The Terra Luna Classic community discusses potential changes to its staking model, particularly the reduction of the 21-day waiting period. This is seen as a step to attract new users and enhance staking usability.
Potential Changes to LUNC Staking Model
The staked LUNC quantity exceeds 1 trillion within a circulating supply of 5.44 trillion tokens. The community is discussing reducing the waiting period to increase staking attractiveness. Some users, like Vivid BNB, point out that staking requires patience and that the waiting period is necessary for long-term involvement.
Ongoing Ecosystem Developments
The Terra Luna Classic ecosystem is actively working on supply reduction through LUNC and USTC burning. Since May 2022, 405 billion LUNC tokens have been burned. Binance, the leading crypto exchange, has burned 400 billion LUNC as a key method to achieve goals of token stabilization and re-pegging.
LUNC and USTC Price Trends
Despite efforts to support LUNC, its price experiences significant fluctuations. The price stands at $0.00005957, down 7.13% in 24 hours. USTC has also declined by 3.84%, reaching $0.01188. Bitcoin value reduction and market decline affected LUNC token movements.
A change in the staking model, according to some community members, could enhance LUNC's appeal. Shortening the staking withdrawal period may attract more users, improving network engagement and liquidity. However, such changes require broad agreement from validators and stakeholders.
