LUNC News Archives - Page 11 of 17

Terra Classic Reveals Its Intention Of Getting Osmosis Involve In LUNC Burns. How Helpful Would This Be?

3Dec

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Reveals Its Intention Of Getting Osmosis Involve In LUNC Burns. How Helpful Would This Be?

Terra Classic is on the serious move to get more platforms incorporated into the Terra Classic (LUNC) burns as one of the members, Cosmo Capybara, recently published a signalling proposal on agora showing the intent of the community of Terra Classic's expectation for the support of the Osmosis for the current burning proposal in the Terra Classic network. @reXxTerraRebels, AKA reXx, brought the proposal to the community’s attention in a tweet yesterday. Read Also: Binance Exchange Aids The Terra Classic Recovery Of Its Over $1 Billion Market Capitalization, LUNC Spikes 10% https://twitter.com/reXxTerraRebels/status/1598499430277201923 Terra Classic To Incorporate Osmosis Into LUNC Burns If the proposal is successfully passed, it will beckon to the Cosmo Automated Market M...

Binance Exchange Aids The Terra Classic Recovery Of Its Over $1 Billion Market Capitalization, LUNC Spikes 10%

2Dec

By CryptolifedigitalNo Comments

Blockchain

Binance Exchange Aids The Terra Classic Recovery Of Its Over $1 Billion Market Capitalization, LUNC Spikes 10%

The recent development stated that Binance has aided Terra classic (LUNC) recovered $1 billion in terms of market capitalization 10 days after its went below the figure. Notably, the recent development was brought up by the recent surge of about 18% in the past week following the late Binance LUNC burn for November. The value of LUNC was seeing skyrocketing yesterday which drove in more market capitalization, making the total market cap hit above the one billion level as noted by the CoinMarketCap. It is worth noting that last month's LUNC market reaction revealed Binance’s commitment to supporting the LUNC community on the burning campaign. Read Also: Terra Classic (LUNC) Has All It Takes To Hit $1. What Do you Have To Say On This? Binance Aids LUNC Recovery Of Its Former $1...

Terra Classic (LUNC) Has All It Takes To Hit $1. What Do you Have To Say On This?

2Dec

By CryptolifedigitalNo Comments

Blockchain

Terra Classic (LUNC) Has All It Takes To Hit $1. What Do you Have To Say On This?

It is no doubt that the Terra Classic (LUNC) almost reach the climax of its development and has almost recovered from its downfall which happened in early May. The incident led to the loss of multi-million of funds from the investors and the situation made the community file a series of lawsuits against the executives of the Terraform labs. Terra Classic Community Works Continuously To Revive LUNC With the look of things, everyone is looking forward to having the Terra Classic set the lead for every other blockchain company as they already invading social media, breaking ground across the platforms. It is no doubt that the tremendous breakthrough of the LUNC token began following the May collapse mentioned earlier. The community was split into two in terms of the decision, one group...

Terra Classic Proposes To Add 50% Of All LUNC Burns To The Community Pool, It Is Currently Under Debate

1Dec

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Proposes To Add 50% Of All LUNC Burns To The Community Pool, It Is Currently Under Debate

In the quest to support the community of the Terra Classic which is currently underfunded as stated by the developers, @reXxTerraRebels, AKA reXx, brought the community’s attention to a new proposal that will allocate 50% of all LUNC burns to the community pool to fund development currently up for voting on the Terra Station. Following the unveiling of the above update, community influencer, Classy, brought it on his Twitter page which did not receive serious attention from reXx. https://twitter.com/reXxTerraRebels/status/1598007511927640064 Read Also: SunCrypto, An India's Leading Crypto Exchange, Lists Bone ShibaSwap (BONE). Proposal 10983 to add 50% Of LUNC Burns To the Community Pool It is worth noting that the current proposal is authored by the Cosmos Capybara, a Co...

Terra Classic Burns Over 40M LUNC, 25.8M In A Single Transaction

29Nov

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Classic Burns Over 40M LUNC, 25.8M In A Single Transaction

The rate of burning of LUNC has been encouraging over time, the recently revealed that Terra Classic witnessed a massive burn in 14 burns transactions which claimed 40,440,467 LUNC tokens, with a single wallet incinerating up to 25,827,385 tokens in one burn transaction in the past 24 hours. Terra Classic Burns Over 40.4M LUNC The 14 transactions were also indexed by the LUNC Penguins – an unofficial Terra-focused surveillance and data-tracking system developed by Happy Catty Crypto. The transactions, which amounted to 40.4M+ LUNC, were all carried out on Monday, with three massive single burns standing out. Read Also: Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets the report also revealed that one of the transactions happened on 28th November 28, 2022, which ...

Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets

29Nov

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets

In a recent tweet shared by the LUNC Station, it revealed that a total of 9.3M LUNC tokens were burned by two LUNC wallets, with independent validator LUNCDAO accounting for 4.9M burnt tokens as part of its periodic incineration exercise aimed at supporting the initiative for the revival of the once-neglected token. Additionally, the validator Luna Station 88 burnt 4.3M. Two LUNC Wallets Burns A Total Of 9.3M LUNC The late indexed transaction occurred barely 16 hours apart from the 27th and 28th of November with the first burn claiming a total of 4,454,817 LUNC tokens on November 27, 9:49 (UTC). Despite being without a memo, the transaction can be traced to the Terra validator Luna Station 88, as disclosed in a recent tweet. Read Also: Shiba Inu Community Burns 223.26M In A Week,...

TerraCasino Burns Over One Million LUNC At its First Burn

26Nov

By OLAJIDE SAMUELNo Comments

Cryptocurrency

TerraCasino Burns Over One Million LUNC At its First Burn

In a recent development shared via the official handle of the TerraCasino, said that it has just burnt a total of one million LUNC as a token of its contribution towards the 0.2% burn rate previously promised to the community. TerraCasino Burns Its First 1M LUNC Notably, the betting platform recently updated its commitment to the burning proposal designed by the developers behind the Terra Classic network. At the moment, Casino has incinerated a total of the first 1 million LUNC tokens burnt. The 1M burn attainment was reached after four days of continual incineration. The platform also touted an interesting upcoming event for the community. Read Also: XRP Is The Only Asset Among The Top 15 Cryptocurrencies That Turns Green With A Gain Of 8.59% Over The Past 24 Hours. What Do We ...

Terra Classic Developer Initiates The Voting For The Reopening Of IBC By December 5.

24Nov

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Developer Initiates The Voting For The Reopening Of IBC By December 5.

Before this time, Edward Kim released an update on his proposal to reopen the Inter Blockchain Communication before the Terra classic network upgrade, in his tweet today, he revealed has just initiated the voting of the proposal of reopening the IBC. As the previous post stated, the reopening will only be done provided the community of the LUNC supported the process as the reopening was slated previously slated to occur with the network upgrade that shall be happening by Q4, 2022. Terra Classic Has Started Voting For The Reopening Of IBC Edward noted; “Another proposal… Re-enable IBCs to Osmosis, Juno, and Crescent. Happy Thanksgiving!” Kim wrote, sharing the link for community members to vote. https://twitter.com/edk208/status/1595638311892258817 If the proposal passes, ...

Terra Classic (LUNC) Becomes The Winner Of Binance Community Showdown Contest With 36k Mentions, Bypassing Bitcoin

23Nov

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Terra Classic (LUNC) Becomes The Winner Of Binance Community Showdown Contest With 36k Mentions, Bypassing Bitcoin

The effort of the Terra Classic community has been so much remarkable as they throw a persistent weight behind the token, Binance recently announced the LUNC as the winner of its Community Showdown contest. It is noteworthy that Binance, the world's largest crypto exchange launched the Showdown contest to determine the cryptocurrency project with the most support on Twitter. The leading cryptocurrency exchange urged various cryptocurrency communities to participate in the contest by posting, commenting or retweeting the Binance hashtag alongside their favourite crypto ticker. Read Also: Raoul Pal, A Former Goldman Sachs Executive, Is Bullish On XRP, Saying It Will Experiences A Massive Bull Run After The Lawsuit The contest was allowed to run for a few weeks after Binance rel...

Anonymous Wallet Burns Over 35 Million LUNC, 127.5M Were Burnt Via 0.2% Tax Burn In 24 Hours,

22Nov

By CryptolifedigitalNo Comments

Cryptocurrency

Anonymous Wallet Burns Over 35 Million LUNC, 127.5M Were Burnt Via 0.2% Tax Burn In 24 Hours,

A recent tweet shared by LunaBurnTracker noted that a total of 35,789,630 (appr. 35.79M) LUNC were burned yesterday by an anonymous wallet. The detail of the reaction was also shared by the same Twitter handle as the burn was conducted. https://twitter.com/LunaBurnTracker/status/1594859468059287553 Anonymous Wallet Burns LUNC A massive one million LUNC has incinerated from LUNC's official burn wallet about 20 hours ago as revealed by LUNCBurnTrackers. Read Also: Terra Classic Core Developer, Edward Kim, Publishes A Proposal To Re-open IBC Channel Before The Next Network Upgrade https://twitter.com/LunaBurnTracker/status/1594652074972774402 Not long after this, another burn was initiated, sending a whopping 6,584,563 (6.58M) Terra Classic tokens ($1,024) to the...