Friday, October 7

Cryptocurrency

Kaj Labs Unveil Its Plan To Put Forward A Total Massive Burn Of 2.5 Trillion LUNC Tokens
Cryptocurrency

Kaj Labs Unveil Its Plan To Put Forward A Total Massive Burn Of 2.5 Trillion LUNC Tokens

Kaj Labs, the development team at Lithosphere’s gaming series ‘Finesse,’ a two-chapter Play-to-Earn (P2E) game, unveil its plan to support the LUNC burn proposal with the massive burn of 2.5 trillion LUNC tokens. Kaj Labs announced this new development as it noted that it would allocate a total LUNC burn ranging from $50 million to $100 million. Read Also: Flare Network Discloses That It Had Launched Its Validator Code, It Finally Confirms The Timelines For XRP Distribution For Its Holders Kaj Lab stated:“If Terra Classic is implemented in the game, all LUNC used in the game would be burned during gameplay. To accommodate the burn, KaJ Labs will allocate $50 million to $100 million to burn up to 2.5T Terra Classic in Finesse games,”  The above statement revealed that the burn ...
LUNC Token Starts Gaining Relevance In The Sight Of Popular Crypto Trader, David Gokhshtein
Cryptocurrency

LUNC Token Starts Gaining Relevance In The Sight Of Popular Crypto Trader, David Gokhshtein

It seems LUNC is gaining some relevance in the sight of the known crypto analyst, David Gokhshtein as he was known for disbelieving LUNC’s recent rally. David Says LUNC Is Coming Out With A Road Map His recent tweet on his Twitter handle said that the token is coming up with a new road map to revive the whole project. It is worth noting the road map is crafted and sponsored by the “Terra rebels,” a section of the Terra community that supports Luna Classic. Read Also: The Third Blockchain Founders Hangout (BFH 3.0) To Hold In Abuja, Nigeria On 25th September 2022, It Aims At Helping Nigerian Entrepreneurs And Developers Gain Exposure To Cardano https://twitter.com/davidgokhshtein/status/1575660136151982082 The Positive View Of David On LUNC Is A Indication The recent po...
MEXC Global Exchange Seems to Resume Its Support For Tax Burn Of Spot Trading Activities
Cryptocurrency

MEXC Global Exchange Seems to Resume Its Support For Tax Burn Of Spot Trading Activities

It seems the feedback of the LUNC community is positive on the outcome of MEXC Global’s 14 days LUNC burn event as it resumes the tax burn on spot trading activities. As stated by TerraRebel, an excerpt from their blog post indicates that they would share the transaction ID proof for burns made from today till October 1 as part of a weekly update system. Read Also: Over 395 Million XRP Was Transferred By Whales Between Exchanges Following The XRP Rallying https://twitter.com/VegasMorph/status/1573457715267080192 Vegas tweeted; “So it seems that MEXC is once again supporting tax/burn on spot trading. Well played MEXC_Global,”  MEXC Global Recently Concluded Its Burn Event It is worth noting that MEXC Global recently concluded their burn event of the LUNC spot tradi...
Over 629 Billion LUNC has Been Staked So Far, Representing A 63 Billion Increase Over The Last Six Days
Cryptocurrency

Over 629 Billion LUNC has Been Staked So Far, Representing A 63 Billion Increase Over The Last Six Days

The effort of the community to reduce the LUNC total supply has not ceased. The LUNC community runs both the burning and staking of LUNC concurrently. In a recent tweet shared by LUNC staking, over 629 billion LUNC has been staked so far, representing 10.237% of the total supply and also representing a 63 billion increase over the last six days. Read Also: David Gokhshtein Says "SHIB Started This Entire Burn Craze" As An Acknowledgement Of the Shiba Inu Team's Good Work https://twitter.com/LuncStaking_Bot/status/1572855732986605570 Staked LUNC On the Increase It was recently reported by Cryptolifedigital, that the total staked LUNC surpassed 566 billion and also a couple of days ago, KuCoin staked a whopping 50 billion LUNC according to data from Smart Stake Analytic...
Binance And KuCoin Exchanges Make The Total LUNC Burn To Hit Over 70 Million Point
Cryptocurrency

Binance And KuCoin Exchanges Make The Total LUNC Burn To Hit Over 70 Million Point

There has been a lot of burning following the launching live of the LUNC 1.2% tax burn. For instance, the exchanges like Binance and KuCoin have greatly spiked the total LUNC burn after its live launch to over 70 million points. Although the Binance exchange only implement the proposal on deposit and withdraw only and surprisingly, the most burn came from the KuCoin as the Binance recently implemented the change. The figure above compares to just 18 million tokens burnt in the 13 hours before. Read Also: Dogechain Launches Dogegress, The Dedicated Decentralized Governance Platform For Dogechain Projects Binance To Bring Another Surge In The LUNC Burn As stated by WhaleClubs, a LUNC influencer account, displayed a screenshot that suggests possible congestion on the exchange as ...
Dogechain Launches Dogegress, The Dedicated Decentralized Governance Platform For Dogechain Projects
Cryptocurrency

