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Tag: LUNc Burn

Terraport Finance Fuels Enthusiasm as $LUNC Aims for $1 Following Re-Peg Implementation
Terra Classic (LUNC)

Terraport Finance Fuels Enthusiasm as $LUNC Aims for $1 Following Re-Peg Implementation

In a surge of optimism within the crypto community, Terraport Finance has ignited excitement by expressing confidence in the potential of $LUNC (LunaCoin) to reach $1, driven by the impending completion of the Re-Peg implementation. Re-Peg Implementation Catalyst Terraport Finance's recent tweet alluded to the transformative impact expected upon the completion of the Re-Peg implementation for $LUNC. This strategic move is anticipated to catalyze propelling the token towards the $1 milestone. Re-eg refers to the process of adjusting or re-establishing the peg of a token to a specific value, often employed to optimize stability and market value. Read Also: Major Governance Proposal Passes in LUNC: On-Chain Tax Increase to Boost Burn Rate, Community Pool, and Staking Rewards https...
Terra Classic Community Sparks Price Surges and Confidence Boost with Unanimous Approval of Crucial Proposal
Terra Classic (LUNC)

Terra Classic Community Sparks Price Surges and Confidence Boost with Unanimous Approval of Crucial Proposal

In a decisive move to breathe new life into Terra Classic (LUNC) and its stablecoin USTC, the community has rallied behind and unanimously approved a pivotal proposal. The proposal, named "Sequence Mismatch Issue Resolution" or Proposal 11885, focuses on deploying terrad client v2.3.1 on-chain, specifically addressing critical concerns related to the dyncomm ante decorator and account sequence. The update aims to resolve a significant problem with the dyncomm ante decorator, honing in on issues associated with account sequence. Despite the ongoing voting process, the proposal successfully passed within an impressive 24-hour window, showcasing the determination and unity of the Terra Classic community. Read Also: TerraClassicUSD (USTC) Surges 390% in 3 Days, Eyes $1 Target Amidst Comm...
XRP Road to Recovery: Potential Earnings and Caution Amidst All-Time High Speculation
XRP News

XRP Road to Recovery: Potential Earnings and Caution Amidst All-Time High Speculation

Since its dip below the $3.8 all-time high in January 2018, XRP has faced challenges in reclaiming this coveted price threshold. The closest it came was in April 2021, when it surged above $1.9, only to face stern resistance at $3.8. Many attribute XRP's struggle to the legal battle surrounding the asset, particularly the SEC's charges against Ripple in December 2020, leading to delistings on U.S.-based exchanges and selling pressure. Read Also: Terra Classic (LUNC) Blockchain Witnesses Resurgence Amidst Record Transactions and Price Recovery Despite its inability to reach new highs during the 2021 bull run, XRP is now experiencing renewed optimism following recent legal clarity. Market analysts believe that with regulatory uncertainties lifting, XRP could potentially recover and eve...
Terraform Labs’ Bold Move: Pulsar Finance Acquisition Sparks Terra (LUNA) Resurgence
Terra Classic (LUNC)

Terraform Labs’ Bold Move: Pulsar Finance Acquisition Sparks Terra (LUNA) Resurgence

In a daring manoeuvre to recover from a devastating collapse, Terraform Labs, the driving force behind the Terra ecosystem, has taken a significant leap forward by acquiring Pulsar Finance. This strategic move not only marks a pivotal moment for Terra but also signals a broader resurgence for the beleaguered cryptocurrency, Terra (LUNA), and its stablecoin UST, which played a role in the 2022 crypto market crash. Read Also: Ripple's Lead Product Manager Clarifies: AMM on XRPL Won't Alter XRP's Tokenomics, But May Boost Utility https://twitter.com/terra_money/status/1724080203935395993 Game-Changing Integration for Terra Ecosystem This week's acquisition announcement is nothing short of a game-changer for Terraform Labs. The integration of Pulsar Finance's solutions into Terra's Sta...
Robinhood Poised to List $LUNC Token, Fueling Speculation of Price Surge
Terra Classic (LUNC)

Robinhood Poised to List $LUNC Token, Fueling Speculation of Price Surge

In an intriguing turn of events, Robinhood, a well-known trading platform, is reportedly considering the addition of the $LUNC token to its list of supported cryptocurrencies. This announcement has sparked significant interest within the crypto community, with many speculating that such a move could lead to a substantial price increase for the $LUNC token. Read Also: Ferrari Makes Striking Move to Accept XRP Payments for Luxury Cars in the United States and Europe https://twitter.com/Lunc_Maxi/status/1713240346723852335 The news came to light through a tweet by a prominent crypto enthusiast known as "LUNC Maxi," who boldly proclaimed, "Robinhood will eventually list $LUNC soon, and it will green light us to $1 and above." The tweet set off a flurry of discussions and raised expect...
Terra Classic Community Considers Onboarding Six Samurai Team to Revive LUNC Chain and Astroport Classic DEX
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 Debates Innovative Strategy to Restore LUNC Value to $1
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 (LUNC): Exploring Factors for Potential Price Ascension Amidst Recovery Efforts
Terra Classic (LUNC)

Terra Classic (LUNC): Exploring Factors for Potential Price Ascension Amidst Recovery Efforts

The Terra Classic ecosystem, represented by the token LUNC, has faced significant challenges since the collapse of the original Terra (LUNA) ecosystem. Amid a bearish crypto landscape, LUNC has struggled to regain its footing, with unprecedented losses evident across various performance metrics, including total value locked (TVL) and other key indices. As the token's price hovers below the psychological $0.1 level, the prospect of a substantial recovery might seem improbable. Factors to be considered in driving LUNC prices upward Despite the formidable obstacles that the Terra Classic project has encountered, there are factors worth considering that could play a pivotal role in driving LUNC's price ascent to levels like $0.1. To facilitate this upward trajectory, the establishment of an ...
Terra Classic Community Passes Crucial Proposals to Address USTC Stability
Terra Classic (LUNC)

Terra Classic Community Passes Crucial Proposals to Address USTC Stability

In a significant stride towards stabilizing the TerraClassicUSD (USTC) stablecoin, the Terra Classic (LUNC) community has successfully passed two pivotal proposals. These initiatives are aimed at restoring equilibrium to the USTC stablecoin by addressing the extensive supply and facilitating a gradual re-pegging process. 1st Proposal The first proposal, known as "Proposal 11658," was submitted by a prominent LUNC community member named Vegas on July 30. This proposal advocated for the return of a substantial amount of USTC, totalling 800 million, to the Terra Classic community pool. The funds in question were originally allocated for the underwriting capacity of the Ozone Protocol back in March. However, due to deviations from the proposed development plan, these funds were not fully uti...
 Terra Luna Classic Community Debate On Burning Over 800 Million USTC Tokens. Would This Influence LUNC Price?
Terra Classic (LUNC)

 Terra Luna Classic Community Debate On Burning Over 800 Million USTC Tokens. Would This Influence LUNC Price?

The Terra Luna Classic community finds itself embroiled in a heated debate over the allocation of 800 million USTC tokens linked to the Ozone Protocol, raising concerns about the project's deviation from its proposed development plan. The contentious discussion has sparked opposing viewpoints among prominent community members, Vegas and Alex Forshaw, each proposing different courses of action for the tokens. Terra Classic Community Debates On 800 Million USTC Tokens In Ozone Protocol Vegas, a former member of the Ex-Terra Rebels developer group, has taken the initiative to bring this matter to the forefront. He strongly believes that the 800 million USTC tokens should be reabsorbed into the Terra Classic community pool due to the Ozone Protocol's perceived failure to adhere to the propos...