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Check out the LUNC proposal 12216 news. The vote is 81% YES, but it hasn't reached the minimum quorum yet ⏳
What’s interesting is that this mechanism actually makes sense — USTC staking will lock up supply, and with less USTC in the market = reduced selling pressure. If ecosystem activity increases, fees will go up, and there’s a chance to burn LUNC too.
From a price perspective: LUNC should benefit from a decreasing supply + increasing demand. As for USTC, there’s a real chance to re-peg, not just a joke — pure economics.
If the proposal passes and quorum is met, Luna Classic might see significant price movement. The numbers suggest this, #LUNC #USTC