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Tag: LUNc Burn

 Terra Luna Classic Community Debate On Burning Over 800 Million USTC Tokens. Would This Influence LUNC Price?
27Jul By Tolulope ZaccheausNo Comments
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...
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Binance Heeds LUNC Rebel’s Call for More Trading Pairs on LUNC
24Jul By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Binance Heeds LUNC Rebel’s Call for More Trading Pairs on LUNC

In a recent tweet by LUNC Rebel, a prominent supporter of the decentralized finance (DeFi) project Lunacia (LUNC), the call for Binance, one of the world's leading cryptocurrency exchanges, to add more trading pairs for $LUNC has gained significant attention. This appeal has sparked excitement among investors and the broader crypto community, as they eagerly anticipate the potential benefits of increased accessibility and liquidity for the promising DeFi token. Read Also: XRP Market Analyst CoinsKid Predicts Potential Retracement Before Year-End Surge to $6 https://twitter.com/LuncRebels/status/1683124661801082880 Lunacia is a groundbreaking DeFi project that aims to transform the financial landscape by providing various decentralized financial services on its blockchain platform....
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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...
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Terra Classic Community Makes Strides Towards USTC Revitalization, Forms Partnership with Binance
13Jul By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic Community Makes Strides Towards USTC Revitalization, Forms Partnership with Binance

The Terra Classic community is buzzing with renewed hope as efforts to revitalize the collapsed ecosystem algorithmic stablecoin, TerraClassicUSD (USTC), gain momentum. In a recent development, renowned community member Redline Drifter revealed that the Quant Team focused on USTC repegging has established a connection with Binance, the world's largest crypto exchange. USTC To $1 With The Help Of Binance A direct line of communication has been opened between Binance and the USTC Quant Team, marking a significant step forward in resolving Binance's concerns regarding the proposed divergence tax protocol. The community is pushing to achieve parity for USTC with $1, and this strategic communication channel aims to address any infrastructure issues and explore alternative applications of the ...
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Addressing the Key Priorities for LunaClassic: Trust Or APY. What Do You think Is the Issue?
29Jun By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Addressing the Key Priorities for LunaClassic: Trust Or APY. What Do You think Is the Issue?

The LunaClassic community has identified two significant challenges that require immediate attention: the loss of trust from the outside world and the need to prioritize APY (Annual Percentage Yield). In this article, we will delve into these concerns and explore potential solutions that can help revitalize the project. Loss of Trust: The community's primary concern revolves around the loss of trust in LunaClassic from external parties. While community initiatives have been commendable, many believe that the impact would be amplified if there was a maximum supply in place. Currently, the absence of a capped supply undermines the long-term viability and sustainability of the project. Read Also: Coach Bruce Wrangler Says He Would Only Come Back To LUNC Network Provided He Gets 90% Comm...
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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...
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LUNC Volume On-chain Increases Following The Reduction Of The Tax Burn Parameter: Detail
21Oct By CryptolifedigitalNo Comments
Cryptocurrency

LUNC Volume On-chain Increases Following The Reduction Of The Tax Burn Parameter: Detail

It seems the reduction of the tax burn parameter is working as expected as the LUNC trading volume spike as noted in a recent tweet shared by Classy crypto. Recall that the reason for the reduction of the tax burn parameter from 1.2% to 0.2% was that the former resulted in a decline in the trading volume. Read Also: Ripple Says SEC Has No Legal Proof To Qualify XRP As A Security LUNC Trading Volume Spikes By 2X https://twitter.com/ClassyCrypto_/status/1583168137209712640 Per Duncan Day, the author of the proposal; “Gentle reminder that we need to measure this 7-days post-tax to give a reasonable assumption that it has increased volume on-chain,” Day wrote. “Given that I found 7-days enough to determine burn tax efficacy, it is only fair to give the same objective viewpoin...
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Exchanges Like KuCoin, OKX And CrypoCom Follow Binance To Implement The Newly Passed LUNC Tax Burn Proposal
20Oct By CryptolifedigitalNo Comments
Crypto Exchanges

Exchanges Like KuCoin, OKX And CrypoCom Follow Binance To Implement The Newly Passed LUNC Tax Burn Proposal

Three cryptocurrency exchanges announced they would implement the New LUNC proposal to reduce the tax levied on LUNC and USTC on-chain transactions. Following Binance’s announcement of reducing the 1.2% parameter to 0.2%, exchanges have been showing support for the latest tax burn proposal of the LUNC token. Exchanges Support The Newly Passed LUNC Proposal Exchanges like the KuCoin, OKX, and Crypto.Com, followed the same path as Binance, the biggest cryptocurrency exchange. CryptoCom Agrees To Implement The Proposal 5234 In a newly shared tweet by crypto.com, it announces that it will reduce the tax burn parameter for Terra Classic token’s on-chain transactions, including deposits and withdrawals, from 1.2% to 0.2% while still maintaining the Tera classic token’s withdrawal...
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Binance Exchange Remains Committed To Its Promise To LUNC Network As It Burns Over 2.5 Billion LUNC Tokens
17Oct By CryptolifedigitalNo Comments
Crypto Exchanges, Cryptocurrency

Binance Exchange Remains Committed To Its Promise To LUNC Network As It Burns Over 2.5 Billion LUNC Tokens

As Binance is known for its strong supporting act, it has shown it again as it burns a whopping 2.5B Terra Classic (LUNC) tokens ($659K+) in its third batch of weekly off-chain burns. The low trading volume has not made the largest crypto exchange grow wearied as it has vouched to fulfilled its word towards the LUNC burn. Read Also: LUNC Community Waxes Stronger In Its Support For LUNC Project As An Anonymous User Support Terra Rebel With Over $19,000 Binance Third Weekly Burns Per the LunaBurnTracker, “Burn alert! 2,500,382,131 LUNC ($659,051) burned to Luna Burn Wallet,” the handle noted in a tweet Monday, as a link to the burn transaction was shared. https://twitter.com/LunaBurnTracker/status/1581994343229005826 The transaction record shows that the recent...
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Allnodes Burns Over 56 Million LUNC Tokens And Plans To Initiate Weekly LUNC Burns Till The End Of 2022
17Oct By CryptolifedigitalNo Comments
Cryptocurrency

Allnodes Burns Over 56 Million LUNC Tokens And Plans To Initiate Weekly LUNC Burns Till The End Of 2022

Per a Twitter handle, Allnodes is urging the LUNC community to stake via the platform, it also said that it had sent over 56 million LUNC tokens to dead wallets as it burns from its 5%  commission. Allnodes Now Burns LUNC Allnodes noted in its tweet; “56,706,118 LUNC were burnt earlier today by Allnodes,” the validator tweeted. “Delegate to Allnodes and participate in our weekly ritual until the end of 2022!” Read Also: Terra Classic Becomes 60th Largest By Total value Locked (TVL) Having 12.36 Million Last Month https://twitter.com/Allnodes/status/1581915953620979713 The proof for the Allnodes’ transaction can be seen for confirmation on the LUNCPenguins official website designed by HappyCattyCrypto with the description Allnodes burn.  Allnodes Becomes The 9th La...
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