Cryptocurrency Archives - Cryptolifedigital

Terra Classic Crosses The 50 Billion Token Burn Threshold. Seems There Is More

23Mar

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Terra Classic Crosses The 50 Billion Token Burn Threshold. Seems There Is More

The recent analysis revealed that the Terra Classic (LUNC) community has finally crossed the 50 billion token burn threshold. Though this amount represents only a fraction of Terra Classic’s supply, it underscores the community’s efforts toward rejuvenating the asset. Notably, As of last Wednesday, total burns sat at 49.7 billion tokens; this means the community has incinerated 410 million tokens in the past week. Total LUNC burns Hit the 50 billion threshold Binance has remained the leading platform among the LUNC burners with over 28.95 billion tokens, about 57% of the total incinerated 50.11 billion. The recent burns of the exchange claimed a total of 8.8 billion LUNC in a single transaction earlier this month. Read Also: What Is The State Of Crypto Regulations Around The World?...

22Mar

By CryptolifedigitalNo Comments

Cryptocurrency

7 crypto use cases In 2023

In recent years, cryptocurrency has become increasingly popular as a form of digital currency. While many people still view it as an investment opportunity, more and more individuals are now realizing the practical benefits of using cryptocurrency in everyday life. In this article, we will explore how you can use cryptocurrency in your daily routine and how it can simplify your life. Use cases Of Crypto Shopping Many online retailers now accept cryptocurrency as a payment method, including major names like Microsoft, Overstock, and Shopify. You can also use cryptocurrency to buy everyday items such as groceries and clothing through online retailers. The process is typically straightforward: you simply select the cryptocurrency payment option and follow the payment instructions pro...

SDK To Integrate Terra Classic Gateway Payments, More Burns Are Coming

15Mar

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

SDK To Integrate Terra Classic Gateway Payments, More Burns Are Coming

The recent development noted that Dan Gerchovich, a community member who developed the software development kit (SDK), businesses want to integrate the Terra Classic payments gateway. The update was revealed by Dan G via his handle yesterday, saying that increased adoption of the solution would lead to increased on-chain volume and Terra Luna Classic burns. Dan said; “… things are finally looking up,” the developer wrote, calling for other businesses and developers interested in crypto payment gateways to contact him. Read Also: Quick Guide On blockchain Gaming https://twitter.com/realArchitectDG/status/1635552843737477120 SDK to integrate LUNC burns soon As It Apdopt Terra Classic Gateway payments The solution is currently designed to work with existing applications, Gerchov...

Cremation Coin Burns Over 106 Million LUNC, Now The 3rd Highest Burner

14Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Cremation Coin Burns Over 106 Million LUNC, Now The 3rd Highest Burner

The recent development revealed that the recently launched project, Cremation basically to reduce the excessive supply of crypto tokens just sent a total of over 106 million Terra Classic (LUNC) tokens in a single transaction. This marks the project’s highest single LUNC burn since its launch last December. The team behind the project called public attention to the transaction in a tweet today, expressing their gratitude for the substantial support from the community. Read Also: Terra Classic Stakes Over 9 Billion in A Week, Almost 1.8 Billion In 24 hours https://twitter.com/Cremation_Coin/status/1635476237081624579 Cremation Incinerates 106 million Plus in A Week More also, the team went ahead to share a graphical representation of the burns which showed that it is to 106,101,5...

Terra Classic Stakes Over 9 Billion in A Week, Almost 1.8 Billion In 24 hours

13Mar

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Terra Classic Stakes Over 9 Billion in A Week, Almost 1.8 Billion In 24 hours

The recent update shows that the Terra Classic (LUNC) staking initiative is experiencing a significant surge in activity, as over 1.7 billion tokens have been staked in the past 24 hours, increasing total staked tokens to a massive 964.6 billion. The current figure represents 14.06% of the asset’s total supply. Terra Classic Stakes a sum of 1.8 Billion LUNC Tokens, LUNC Staking Initiative Witness Surge The news on the development was shared by a prominent member of the TerraCVita, an independent development group at the Terra Classic, Rexzy, saying that the community is now approximately 35 billion tokens away from reaching the highly sought-after milestone of 1 trillion staked tokens. Read Also: Blockchain Tech Can Revolutionize The Healthcare Industry. See How https://twitter.com...

