🔍 $LUNC 2025: Deflation, Code, and Chaos — The Facts They Don’t Tell
📈 Deflationary Mechanisms
LUNC has an active on-chain burn tax that destroys a portion of tokens with each transaction.
Binance continues to burn fees collected from LUNC trading on its platform.
Burn transactions are publicly traceable on the blockchain.
🛠️ Actual Use Cases
LUNC is used for network transactions, participation in governance, and a limited number of active applications.
After the 2022 collapse, much of the original ecosystem became inactive, creating a need for new dApps.
⚙️ Technical Status
Terra Classic operates on a legacy codebase from the original Terra protocol.
Maintenance is performed by independent teams and volunteers.
The network requires regular updates to stay compatible with the latest versions of Cosmos SDK and IBC.
⚔️ Governance
All decisions are made through on-chain voting.
Proposals vary and are submitted by the community and validators.
📉 Context
After the 2022 collapse, LUNC operates as a separate network, independent from the new Terra (LUNA).
All development and decisions depend entirely on the community.
🧩 Key Gaps
Large circulating supply: over 5.5 trillion LUNC.
Limited actual use and active dApps.
Dependence on volunteer teams.
Fragmented governance and lack of a unified strategy.
Technical debt and need for regular updates.
Limited development budget.
Standalone ecosystem, separate from LUNA.
