The Terra Luna Classic community proposed to "directly burn 800 million USTC."

ChainCatcher news, the Terra Luna Classic community has officially approved the proposal "Directly Burn 800 Million USTC" submitted by Vegas. According to the proposal, the signers of the Ozone reserve wallet will initiate the burning process of 800 million USTC, which can be completed by directly transferring the funds to the Terra Luna Classic burn address.

The proposal received nearly 85% in favor, with 8% abstaining and 7% voting against.