LUNC is led by a community and not by Kwon: David Gokhshtein LUNCArmy $LUNC LUNCommunity LUNCburn TerraRebels CryptoNews Crypto
, Gokhshtein referred to the LUNC token as a lottery ticket, just like in the classic musical chairs game for kids. When the music stops, he said, everyone must locate a chair to sit on, but there are always fewer chairs than there are players. He noted that in LUNC's case, the individual who has a full bag of these tokens is always the one left without a chair.
He added that he thinks LUNC, which recently gained popularity following the meltdown of the original Terra Chain, is bought mainly by gamblers to make a quick buck. In a recent tweet, Gokhshtein mentions that LUNC is owned by the community, with half of the members jumping in to gamble, while the other half remains those who suffered from the collapse. He believes that it would be an impressive comeback if the community could find a way to build a legitimate use case.
He indicated that it might be"hard to attract projects to build on Terra Classic until the rebels figure out who they're working for." He also highlighted the need to clarify the incentives as the 1.2% tax burn plan is set to go into effect Sept. 21.Terra tokens, LUNC and LUNA, saw fresh selling pressure as the legal drama involving Terra CEO Do Kwon took another twist. At the time of publication, both tokens were down 7.26% and 6.42%, respectively.
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