LUNC News Archives - Cryptolifedigital

Edward Kim Gives Some Highlights Pertains The Allnodes’ Operations. Check It Out

26Jan

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Blockchain

Edward Kim Gives Some Highlights Pertains The Allnodes’ Operations. Check It Out

Terra Classic’s core developer, Kim Ed, noted in a recent tweet discussing some matters concerning the Allnodes’ operations as a validator on the blockchain. He noted backing the Notional Labs developer Jacob Gadikian, saying that he was right to have expressed concern about the operations of the validator. According to Kim, all community members should operate their validator nodes in the ideal situation. The core developer, who doubles as the director of the Terra Grants Foundation, said this while sharing materials that could help users start running a node. Read Also: Attorney John Deaton To Attend An Upcoming Important Hearing For All Crypto. See What It Entails https://twitter.com/edk208/status/1618314591037165568 Contention Points On The Allnodes' Operations In add...

Edward Kim Suggests A Proposal To Reimburse The Affected Addresses As A Result Of 1.2% Tax Fee Implementation

23Jan

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Blockchain

Edward Kim Suggests A Proposal To Reimburse The Affected Addresses As A Result Of 1.2% Tax Fee Implementation

In the recent development, one of the core developers behind the Terra Classic, Kim, proposes that the community reimburses the victim's addresses of the incident of the challenges suffered by the network following the developers implementing the 1.2% tax fee. Terra Classic core developer Edward Kim has introduced a proposal to reimburse users who lost fees due to errors resulting from the 1.2% tax burn parameter implementation. Kim disclosed the proposal in the recently released tweet which explained that the users from September 21 to 28 got taxed despite their transactions failing to go through due to problems encountered with the tax parameter change. Read Also: A Prominent Member Of TerraCVita Reveals Another Way Of Getting LUNC Up By 100X. See How https://twitter.com/ed...

A Prominent Member Of TerraCVita Reveals Another Way Of Getting LUNC Up By 100X. See How

21Jan

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Blockchain

A Prominent Member Of TerraCVita Reveals Another Way Of Getting LUNC Up By 100X. See How

In a recent development, a renowned member of the LUNC community has pointed out the sure mean to get the LUNC to 100X its price other than the general belief of the community which solely believes in the LUNC burn to get the price up. Increased LUNC Staked Will Spike The LUNC Up By 100X Rex recently disclosed these measures through his Twitter handle. Still, he shifted focus away from token burns which the broader LUNC community has often touted as one of the most critical campaigns in the journey to rejuvenate the asset. Read Also: Ripple's Chief, Brad, Says Over Half Of The Transaction Volume In its Payment Rails Now Goes Through XRP https://twitter.com/RexYellerBelly/status/1615853362569793536 Rex's Analysis He mentioned that the first measure to get the token to ...

Neblio To Build A LUNC Staking Functionality Via Mobile Wallet.

19Jan

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Blockchain

Neblio To Build A LUNC Staking Functionality Via Mobile Wallet.

Terra Rebel announced an update via its handle, saying that Neblio, a leading enterprise blockchain solutions firm, will launch a new mobile wallet with a built-in Terra Classic (LUNC) staking functionality. The wallet will also feature a cross-chain staking mechanism between LUNC and NEBL, Neblio’s native token. Neblio To Launch A Mobile Wallet For LUNC Staking Functionality Rebel tweeted; “We have something great to share with you! The Neblio team has been preparing some exciting news for you guys. Their team is developing a new mobile wallet for Neblio with a staking option,” Read Also: Shiba Inu Spikes Over 20% Following The Upbit Listing https://twitter.com/TerraRebels/status/1615766946427056128 Furthermore, the group said that the forthcoming mobile wallet would ...

LUNC Burn Rate Spikes 2,107% As Over 5M LUNC Is Burned

18Jan

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Cryptocurrency

LUNC Burn Rate Spikes 2,107% As Over 5M LUNC Is Burned

The LUNC burn rate has been up following the massive burns conducted on Tuesday. The report shared yesterday revealed that the staggering 5,096,362 (over 5M) tokens were incinerated on Tuesday, marking a 2,107% increase in total burns from the previous day's amount. The biggest single burn observed came from the independent Terra Classic validator LUNC DAO. As stated by the Terra Finder, the transaction took place on the 17th of January 17, 2023, at exactly 7:03 (UTC). Terra Finder Read Also: Shiba Inu's Partner, Bugatti Group, Announces A Major Giveaway In Conjunction With Shiba Inu Team LUNC DAO Takes The Lead In The LUNC Burn, As Over 5M Is Burned At the moment, there is virtually no statement from the LUNC DAO as regards the burning, although the memo which reads LUNC-D...

