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Tag: LUNC News

Terra Luna Classic: Security Upgrades and Burning Offset by Price Slump
Terra Classic (LUNC)

Terra Luna Classic: Security Upgrades and Burning Offset by Price Slump

Terra Luna Classic (LUNC) is undergoing a series of security upgrades overseen by its developer, Genuine Labs. While the community applauds these efforts, LUNC's price continues to disappoint. Security First: Genuine Labs Takes Action Genuine Labs' bi-weekly report highlights its focus on enhancing Terra Classic's security. The plan includes: Core Repository Upgrade: Ensuring compatibility with updated dependencies, is a crucial step for a healthy blockchain. Rigorous Testing: Extensive E2E and interchain tests guarantee seamless operation on the upgraded chain. Real-World Simulation: Launching a testnet mirroring the mainnet's data ensures a smooth transition. Bug Eradication: A critical bug identified by Genuine Labs, potentially halting the blockchain, has been eradi...
Luna Classic Bites Back: Chapter 11 is NOT the Obituary, It’s the Rebirth Anthem!
Terra Classic (LUNC)

Luna Classic Bites Back: Chapter 11 is NOT the Obituary, It’s the Rebirth Anthem!

Hold your horses, panic sellers! While Terra Classic took a dramatic nosedive into Chapter 11, LUNA Classic (LUNC) is roaring back to life like a phoenix rising from the ashes of FUD. Forget doomsday dirges, this is a Phoenix party, and you're invited! First things first, LUNC is a completely separate entity from LUNC. Thinking they're twins doomed to the same fate is like confusing a phoenix with a pigeon – one soars, the other...well, you get the picture. Read Also: Shiba Inu: Weathering the Storm, but Can it Reach for the Stars? https://twitter.com/MrDiamondhandz1/status/1749467123754082572 Now, let's dissect this Chapter 11 beast. It's not a grim reaper, it's a reorganization ritual, a chance for Luna Classic to shed its old skin and emerge stronger, swifter, and ready to c...
Terra Classic (LUNC) Amidst Bitcoin Halving: Google Bard’s Insights Illuminate Potential Price Trajectories
Terra Classic (LUNC)

Terra Classic (LUNC) Amidst Bitcoin Halving: Google Bard’s Insights Illuminate Potential Price Trajectories

In the lead-up to the Bitcoin halving, the cryptocurrency market is abuzz with speculation, particularly regarding the potential BTC price surge to an impressive $200,000 post-halving. This has led many to ponder the ripple effect on altcoins such as Terra Classic (LUNC), prompting a unique perspective from Google Bard on LUNC's potential trajectory based on various scenarios. Read Also: The Crypto Community's Symphony of Anticipation: Gensler's Warnings and the Impending Bitcoin ETF Decision Google Bard's Insights for Terra Classic (LUNC) Google Bard acknowledges the challenges in precisely predicting LUNC's future price, considering factors such as historical correlation with Bitcoin, LUNC's supply dynamics, and the unpredictable nature of the crypto market. Bard recently provided i...
Navigating the Decision: Holding or Selling LUNC at $0.1 in 2024
Terra Classic (LUNC)

Navigating the Decision: Holding or Selling LUNC at $0.1 in 2024

The cryptocurrency landscape is a realm of excitement, potential, and uncertainty. Amid this dynamic environment, investors often find themselves grappling with the crucial decision of whether to hold or sell their digital assets. The current question on the table sparks anticipation: Are you going to hold your LUNC if it goes to $0.1 in 2024? This inquiry opens the door to a broader discussion on strategic decision-making in the crypto space. Understanding the Cryptocurrency Rollercoaster Cryptocurrencies, characterized by their volatile nature, can experience significant price fluctuations influenced by various factors. Predicting precise price movements becomes a challenging endeavour, and the decision-making process involves navigating through a sea of uncertainties. Read Also: So...
Terra Classic (LUNC) Emerges Victorious as Community Revives LUNC and USTC, Outperforming Terra (LUNA)
Terra Classic (LUNC)

Terra Classic (LUNC) Emerges Victorious as Community Revives LUNC and USTC, Outperforming Terra (LUNA)

In a surprising turn of events, the Terra Classic (LUNC) community has managed to breathe new life into the abandoned LUNC and USTC chains, surpassing the performance of the original Terra (LUNA). After Do Kwon departed from LUNC and USTC, the Terra Classic community, comprising dedicated validators and developers, spearheaded efforts to revive the struggling chains and repeg USTC. Read Also: Terraform Labs Faces SEC Setback as Judge Rules Luna and MIR Tokens as Securities Impressive Performance of Terra Classic Tokens: LUNC and USTC Over the past two months, Terra Classic ecosystem tokens LUNC and USTC have exhibited remarkable growth, leaving Terra (LUNA) trailing behind. LUNC prices soared by an impressive 300%, reaching a peak of $0.000275, supported by substantial trading volumes...
Terra Classic Proposes Bold Move with 1% On-Chain Tax Rate for LUNC, Focused on Exchange Partnerships
Terra Classic (LUNC)

