Hello Guys😃

In this post, we will discuss some updates about Terra Luna.

So, New Classic and volume and burns, Terra Luna Classic has actually had a lot of volume on the day: "116 million volume" in a bear market.

Seven days before, the volume was just going below even 100 million- 80 million.

Generally, all the Blue Chip cryptos are extremely bullish, and furthermore, we recently had CZ Binance go and mention that he's going to be stopping a Terra Luna classic burn until March, the third month of this year.

I think it's incredibly important though to mention that CZ Binance is most likely talking about Bernie and BNB, which is still extremely exciting because it's going to bolster up the price of that, but we got to keep Terra Luna Classic on CZ's radar and have them understand that, of course, Tera Luna Classic is something he should be focusing on.

So, Why?
Because the community is very strong.

The top five validators currently hold about 50 percent of the voting power, which is incredibly bad for the decentralization of the network. This essentially means that if these five people were to all get into a Discord call and talk with one another, they could completely destroy the trade.

So if anybody is staking with the top five validators, this is something to consider.

This is a danger to Terra Luna.

I've mentioned this many times before in a past article.

This is so important that you should consider going ahead and supporting somebody who's not in the top 10 but who can, of course, provide a lot of value to the network.

I want to remind you guys that they currently have zero percent fees.

We can have a really awesome proposal, which is to increase the gas fees by 5x. A lot of people didn't even notice it, but there are actual gas fees on every transaction for Terra Luna Classic.

These gas fees are so incredibly low that they have not been changed since Terra Luna's massive collapse. 

If they change the gas speeds and increase them, the rewards pool would actually get replenished at a sustainable rate. You should know that the gas fees that are on every blockchain transaction for Terra Luna Classic are what go towards the Oracle pool, which is what gives all of you rewards from staking your Terra Luna Classic.

The Oracle pool for Terra Luna Classic is getting drained much faster than it's getting filled up.

Increasing the gas fees would be really good for the blockchain because that would mean that the rewards that you get would stay a lot more steady and wouldn't decline nearly as fast as they have been.

I'm so bullish on this particular proposal to increase the gas fees because, realistically, it's still going to be incredibly competitive with all of the other major blockchains out there, but we're also going to have amazing amounts of fees collected that can reward stakeholder so that we could continue building out this blockchain and keeping it secure.

You need to make sure that you're staking with validators that are not in the top 10 to help the decentralization of the network.

The governance is to stop the Terra Luna classic from returning from Burns by setting the signage reward policy to zero for anybody who does not understand all this terminology.

We can remaint 10 of all of the burns that we have in the network, and we can send that to the community pool, and when the fund developers request the funds and the community approves it, obviously after a recent Revelation with Binance stopping their burn and telling "We stopped this remitting process,"

It makes a lot of sense for us to go ahead and follow suit with Binance.

So, stopping the remittances is obviously the first step, and then we need to make sure that they are not going to be leaving the terra luna.

I have no doubt in my mind that this year alone we can get very well past the 20 billion Terror London classic goal.

The beautiful thing about staking that doesn't get nearly enough attention is that the more Terra Luna Classic that has been staked, the higher the price will go because more and more coins are taken out of the circulating supply, but we have 860 billion Terra Luna Classic that are not in the circulating supply and that are locked up through staking.

Let's just say there are 2 trillion shares of Terra Limited Classic and your stake ratio gets past 20 to 30 percent, then Terra Luna Classic very easily will go up to 100 times its current price, and I think you would love that to happen.

But it's not going to work unless we all stake and we all earn amazing rewards, and well, what better way to earn rewards when I am taking zero percent commission and giving 100 percent of that to still contribute to the burn.

Finally, this is all my opinion. Thank you if you are still reading at this point.😉😊🤗

I found that some big creators on publish0x are reading my past articles and commenting on them😱☺

So I should take better care of it.

I hope that you found my post valuable😀

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