event that will decrease the total supply of LUNC coins by almost 5%.
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