Terra to Burn the Remaining 1.3 billion UST from its Community Pool as the Votes Turn in Favor of the Proposal

A Luna burn is one proposal suggested to help in Luna’s recovery, and since the token’s crash, several holders wanted Luna burn to reduce its supply and also increase its value by creating more scarcity.

However, the Terra governance system has voted, and as a result of the vote, all of the Terra USD (UST) tokens held in the project’s community pool, as well as UST deployed for past liquidity incentives on Ethereum will be burned.

Full News At: https://mycryptoparadise.com/terra-to-burn-the-remaining-1-3-billion-ust-from-its-community-pool-as-the-votes-turn-in-favor-of-the-proposal/

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