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The EUTC Repeg proposal from the Lunc Forex Genesis team is attracting attention. The proposal is currently in the voting phase... $LUNC validators are evaluating the proposal. If the vote is completed in this way, the EUTC Repeg proposal will be accepted.
A Collateralized Market Module will be created for EUTC. The proposal is considered valuable because no fees are charged in the initial phase. Later, funding of DEX liquidity will be required. This will require another vote for approval. StrathCole is also involved in the work.
We consider the preparation of the groundwork for a EURO-indexed EUTC valuable. While a $USTC Repeg is important for $LUNC, preparing alternatives would also be beneficial.
We will follow developments after the proposal is accepted... It could be valuable for $LUNC.
#LUNC #TerraClassic #Altcoins #Crypto $LUNC