Terra Luna Classic community has turned down another proposal targeting 800 million USTC burn, with a lack of consensus between community members, including validators. Terra Luna Classic Proposal For 800 Million USTC BurnProposal 11927 “Burn of 800m USTC Funds” is near rejection by the Terra Luna Classic community, with the voting deadline ending on Dec 27. As the Terra Luna Classic community was notified that Risk Harbor lost the keys and has agreed to blacklist the wallet, 800 million burn is crucial for the community. Meanwhile, USTC price trades at $0.0349, down 1% in the last 24 hours. Also Read: Crypto Market Selloff—Why Bitcoin, ETH, SOL, XRP And Other Crypto Fell SuddenlyThe post Terra Luna Classic Community Turns Down Major Burn Proposal appeared first on CoinGape.

Source: The Nation December 26, 2023 15:41 UTC