Terra Luna Classic To Burn 800 Million Tokens, LUNC And USTC To $1?
Terra Luna Classic 800 Million USTC On Ozone Protocol Chain Ex-Terra Rebels developer group member Vegas submitted a governance proposal to the Commonwealth forum for discussion. He asserts 800 million USTC on-chain funds to be returned to the Terra Luna Classic community pool as the Ozone Protocol project is not actively following the proposed development plan. advertisement “To facilitate this, we ask the community fund to support us and underwrite Ozone indefinitely, unless a counter-proposal is passed to remove the said underwriting funds.” According to the proposal, the Ozone protocol was initially proposed by Terra co-founder Do Kwon and bootstrapped using funds from the community pool. The Ozone V1 and Ozone V2 saw high demand for their underwriting capacity. However, the Risk Harbor team has not utilized 1 billion UST (now USTC) fully as intended. Thus, the funds should return to the community pool. Alex Forshaw , former Terra Rebels and T...