Friday, January 27

Tag: Alex ForShaw

Terra Classic Developer Designs A New Proposal That Will Burn LUNC Worth $2 Million
Cryptocurrency

Terra Classic Developer Designs A New Proposal That Will Burn LUNC Worth $2 Million

The Terra community has been popularly known for its indefatigable act of reducing the LUNC token, aside from the former designs brought up by various developers, A Terra classic core developer, Alex ForShaw designed a new proposal as a means of removing LUNC worth $2 million from the circulation. A New Proposal To Burn LUNC Worth $2 Million Alex ForShaw made this known in a medium post shared yesterday while giving an update on the multi-sig wallet holding about $4 million in off-chain assets. Read Also: Ripple's General Counsel, Stuart Alderoty Slams Again, Saying SEC Has failed Time And Again To Protect Anyone https://twitter.com/4lex_4sh4w_TR/status/1590830915349250048 Alex ForShaw ad a few others who have given themselves to giving the community signals on the wallet...
Terra Rebel Declares USTC The Terra Classic Reserve Currency As They Combine Zaradar’s And Alex’s Proposal Together
Cryptocurrency

Terra Rebel Declares USTC The Terra Classic Reserve Currency As They Combine Zaradar’s And Alex’s Proposal Together

In the quest to have a successful re-pegging of the USTC, the Terra Rebel had made it known in the recent AMA session hosted by WSB Trader Rocko, a core developer at the Terra classic by the name of Tobias Anderson said that the developers are working to combine the proposal created by Alex ForShaw and Zaradar as recently proposed by Edward Kim. Terra Rebel To Combine Proposal This new proposition will not need any minting of any new token as stated by Zaradar. Tobias Further noted; “Alex and Max, they will work on an integrated proposal,” said Zaradar. “So we can sort of put that whole debate to rest, and you know, have a shared vision on how to fix this that will avoid printing more LUNC that will avoid neglecting USTC’s role as our reserve currency.” Read Also: SHIB Burn Rate ...