Terra Classic (LUNC) Archives - Cryptolifedigital

CREMATLUNC Deployment Delayed, but Normal Operations to Resume Soon

30Sep

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

CREMATLUNC Deployment Delayed, but Normal Operations to Resume Soon

In a recent tweet from the official account of CREMATLUNC, the cryptocurrency project informed its community about a temporary delay in the deployment of its platform. Despite the setback, the project reassures its followers that business as usual will soon be resumed. https://twitter.com/Cremation_Coin/status/1707794808138342891 CREMATLUNC, a relatively new cryptocurrency venture, had been gearing up for a significant milestone with the impending launch of its platform. However, unforeseen challenges have caused a delay in the deployment process. While the exact nature of these delays was not specified in the tweet, such setbacks are not uncommon in the rapidly evolving world of cryptocurrency and blockchain technology. Read Also: XRP's Ambitious Price Targets: Can It Reach $3.8,...

Terra ClassicUSD (USTC) Community Approves Proposal to Halt Minting and Reminting, Aims to Restore Stability and Peg to $1

27Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra ClassicUSD (USTC) Community Approves Proposal to Halt Minting and Reminting, Aims to Restore Stability and Peg to $1

In a significant move to restore stability and re-establish Terra ClassicUSD (USTC) at its intended peg of $1, the Terra Classic community has approved Proposal 11784. This proposal, which had faced previous obstacles due to software upgrades, has gained strong support and mandates the cessation of all minting and reminting of USTC without explicit approval from the Terra Classic community. This decision comes after a tumultuous period that followed the collapse of Terra in May 2022. Read Also: Internet Personality Damien Slash Regrets Selling Shiba Inu (SHIB) Holdings Too Soon, Missing Out on $1 Billion Gain The proposal received overwhelming support from the Terra Classic community, with a resounding 'YES' vote securing 55.32% of the ballots cast. However, it's worth noting that 37...

LUNC Leads Crypto Market Surge with 7.89% Gain in 24 Hours, While Terra Classic Seeks Binance’s Support

23Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

LUNC Leads Crypto Market Surge with 7.89% Gain in 24 Hours, While Terra Classic Seeks Binance’s Support

In a remarkable turn of events, LUNC, the native token of the Terra Classic ecosystem, has emerged as the top-performing asset among the leading 100 cryptocurrencies by market capitalization, according to data from CoinMarketCap (CMC). LUNC recorded an impressive 7.89% gain in the past 24 hours, defying the ongoing market turbulence. LUNC's Recent Rally LUNC's recent upward trajectory commenced on September 19, amid a backdrop of uncertainty affecting the broader cryptocurrency market. Throughout three consecutive winning sessions since that pivotal date, LUNC has aimed to extend its rally, with a 3.15% increase today. Read Also: Terra Classic Community Considers Onboarding Six Samurai Team to Revive LUNC Chain and Astroport Classic DEX During this impressive surge, LUNC reache...

Terra Classic Community Considers Onboarding Six Samurai Team to Revive LUNC Chain and Astroport Classic DEX

23Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Considers Onboarding Six Samurai Team to Revive LUNC Chain and Astroport Classic DEX

To resurrect the LUNC chain and address the crippling issues surrounding Astroport Classic, Terra Classic's vibrant community is currently deliberating on a groundbreaking proposal. This proposal, supported by a faction within the community, is calling for the inclusion of the Six Samurai team, a group of experienced developers led by Bilbo Baggins and Solid Snake, to provide essential technical assistance. Astroport Classic DEX: A Critical Challenge At the heart of this proposal lies the dire state of the Astroport Classic decentralized exchange (DEX). Advocates for the proposal argue that the L1 Task Force, currently tasked with the development and maintenance of Terra Classic, lacks the necessary expertise and resources to rectify the problems plaguing Astroport Classic. Read Also:...

Terra Classic Community Votes on Proposal for Binance to Burn 50% of USTC Trading Fees

21Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Votes on Proposal for Binance to Burn 50% of USTC Trading Fees

The Terra Classic community is currently engaged in a significant decision-making process, voting on a proposal that could have far-reaching implications for the stability of the USTC stablecoin and the Terra Classic blockchain. The proposal, known as Proposal #11785, aims to collaborate with Binance, the world's largest cryptocurrency exchange, to burn 50% of the trading fees generated from USTC trading pairs. USTC is an algorithmic stablecoin that operates on the Terra Classic blockchain. However, it experienced a significant de-pegging event following the Terra collapse in May 2022. To address this issue and restore USTC's value to its peg of $1, the Terra Classic community has been actively pursuing various strategies. Read Also: Tangem and ChangeNOW Announce Strategic Collaborat...

