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LUNA Hits All-Time High as Terra Community Passes Popular Burn Proposal

cryptonews100_tggfrn by cryptonews100_tggfrn
November 11, 2021
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LUNA Hits All-Time High as Terra Community Passes Popular Burn Proposal
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Earlier than Terra’s Columbus-5 improve on the finish of September, the neighborhood pool was set to obtain $1 value of LUNA from customers when UST traded above $1. In return, customers would obtain 1 UST. The Columbus-5 improve additionally shifts the design to burning LUNA: Each time UST is minted, LUNA with the identical quantity of worth is burned as an alternative of going to the neighborhood pool.



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