The Terra Luna Classic (LUNC) community is reconsidering changes to its staking model, as suggested by the popular LUNC advocate, Crypto News Portal, on X. The current staking framework, which requires a 21-day waiting period for withdrawals, is reportedly hindering adoption. A proposal to shorten this timeframe is now gaining traction among LUNC supporters.
When you stake $LUNC on the Terra Classic chain and then withdraw these #LUNCs from the stake transactions; a 21-day waiting period is applied.
— Crypto News Portal (@TerraNewsEN) March 13, 2025
There are currently 1 trillion LUNCs staked. Reducing the 21-day waiting period will increase the amount of LUNCs staked. This period… pic.twitter.com/uaZxIpHerO
Proposed Changes to LUNC Staking Model
Crypto News Portal highlighted that out of the 5.44 trillion LUNC in circulation, 1 trillion is currently staked. The advocate argued that the 21-day unstaking period could be a barrier for new investors and called for a reduction to a “reasonable level.” While no specific timeframe was suggested, the proposal has sparked discussion within the Terra Luna Classic community.
Some users support modifying the waiting period, believing it could enhance participation and liquidity. However, not all community members agree. An X user, Vivid BNB, emphasized the importance of patience in the LUNC ecosystem, arguing that a lengthy staking period ensures commitment and stability.
LUNC Ecosystem Updates and Token Burn Initiative
Beyond staking reforms, the Terra Classic ecosystem has seen significant developments, particularly concerning token burns. According to reports from CoinGape, the community has collectively burned 405 billion LUNC, with an additional 3 billion TerraClassicUSD (USTC) removed from circulation. Since May 2022, these burns have aimed to reduce supply, fostering scarcity and potential price appreciation.
Binance, one of the largest cryptocurrency exchanges, has played a pivotal role in this effort, having burned approximately 400 billion LUNC. This strategic move aligns with the community’s broader goal of re-pegging USTC to its former value, a milestone that many LUNC supporters eagerly anticipate.
LUNC Price Outlook
Despite positive ecosystem developments, LUNC has faced recent market volatility. At the time of writing, the token is priced at $0.00005957, marking a 7.13% drop in the last 24 hours. TerraClassicUSD has also declined, falling 3.84% to $0.01188. These losses largely mirror Bitcoin’s downturn, though optimism within the LUNC community remains high.
Also Read: Terra Luna Classic (LUNC) Eyes Breakout as Binance Backs Major Network Upgrade
Advocates like Crypto News Portal believe that a revised staking model could enhance LUNC’s stability and long-term growth. As discussions continue, the Terra Luna Classic community remains at a crossroads—balancing security with accessibility in its evolving ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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