In a groundbreaking announcement today, the Shuttle project has revealed a comprehensive strategy aimed at catapulting the relevance of Terra Classic to unprecedented levels. The ambitious plans outline a series of innovative measures that promise to reshape the landscape of decentralized finance.
https://twitter.com/lupin_crypto/status/1734274234250059860
What Shutte has to offer Terra Classic
- 5% Transaction Fee on Buy and Sell: Effective immediately, a 5% transaction fee will be implemented on both buy and sell orders within the Terra Classic ecosystem. This move is designed to incentivize users to actively engage in transactions, fostering liquidity and overall growth within the platform.
- 3.5% Allocated to the Shuttle Fund: Of the total transaction fees, a significant portion, precisely 3.5%, will be channelled into the Shuttle Fund. This fund is earmarked for strategic initiatives aimed at enhancing the overall ecosystem, including development, marketing, and community outreach efforts.
- Lucrative Annual Percentage Rates (APR): To further entice users, Shuttle is introducing competitive Annual Percentage Rates (APR) for those willing to lock in their Terra Classic holdings. Users opting for a 6-month lock-in period will enjoy an impressive 30% APR, while those committing to a 12-month lock-in will benefit from an even more substantial 60% APR. These rates are expected to attract long-term investors, adding stability to the Terra Classic ecosystem.
- Fostering Long-Term Growth: The introduction of the lock-in periods is a strategic move by Shuttle to encourage users to commit to the platform for an extended duration, aligning their interests with the long-term success of Terra Classic. This approach aims to create a sustainable and flourishing ecosystem that can withstand market fluctuations.
- Community Engagement and Transparency: Shuttle is committed to fostering open communication and transparency with its community. Regular updates and reports on the utilization of funds from the Shuttle Fund will be provided, ensuring that users are well-informed about the projects and initiatives being supported.
- Market Reaction: Following the announcement, the Terra Classic community has responded with enthusiasm, expressing optimism about the growth potential and increased relevance in the decentralized finance space. Many users see the Shuttle’s comprehensive approach as a step towards creating a more robust and dynamic ecosystem.
In conclusion, Shuttle’s unveiled plans mark a pivotal moment for Terra Classic, setting the stage for a new era of growth and prominence in the decentralized finance sector. As the implementation of these measures unfolds, the community eagerly anticipates the positive impact they will have on Terra Classic’s standing in the broader blockchain landscape.
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