Terra Luna Classic - LUNC

Breaking Crypto News | That Could Effectively Burn $2M in LUNC

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Terra Classic Developer Pitches Proposal That Could Effectively Burn $2M in LUNC While Also Creating A Developers Pool
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Alex Forshaw proposes a new plan for $4 million in off-chain assets.
Terra Classic developer Alex Forshaw gave updates about the multisig wallet holding about $4 million in off-chain assets in a medium blog post shared on Twitter yesterday.
For several legal reasons, Forshaw and several other community members who had welcomed the opportunity to become signers to the wallet and manage the funds on behalf of the community have opted out, the developer wrote in the blog.

The developer now proposes that the community convert the assets to Terra Luna Classic (LUNC) and send it to the burn address. As a legal disclaimer, Forshaw urges that whomever the community saddles with the responsibility be traceable and well-recognized non-US citizens.

Disclaimer, The information provided on this video does not constitute investment advice,
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you should not treat any of the video’s content as such.
Please, consult your financial advisor before making any investment decisions.



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