Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Odaily News Terra Classic Market Module 2.0 (MM 2.0) is relaunched with a net deflation mechanism and automatically adjusts functions when supply shrinks, avoiding manipulation through outdated prices. The core goal of this module is to ensure continuous supply reduction and achieve stable LUNC and USTC token burns in each 30-day cycle by controlling the base pool (base_pool) and the pool recovery period (PRP).
Odaily News The Terra Luna Classic community has voted to approve a new tax handling proposal that aims to simplify the tax system on the Terra Classic blockchain. This "Reverse Charge" mechanism changes the way taxes are deducted from transactions, making it easier for developers and users to use the system. The mechanism will allow taxes to be deducted directly from the transaction amount before being credited to the recipient's wallet. This change eliminates the need for senders to pay additional taxes, bringing convenience to developers and end users. In this system, taxes are deducted directly from the transfer amount, so developers of DApps and interfaces do not need to deal with complex tax management. The new tax system also supports backward compatibility, so DApps can still use sender-handled taxes as needed.
Odaily News According to the official announcement, Binance is expected to suspend the token deposit and withdrawal services of the Terra Classic (LUNC) network at 18:15 (Eastern Time) on September 18, 2024 to support its network upgrade. The project will upgrade the network at block height 19,850,000 (estimated at 19:15 on September 18, 2024, Eastern Time).