In a highly critical decision, the Terra Luna Classic community is at crossroads over the fate of 800 million USTC tokens linked to the Ozone Protocol. Instead of returning them to the community pool, some members are advocating for their burning, which could have significant implications for the value of LUNC and USTC tokens. Why there is a mixed reaction to proposal 11658, do we see a potential downtrend for the pair? Let’s analyze. There is a lot of discussion regarding the controversial Proposal 11658, championed by ex-Terra Rebels developer group member Vegas. The proposal aims to return the idle 800 million USTC tokens related to the Ozone Protocol back to the Terra Luna Classic community pool. The main motive behind this move is that the Ozone Protocol, initially proposed by Terra co-founder Do Kwon and funded from the community pool, has not fully utilized the allocated funds in its intended manner.
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