0.2% LUNC Burn Parameter Archives - Page 2 of 2

LUNC Community Shows Enthusiasm for Reinstating 1.2% Tax as Deposits Surge

25Oct

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

LUNC Community Shows Enthusiasm for Reinstating 1.2% Tax as Deposits Surge

The LUNC community is buzzing with anticipation as discussions surrounding the possible reinstatement of a 1.2% tax gain momentum. The proposition to reintroduce this tax has garnered enthusiastic support within the LUNC community, as evidenced by a surge in deposits. A tweet from the LUNC Rocket Twitter handler has ignited the conversation around this intriguing development. Read Also: Shiba Inu (SHIB) Burn Rate Skyrockets, Fueling Enthusiasm and Speculation in the Community https://twitter.com/RocketLunc/status/1716788932061347931 Revisiting the 1.2% Tax Community Momentum: The LUNC community has shown significant interest in revisiting the 1.2% tax, a concept that appears to have struck a chord with many supporters. The idea of reintroducing this tax has triggered discussion...

Concerns Over Legitimacy Surround ‘Six Samurai’ 750 Million LUNC Spend Proposal in LunaClassic Governance

4Oct

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Concerns Over Legitimacy Surround ‘Six Samurai’ 750 Million LUNC Spend Proposal in LunaClassic Governance

In a recent development within the LunaClassic (LUNC) governance system, a proposal by a group called the "Six Samurai" for a substantial spend of 750,000,000 LUNC has raised significant concerns and prompted a strong response from a prominent community member named Mike P. https://twitter.com/LUNCpredator/status/1709156499379961947 The proposal in question sought to allocate a massive sum of 750 million LUNC tokens, but it appears to have faced scepticism and scrutiny from Mike P. In a statement shared in the LunaClassic community, Mike P. expressed serious reservations about the legitimacy and trustworthiness of the "Six Samurai" group. Read Also: Judge Rejects SEC's Interlocutory Appeal in Ripple Lawsuit, Trial Set for 2024 One of the primary concerns raised by Mike P. is th...

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 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:...

“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...