Cremation Coin Burns A Staggering Over 51 Million LUNC In A Single Transaction, Representing The Third Highest Single Burns

7Mar

By CryptolifedigitalNo Comments

Cryptocurrency

Cremation Coin Burns A Staggering Over 51 Million LUNC In A Single Transaction, Representing The Third Highest Single Burns

The Cremation’s recent LUNC burns placed the token on the 8th highest burner in the Terra Classic as it incinerated a massive amount of over 51 million Terra Classic (LUNC) tokens in a single transaction, representing its largest single burn since it jumped on the Terra Classic burn campaign last December. According to the Terra Finder data, the transaction was initiated as early as 03:49 today, claiming a staggering 51.7 million LUNC, representing the Cremation’s weekly contribution towards the LUNC burns program. The update was shared on the Cremation’s official handle, calling the public to take note of the recent move after the transaction was done. Read Also: Shiba Inu (SHIB) Emerges As The Top Token On CoinMarketCap While BONE Also Takes The 10th Spot https://twitter.co...

LUNC Validator Unveils Binance 8th Round LUNC Burns Date

3Mar

By OLAJIDE SAMUELNo Comments

Cryptocurrency

LUNC Validator Unveils Binance 8th Round LUNC Burns Date

The recent update shared by the LUNC validator said that the largest crypto exchange, Binance, will initiate its 8th round of LUNC burns on the 2nd of April, 2023. Date For 8th Round LUNC Burns Of Binance Is Revealed The update was shared on the official handle of the LUNC validator earlier today, saying that Binance will be conducting its 8th batch of LUNC burns on the above-mentioned date. https://twitter.com/LuncRebels/status/1631643868080005121 The update came following Binance’s attestation that it would resume its LUNC burns after the community successfully passed a three-signal proposal that exempted the Binance LUNC burns from the token to be reminded. Read Also: Ripple Says 45 Payment Industry Leaders Reach The Consensus To Implement Crypto For Fast And Effecti...

Terra Classic Community Passes Two Key Signal Proposals Addressing The Binance’s Concerns, Binance May Likely Resume LUNC Burns

22Feb

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Classic Community Passes Two Key Signal Proposals Addressing The Binance’s Concerns, Binance May Likely Resume LUNC Burns

The largest exchange, Binance, may likely resume its LUNC burns as the community of Terra Classic votes to pass two key signal proposals addressing the exchange’s concerns. Notably, the signal proposal was suggested by Terra Classic core developer Edward Kim following after Binance made changes to their burn contribution following the passing of Proposal 10983, which sought to re-mint 50% of all burned LUNC tokens instead of 10% to introduce more funds to the community pool. It is worth noting that Binance has suspended its burns till March and proposed conditions for the contribution to resume burns on exchange but it promised to resume back provided the needs were met by March 1. It also disclosed plans to burn 50% of trading fees instead of the initially-promised 100%. Binance...

Some Community Members Doubt LUNC Hits $1. What Do You Think?

11Feb

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Some Community Members Doubt LUNC Hits $1. What Do You Think?

Surprisingly, many in the community have no hope of the LUNC hits $1 in the next 20 years. Although the crypto market has been up and down over time, the community of Terra Classic hasn’t relented in summing up their effort to make the coin the best in the crypto industry. An opinion of the community was captured on the Twitter poll created by crypto influencer Asobs, saying whether the LUNC community believes the token could hit $1 by 2043. LUNC Hits $1 According to the final result, the poll attracted a total of 412 votes, out of which 31.6%, representing 130 participants, believe the crypto asset will not reach the $1 mark in the next 20 years. However, 68.4%, representing 282 respondents, consider the value of LUNC will hit the $1 target within the specified period. ...

KuCoin Exchange stakes A Staggering 47.9 Billion LUNC Token

8Feb

By CryptolifedigitalNo Comments

Cryptocurrency

KuCoin Exchange stakes A Staggering 47.9 Billion LUNC Token

The recent tweet shared by KuCoin exchange revealed that KuCoin, a prominent Seychelles-based cryptocurrency exchange, has once again become a validator on the Terra Classic (LUNC) network with almost 48 billion LUNC staked. It is worth noting that the recently stated LUNC has increased the total LUNC staked to a staggering 946 billion, representing 13.80% of the asset’s total supply. This comes up two months after they undelegated 48B tokens. KuCoin Stakes Almost 48B LUNC Tokens The development was recently brought to public light by Rex Harrison, a notable LUNC community member and senior member of the autonomous development group TerraCVita. Rex teased the move as a factor that could contribute to “a massive boost of confidence in LUNC,” highlighting its importance. Read Al...