Just this January 14th, LUNC just went through its network upgrade that was supported by Binance. The upgrade was due to several developments on-chain.
According to its January 1st blog post, it was because the system of LUNC remints tokens that were burnt for a development fund.
Along with this, the ecosystem would also have an increase in gas fees for better validators and staking rewards in the platform. This would mean that the ecosystem would continuously burn and make LUNC a deflationary currency.
What It Means For LUNC
Luna Classic becoming deflationary would have an effect on the token. But this wouldn’t be enough for the token to have a big move in the short and mid-term. Based on the blog post, this