TerraCVita’s Project, Terraport Promises To Burn LUNC. See How

17Jan

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Blockchain

TerraCVita’s Project, Terraport Promises To Burn LUNC. See How

Following the fundraising done by the TerraCVita, an independent development group at the Terra Classic, a white paper for its decentralized finance project dubbed Terraport was released yesterday. According to the write-up, the project includes a decentralized exchange that will allow users to trade assets on-chain and cross but also have a launchpad which allows users to fund projects and a lottery game for entertainment. https://twitter.com/TerracVita/status/1615116469607731201 Read Also: Shiba Inu's Shytoshi Hints At The Shibarium's Survival Capacities. Check It Out Terraport To Burn LUNC Like yesterday’s post, a prominent member of TerraCVita responded to the development by promoting it as usual, saying that it will significantly contribute to LUNC burns. The white p...

TerraCVita Raises Additional $2 Million In Support Of Its Proposed Decentralized Finance Project.

16Jan

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Blockchain

TerraCVita Raises Additional $2 Million In Support Of Its Proposed Decentralized Finance Project.

The Terra Classic independent development group, TerraCVita, revealed in the early tweet today that it has raised an additional $2 million for its proposed decentralized finance project Terraport, which includes the much-awaited DEX. According to the group was raised from private sales to TerraCVita and LUNC Community Italia delegators. The group also noted that the discounted private sale of the proposed decentralized exchange token “TERRA” was reserved for TerraCVita delegators alone. Read Also: Shiba Inu's Price Spikes As The Shibarium Launch Edges Close, Investors Are Bullish On the Asset https://twitter.com/TerracVita/status/1614794430141337601 According to the analysis, the recent announcement marks the end of the sale and the TerraCVita validator has 1,728 unique dele...

Community React To The Idea Of Terra Classic Network’s Merge With New Terra Chain. Here’s How

14Jan

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Blockchain

Community React To The Idea Of Terra Classic Network’s Merge With New Terra Chain. Here’s How

One of the Terraform Labs staff made this known in a yesterday tweet that the Terra Classic network can not merge with the new Terra chain on a protocol level. Per the Terraform Labs staff, both are independent blockchains, and developers can not change that. However, he points out that if the community wants cooperation between developers of the separate blockchains, that is already happening. “… it’s really about what you mean by ‘merge’,” Jared wrote. “They are sovereign chains. You can’t change that factor.” “If you mean you would like developers to work together, that is happening. That is feasible.” Read Also: Terra Classic (LUNC) Regains Its $1 Billion Market Capitalization, Having a Spike of 13% https://twitter.com/Jared_TFL/status/1613969741923876865 It i...

Terra Classic (LUNC) Regains Its $1 Billion Market Capitalization, Having a Spike of 13%

14Jan

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Classic (LUNC) Regains Its $1 Billion Market Capitalization, Having a Spike of 13%

The recent update revealed that the Terra Classic (LUNC) has regained its $1 billion market capitalization as it capitalized on the recent spike. The asset has a price surge of $0.0001924 within 8 hours, representing a 13%. It is worth noting that the recent surge in price experienced by the asset was seen in the last mid-November. The recent LUNC campaign is not unexpected, as the markets have experienced a resurgence of investors’ interest that has triggered price surges to levels last observed before the FTX collapse. Despite the broader rally, LUNC has risen at a higher rate than most assets. With a 14.14% increase in the past 24 hours, the asset is the sixth-highest gainer among the top 40 tokens. Read Also: Users Can Now Track Shiba Inu Easily As Twitter Launches A Price Graph...

LUNC Community Halts The Re-minting Of Terra Classic (LUNC). Would This Enhance The LUNC Network?

12Jan

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Blockchain

LUNC Community Halts The Re-minting Of Terra Classic (LUNC). Would This Enhance The LUNC Network?

In a recent tweet shared by the Crypto Influencer Classy, saying that the re-minting in the Terra classic (LUNC) network has been put to a stop. Recall that the Binance exchange has to suspend its LUNC burn process till march 1, saying that it doesn’t like its burn amount to be reminded. https://twitter.com/ClassyCrypto_/status/1613258365425315840 Terra Classic Proposes A Halt To LUNC Re-minting Given this, Proposal 11242 was passed to stop the reminting and over time, the proposal attracted over 66% of the network’s voting power, with 95.98% voting in favour. Consequently, the network will no longer re-mint 10% of all LUNC burns at the end of each epoch. Read Also: Shiba Inu Unveils Partnership With Bugatti Group With A lot of Details Another proposal which stands as the...