0.2% LUNC Burn Parameter Archives

“Decentralized Dilemma: Terra Luna Classic (LUNC) Community Debates CEO Role Amidst Crisis”

15Aug

By Daniel AbangNo Comments

Terra Classic (LUNC)

“Decentralized Dilemma: Terra Luna Classic (LUNC) Community Debates CEO Role Amidst Crisis”

Amidst the turmoil within the Terra Luna Classic (LUNC) network, a contentious debate has emerged over the creation of a CEO role to navigate the network's current crisis. Advocates of this proposal assert that LUNC's extreme decentralization hinders its survival prospects. Citing the absence of a clear leadership structure as a hurdle to effective decision-making and progress, they contend that the network's decentralization has hampered user and developer adoption. Read Also: Analyzing Shiba Inu's Ambitious Price Targets: A Comprehensive Overview LUNC Community debate over CEO Role However, opponents of the CEO concept counter that this move would contradict LUNC's foundational ethos of decentralization. Their concern lies in the potential concentration of power within a CEO role, r...

Terra Classic Tokens LUNC and USTC Record Significant Surges, Fueling Market Enthusiasm

17Jul

By Tolulope ZaccheausNo Comments

Terra Classic (LUNC)

Terra Classic Tokens LUNC and USTC Record Significant Surges, Fueling Market Enthusiasm

In an unprecedented turn of events, the popular Terra Classic ecosystem tokens, LUNC and USTC, have taken the crypto market by storm, experiencing remarkable rallies and posting impressive gains over the past 24 hours and seven days. LUNC Is up by 16.25% and USTC By 52.36% USTC, formerly known as TerraUSD (USD), has witnessed a surge in its value, although it has not yet reached parity with $1. Currently trading at $0.01798, USTC has demonstrated a remarkable 52.36% increase in price over the last seven days, with a further appreciation of over 12% in the past 24 hours. This sustained surge, which began on June 14, has led to the trading of more than 8.17 billion USTC, equivalent to over $146 million, in the last 24 hours alone. Consequently, USTC's market capitalization has exceeded $17...

Terra Classic Validator Launches Ambitious LUNC Burning Initiative to Propel Token Price to $1

10Jul

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Validator Launches Ambitious LUNC Burning Initiative to Propel Token Price to $1

To reignite the LUNC burn expedition and elevate the crypto asset's value to $1, popular Terra Classic validator, Classy's Sphere has announced a groundbreaking initiative. The 23rd-largest validator on the network plans to burn millions of LUNC tokens by incinerating 100% of the tokens earned from running their node until the end of 2023. This move is expected to generate significant interest and support from the LUNC community and potentially attract other validators to join the cause. Read Also: New York Fed's Digital Dollar Test Reveals Potential Role for XRP and Wholesale Payments Improvement Classy, an influential figure in the crypto space and the operator of Classy's Sphere, emphasized the importance of substantial LUNC burns as a critical strategy to boost the price of the o...

A Total Of 3.21 Billion LUNC Is Burned Over The Past Week, 0.2% Parameter Removes A Total Of 168 Million LUNC From Circulation

24Oct

By OLAJIDE SAMUELNo Comments

Cryptocurrency

A Total Of 3.21 Billion LUNC Is Burned Over The Past Week, 0.2% Parameter Removes A Total Of 168 Million LUNC From Circulation

In the past week, a total of 3.21 billion LUNC was removed from circulation as stated by LUNC burn data. The data revealed that on 17th October, total LUNC burns were 19.5B, more also, on Sunday, October, 23rd, total burns reached 22.7B. So 3.2B LUNC were taken out of the circulating supply in the past week. Read Also: Custodial and non-custodial Wallets: Definition and Differences https://twitter.com/LunaBurn_13/status/1583977253318590464 3.21 Billion LUNC Is Removed In The Past Week Over 3 billion LUNC has been incinerated in the past week and the recent addition came from the 0.2% burn tax and the voluntary efforts made by exchanges to burn fees for Terra Classic spot and margin trading pairs. It is no doubt that Binance had done dramatically in the ongoing LUNC bu...