- ClassyCrypto transitions back to a 5% commission on the Terra Classic token on his validator.
- The validator highlights the growth of the LUNC community while encouraging active contributions.
- Further, he commits to a fixed 5% commission rate with no plans for future alterations.
Earlier today, Twitter influencer and LUNC validator ClassyCrypto tweeted about Classy’s Crypto Sphere, a Proof-of-Stake infrastructure provider, making a transition back to a 5% commission on the Terra Classic token.
$LUNC. Today we make the transition back to 5% commission on Classy's Sphere It is clear as day that the community deserves to have the power back.We shall move back to the minimum commission & push forward as a collective.United we stand together.I will lose as much as… pic.twitter.com/6R2De3YYv3— Classy (@ClassyCrypto_) July 5, 2023
Classy claimed that the LUNC community deserves its power back and the starting point would mean moving back to a minimum commission while pushing forward “as a collective.” The tweet captured Classy’s commitment to the community as he declared:
United we stand together. I will lose as much as is needed to have this community united once again.
Furthermore, the validator highlighted the growth and maturity of the community in recent months, emphasizing the importance of community members actively contributing and giving back.
In the tweet, Classy’s Sphere welcomed both those who have already departed from the Terra Classic community and those who will join the “movement” to amplify the voice of LUNC. Simultaneously, he claimed that the days of breaks and L2 catastrophes are now gone, as the community shifts its focus to $LUNC, the L1, and “all the wonderful initiatives the community puts forth.”
Lastly, Classy promised to provide aid and guaranteed to maintain a fixed commission rate of 5% for the entirety of its existence with no future plans to alter the commission beyond this threshold. In a continuation of his tweet, Classy shared the link to his Terra Station portal, encouraging readers to stake with ClassyCrypto again.
At the time of writing, LUNC is trading at $0.00008328, as per data from CoinMarketCap. Currently, the Terra Luna Classic community is currently facing a significant financial challenge as the balance of its community pool experiences a substantial decline. With the approval of three major spending proposals, the balance has dropped dramatically from 2.37 billion LUNC to a mere 416 million LUNC.
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