Tangem Wallet Update Set to Revolutionize Cryptocurrency Portfolio Management

19Sep

By CryptolifedigitalNo Comments

Terra Classic (LUNC), Uncategorized

Tangem Wallet Update Set to Revolutionize Cryptocurrency Portfolio Management

Tangem, a renowned cryptocurrency wallet provider, is gearing up to launch a groundbreaking update for its widely-used Tangem Wallet. This update is poised to significantly elevate the management of cryptocurrency portfolios, with a particular emphasis on enhancing the experience for Shiba Inu (SHIB) holders. https://twitter.com/Tangem/status/1702571866919993578 A User-Centric Approach to Portfolio Management The forthcoming Tangem Wallet update promises to be a game-changer in the world of crypto portfolio management. Users will soon have the ability to manually organize their digital assets, giving them full control over the arrangement of their holdings. Whether they prefer to sort assets based on balances, networks, or any other personalized criteria, this new feature offers unpar...

Terra Classic Community Debates Innovative Strategy to Restore LUNC Value to $1

19Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Debates Innovative Strategy to Restore LUNC Value to $1

In the wake of the Terra Collapse in May of this year, the Terra Classic community has been tirelessly working to re-establish the stability of its native stablecoin, USTC, and boost the value of LUNC above $1. However, previous attempts have fallen short of achieving this goal. In response, a prominent figure within the community, known as Rex, has put forward a set of recommendations aimed at breathing new life into LUNC and Terra Classic. Read Also: Terra Classic Community Proposes Bold Measures to Recoup USTC Value https://twitter.com/RexYellerBelly/status/1703717784054644890 Encouraging Network Growth Rex's strategy centres on fostering network growth as a means to drive up the price of LUNC. He points out that Terra Classic has been successful in attracting developers to its ...

Terra Classic Community Proposes Bold Measures to Recoup USTC Value

19Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Proposes Bold Measures to Recoup USTC Value

In the wake of the infamous Terra collapse in May 2022, the Terra Classic community has been tirelessly seeking ways to recover their investments and restore the project's once prestigious status in the cryptocurrency ecosystem. Two new proposals, #11785 and #11786, have emerged on the Terra Classic governance forum, offering innovative solutions to these challenges. Read Also: Ripple's XRP Faces Uncertain Times: AI Model Predicts Varied Future Price Scenarios Proposal #11785: Binance's Role in Re-Pegging USTC Proposal #11785 seeks to implement new measures aimed at helping the grossly depegged TerraClassicUSD (USTC) stablecoin regain parity with the US dollar. The core idea behind this proposal is to compel one of the world's leading cryptocurrency exchanges, Binance, to burn 50% of ...

LUNC’s New CEO Outlines Vision for $1 Valuation and Wealth Creation

14Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

LUNC’s New CEO Outlines Vision for $1 Valuation and Wealth Creation

In a groundbreaking statement, LUNC's newly appointed CEO, known as CEO SOS, has unveiled a comprehensive plan to propel the company to a valuation of $1 and bring prosperity to its stakeholders. This strategic vision is poised to revolutionize the future of the organization and the cryptocurrency market. Read Also: Ripple President Vows to Fight SEC Lawsuit Amidst Crypto Industry's Quest for Clarity https://twitter.com/LUNCbanned/status/1702231549804978184 CEO SOS emphasized the following key points as the cornerstones of this ambitious endeavour: Transparency and Trust: The CEO pledged to establish an unwavering commitment to transparency. To achieve this, LUNC will engage with its community through regular updates, AMAs (Ask Me Anything sessions), and real-time reporting o...

Terra Classic Station’s Proposal #11780 Seeks to Combat Spam with a 5 Million LUNC Minimum Deposit Requirement

12Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Station’s Proposal #11780 Seeks to Combat Spam with a 5 Million LUNC Minimum Deposit Requirement

In response to a growing concern over the increasing volume of spam proposals on the Terra Classic blockchain, the Terra Classic community has put forward a proposal to raise the minimum deposit required for proposal eligibility. The current minimum deposit stands at one million Terra Luna Classic (LUNC), equivalent to approximately $57.23. However, Parameter Change Proposal #11780, now live on Terra Classic Station, suggests a significant increase in this threshold to five million LUNC. Read Also: Shiba Inu (SHIB): A Rollercoaster Ride Towards Millionaire Dreams Overwhelming Support for the Proposal Parameter Change Proposal #11780 has garnered substantial support within the Terra Classic community, with an impressive 93.75% approval rate. Key players in the Terra ecosystem, includi...