Terra Classic Proposes Bold Move with 1% On-Chain Tax Rate for LUNC, Focused on Exchange Partnerships

In a groundbreaking proposal by @LUNCBurnProgram, the Terra Classic community is buzzing with excitement as the proposal seeks community approval to set the on-chain tax rate to a bold 1%. This move aligns with economists' recommendations, including James Tobin, positioning it at the upper limit of the proposed 0.1% to 1% currency tax range. Read Also: Shiba Inu Lead Developer Aims for Drastic 99.9% Token Burn, Community Reacts Positively https://twitter.com/terra_army/status/1738934833890410828 The Implication of the Proposed Tax Rate The proposed tax rate, if approved, will maintain the 80/20 split, directing 0.8% towards the burn wallet and 0.2% towards funding the chain. The primary reasoning behind this substantial change stems from the recent success of the Global LUNC Burn P...
Terra Classic Community Navigates Controversy in Quest to Burn 800 Million USTC
Terra Classic (LUNC)

Terra Classic Community Navigates Controversy in Quest to Burn 800 Million USTC

In a dramatic turn of events, the Terra Classic community remains resolute in its pursuit to burn 800 million USTC from the Risk Harbor multisig wallet. After a setback with a previous proposal, a new contender, "Burn of 800m USTC Funds" (Proposal 11927), has entered the governance voting arena, aiming to address concerns over potential legal ramifications. https://twitter.com/Lunanauts_Lunc/status/1737440829839438203 The Saga Unfolds The saga began with Proposal 11913, intending to burn the disputed USTC through a Terrad client update. However, validator Lunanauts raised legal concerns, leading to the demise of the proposal. Undeterred, the community devised a Plan B - the current Proposal 11927. This proposal suggests employing a custom contract to transfer the 800 million USTC from...
CZ of Binance Expresses Concerns Over 1.2% Burn Tax for LUNC, Advocates for 1.5% Tax to Sustain Interest
Terra Classic (LUNC)

CZ of Binance Expresses Concerns Over 1.2% Burn Tax for LUNC, Advocates for 1.5% Tax to Sustain Interest

Changpeng Zhao (CZ), the CEO of Binance, has taken to Twitter to share his thoughts on the potential impact of a burning tax on LUNC (Terra Classic). CZ expressed scepticism about the effectiveness of a 1.2% burn tax, suggesting that whales might lose interest. Instead, he proposed a 1.5% burn tax as a more viable option to sustain interest and incentivize active participation in the LUNC ecosystem. Read Also: NEAR Protocol (NEAR) Surges 20% Amidst Crypto Market Rally, Eyes Potential Return to August 2022 Levels https://twitter.com/terra_army/status/1737490993396469819 LUNC, the native token of the Terra Classic blockchain, has been considering the implementation of a burning tax to manage tokenomics and incentivize long-term holders. The burn tax is a mechanism where a percentage...
Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns
Terra Classic (LUNC)

Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns

The Terra Classic (LUNC) community faces a pivotal moment as it rejects a proposal to burn 800 million USTC due to concerns over technical complexities and potential legal implications. The decision reflects the community's commitment to finding alternative solutions for reducing the circulating supply while navigating challenges. Read Also: INDODAX Celebrates Milestone with Addition of BoneShibaSwap (BONE) to Crypto Marketplace Rejected Proposal and Community Sentiment In a crucial vote, the Terra Classic community turned down Proposal 11913, titled "RH MultiSig Wallet – Burn 800m via Update to Terrad Client." The proposal aimed to burn dormant USTC held within the Risk Harbor multisig wallet. However, it received only 14.24% "Yes" votes, with a significant 50.02% "Abstain" vote, and...
Terra (LUNA) Surges into Top 100 Cryptos and Pullix (PLX) Presale Gains Momentum: A Comprehensive Overview”
Terra Classic (LUNC)

Terra (LUNA) Surges into Top 100 Cryptos and Pullix (PLX) Presale Gains Momentum: A Comprehensive Overview”

In a month marked by fresh gains, Terra (LUNA) is making waves as it climbs into the top 100 cryptocurrencies, showcasing a 36% increase in value. While the past year saw a 39% dip, the recent surge is attributed to the community's commitment to rebuilding the ecosystem, backed by passed measures and proposals aimed at enhancing blockchain stability and growth. Simultaneously, the crypto community is closely monitoring the exceptional performance of Pullix (PLX) in its presale phase, having swiftly surpassed stage 1 with remarkable results. The TradFi platform is poised to experience a staggering 580% gain post-launch, making it a standout choice in the altcoin market. Read Also: Montenegro Appeals Court Decision Sparks Surge in Terra-backed Tokens as Do Kwon's Extradition Revoked T...