Dogechain Launches Dogegress, The Dedicated Decentralized Governance Platform For Dogechain Projects

As gotten from the Dogechain Twitter handle; “Shibes, we have the pleasure to announce the launch of Dogegress, the dedicated decentralized governance platform for Dogechain projects. dogegress.dog,”  https://twitter.com/DogechainFamily/status/1572550169119555585 The update was shared on Wednesday, 21st September 2022. it is no doubt that the concept of Decentralization is to permit holders of an asset to have authority over their projects built on the blockchain, in this view, the Dogechain look forward to making this available to its community. Read Also: Over 12 million LUNC Burnt Since The LUNC 1.2% Tax Burn Proposal Went Live Dogechain Team To Propose Governance Votes On Various Phases As Dogechain is popularly known for governance tokens, at its inception, the ...
Over 12 million LUNC Burnt Since The LUNC 1.2% Tax Burn Proposal Went Live
Cryptocurrency

Over 12 million LUNC Burnt Since The LUNC 1.2% Tax Burn Proposal Went Live

A few hours following when the LUNC 1.2% tax burn Proposal went live, a total of 12 million+ LUNC tokens has been burnt as gotten from the data from LUNC validator StakeBin. LUNC Burnt since a 1.2% tax burn went live There is no doubt that the proposal can reduce the total supply of the LUNC tokens just as previously stated by some analysts. Analysis Of the LUNC Burn The Proposal went live today at almost 6:18 UTC after it has been longed-awaited. The proposal is expected to reduce the total supply of 6.9 trillion to a minimal amount of 10 billion. Read Also: Ripple's General Counsel, Stuart Alderoty Says SEC Chair Cannot Self-Appoint Himself As The Cop On The Beat For Crypto Per the analyst; Applying a 1.2% tax burn to the last week’s volume of 1.17 trillion, 14 b...
eToro, An Isreal-Based Trading Platform Now Join the Other Exchanges To Support LUNC 1.2% Tax Burn, It Implement Its Support On Off-Chain
Cryptocurrency

eToro, An Isreal-Based Trading Platform Now Join the Other Exchanges To Support LUNC 1.2% Tax Burn, It Implement Its Support On Off-Chain

Another exchange recently announced its support for the LUNC 1.2% tax burn proposal. An Israel-based trading platform, eToro said in its yesterday’s post that it implementing the 1.2% tax burn on trading activity. eToro is popular with a global multi-asset investment exchange that makes provision trading facilities in stocks, forex, crypto, etc. It is worth noting that the trading activity on exchanges commands more volume than on-chain activities. Consequently, exchanges’ implementing the tax on off-chain activities significantly improves the effectiveness of the burn initiative to reduce the LUNC supply. Read Also: COTI, An Official Issuer Of Cardano's Stablecoin Announces Another Partnership With Cogito Protocol eToro Sets To Implement Its On Off-Chain While most of the ...
The Long-Awaited LUINC 1.2% Tax Burn Proposal Is Now Officially Live
Cryptocurrency

The Long-Awaited LUINC 1.2% Tax Burn Proposal Is Now Officially Live

The long-awaited LUNC 1.2% tax burn proposal is now live after months of waiting. The new development was announced by reXx, a member of TerraRebel. https://twitter.com/reXxTerraRebels/status/1572470368346210315 It is worth noting that henceforth, the users will be charged a 1.2% tax on all on-chain transactions, with the collected fees sent to the Terra burn wallet to bring down the excess LUNC supply. Read Also: COTI, An Official Issuer Of Cardano's Stablecoin Announces Another Partnership With Cogito Protocol Tax Burn Is To Reduce The LUNC Total Supply The idea of this is to reduce the supply in circulation to a sizable amount. It was previously said that the proposal is to a total of 6.9 trillion to about 40 billion and it is calculated to take a decade at a 1.2% tax ...
A Latest Top Crypto Exchange, CryptoCom Confirms Its Support For LUNC 1.2% Tax Burn Proposal
Cryptocurrency

A Latest Top Crypto Exchange, CryptoCom Confirms Its Support For LUNC 1.2% Tax Burn Proposal

The LUNC's 1.2% tax burn proposal gains more attention from the crypto exchanges platform as another top crypto exchange, CryptoCom, confirms its support for the proposal. LUNC 1.2% To Go Live On 20th Sept 2022 And CryptoCom Confirms Its Support The latest top crypto exchange, CryptoCom announces its support for the LUNC 1.2% tax burn proposal on the 20th of September, 2022 surprisingly the deal day that the proposal will go live. Recall that the LUNC 1.2% tax burn is Scheduled at block 9,475,200, expected to go live on 20th September 2022, and will be supported by the exchange. Read Also: Sir John Richmond Prints New Collections Featuring Shiba Inu Ahead Of The 2022 Milan Fashion Week https://twitter.com/cryptocom/status/1572186433997111296 CryptoCom Support Is Limite...