After going from almost $100 billion in TVL to around $10-15 million currently, Terra Classic seems to be on the rise again.
The Terra Rebels, a group of former validators wishing to continue on the original blockchain, decided by vote to implement a "burn" (a tax) of 1.2% on each transaction (except when providing or withdrawing liquidity, or stake) in order to go from a supply circulation of 6500 billion LUNC (!!!) ---> to less than 100 billion tokens, hell of a surge!!
Staking has been activated since yesterday, and burn will be activated in mid-September, maybe a little before...
So why not put a small coin in it and play this "Rebirth"?
Technically, no clear trend, normal at the same time for a token which saw its supply multiply by more than 6500 in a few hours ^^
So there could be nice returns, but BE CAREFUL (stay safe, not too much exposed). Peaaace
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