To clarify, as I’ve noted multiple times i dont think sending tokens to this address to burn tokens is a good idea - nothing happens except that you lose your tokens
Want there to be no confusion whatsoever
1/ Terra governance prop #1623 to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new Terra blockchain & LUNA ($LUNA) is now live.
Vote here: https://t.co/ZlGxNCUTMa
@stablekwon oh no.old tera luna is strong and popular around the world.if you do a great new token how do you give for free all holders? people want to burn for old Luna 90% and more.Not need new token new luna tera🗣
@ShibInform must be burned because the extra coins should not exist. protect users who already trust terra.
1. burn supply added.
2. stop minting.
3. recovery price UST & LUNA.