LUNC News Archives - Page 14 of 17

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...

Binance Implements Proposal 5234 As It Reduces 1.2% Parameter To 0.2%.

19Oct

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Binance Implements Proposal 5234 As It Reduces 1.2% Parameter To 0.2%.

Following the recent announcement of Proposal 5234 passed by the Terra classic community which states that the LUNC 1.2% tax burn should be reduced to 0.2%, the largest crypto exchange, Binance, has been fostered by it as it implements the changes for LUNC and USTC on-chain transactions. Binance Implements Tax Burn Proposal 5234 The new proposal came as a result of the drastic decline in the USTC and LUNC volume gotten since the inception of the LUNC 1.2% tax burn. Read Also: CertiK Once Again Rates Shiba Inu As The Second Most Secured Crypto Project https://twitter.com/binance/status/1582625797231497217? Furthermore, it is believed by the Terra classic community that the implementation of the LUNC 1.2% tax burn has driven a lot of investors and trading platforms away. ...

Terra Classic Community To Implement Proposal 5234 That Will Reduce The Tax Burn From 1.2% To 0.2%

18Oct

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Classic Community To Implement Proposal 5234 That Will Reduce The Tax Burn From 1.2% To 0.2%

After seeing the effect of the LUNC 1.2% tax proposal on the on-chain volume, the LUNC proponents brought up the idea of proposal 5234. It is worth noting that the Terra Classic community passed proposal 5234 on Monday after a week of voting and debates. The new development was shared by the proposer, a community member known as Akujiro. Read Also: Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem https://twitter.com/Akujiro2/status/1582061912371892224 Also, the Terra classic developer, Alex ForShaw, gives the detail of the community debate, saying that the proposal attracted about 83% community participation, even without 58 of the network’s 85 validators. Notably, about 92% of non-abstainers voted for the proposal. https://twitter.com/...

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

18Oct

By CryptolifedigitalNo Comments

Blockchain

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

It seems that Terraform Labs is interested in the ongoing revitalization project of the LUNC token, the team recently launched a proposal named Terra Expedition an ecosystem expansion program, which was created in a bid to strengthen and expand the Terra ecosystem through several initiatives. Terraform Labs Launches Terra Expedition This new development was unveiled on the Terra Agora. It is worth noting that this program is expected to run for four years, and will focus on incentivizing developers to build decentralized applications (dApps) on the Terra Classic network, deepening liquidity, and onboarding new users to the Terra ecosystem. Read Also: The First Stage Of EVM-Compatible XRP Ledger Goes Live According to the team; “The Terra Expedition is a revised iteratio...

LUNC Community Waxes Stronger In Its Support For LUNC Project As An Anonymous User Support Terra Rebel With Over $19,000

17Oct

By CryptolifedigitalNo Comments

Cryptocurrency

LUNC Community Waxes Stronger In Its Support For LUNC Project As An Anonymous User Support Terra Rebel With Over $19,000

There have been a series of donations toward the building of the LUNC network, an anonymous user showed up to support the project, LUNC revitalization with a sum of $19,520 when summing with her former donation. Behind the LUNC revitalization, Terra Rebel could not be silent on the anonymous donor but rather broke the silence as it announced the financial support and tagged it as an extreme act of generosity. Terra Rebel noted that; “There was an extremely generous donation made towards TerrRebels OpenCollective. Whoever this is, please DM us so we can formally thank you for your generosity and contribution to help us continue to serve the LUNC community,” https://twitter.com/TerraRebels/status/1581815097311141888 The Anonymous User Takes The Lead It is worth noting that ...

FatMan Comment On The LUNC Tax Burn Proposal Prompts Terra Rebel’s Responses

15Oct

By CryptolifedigitalNo Comments

Cryptocurrency

FatMan Comment On The LUNC Tax Burn Proposal Prompts Terra Rebel’s Responses

While the whole community is happy with the idea of the LUNC proposal, the famous Terra whistleblower FatMan commented via a tweet saying that reducing the tax burn parameter to 0.2% and allocating 10% of the tax to the community pool for development is authoritarian. FatMan Comment On The Tax Burn Proposal FatMan tweeted; “Giving 10% of the tax to yourself is an even worse idea than the burning tax,” tweets FatMan. “Devs deserve to be paid – either through donations or via formal community pool spend proposals – but automatically redirecting 10% of every burn to “contributors” is authoritarian & wrong.” Read Also: Ripple Ads Appearing On The World Trade Prompts Digital Perspectives To Say Ripple Has No Lose In The Ongoing Lawsuit https://twitter.com/FatManTerra/status/15...

Terra Classic Becomes 60th Largest By Total value Locked (TVL) Having 12.36 Million Last Month

15Oct

By CryptolifedigitalNo Comments

Blockchain, Cryptocurrency

Terra Classic Becomes 60th Largest By Total value Locked (TVL) Having 12.36 Million Last Month

The effort of the Terra Classic has begun to surface as the LUNC tokens now rose to occupy the 60th position as n noted by the Cosmo Daily and on the same premise the data revealed its total value locked (TVL) to be at the level of 12.36 million. It is surprising to see the community-called wounded LUNC token suddenly become popular in the crypto industry. It is worth noting that the community has been on the move to get their token back on track following the May Terra collapse. Read Also: Shiba Inu Whales Scoop A Whopping 256.98 Billion SHIB Worth $2.72 Million As Shiba Inu's Price Recover https://twitter.com/CosmosATOMDaily/status/1581196859561115650 Terra Classic Is Ranked 60th Largest In Terms Of TVL The new development was shared on Cosmos Daily’s Twitter handle say...

Terra Classic Installs Cosmo Security Chain Patch For Maximum Security Of The LUNC Network

14Oct

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Installs Cosmo Security Chain Patch For Maximum Security Of The LUNC Network

In a recent tweet, the team behind the LUNC chain has taken to Twitter, commending the effort of the developers and validators who have put it upon themselves to monitor the activities on the LUNC network via the installation of the Cosmo chain patch Terra Rebel Applauds The Developers And Validators “We have an amazing team of Developers and Validators who continue to watch over the lunch blockchain. Security in crypto is our top priority. Without protecting the LUNC users and the Terraclassic community, we are nothing. Thank you for all of the hard work everyone contributes”. Terra Rebel tweeted. Read Also: Do Kwon Now Set To Talk On Why He Refuses To Return To South Korea As Laura Interviews Him On Friday https://twitter.com/TerraRebels/status/1580771510381608960 Cosmo...

Binance Adds Terra UST Classic (USTC) In The List Of Borrowable Assets On Binance Crypto Loan

13Oct

By CryptolifedigitalNo Comments

Cryptocurrency

Binance Adds Terra UST Classic (USTC) In The List Of Borrowable Assets On Binance Crypto Loan

Binance moves beyond burning the LUNC, it expands its support more by adding Terra UST Classic (USTC) as a borrowable asset on Binance Crypto Loans. The new development was shared on Binance’s official website earlier today saying USTC would be included in the list of cryptocurrencies its users can borrow to engage in spot and margin trading. Per Binance’s announcement; “Binance has added USTC as a new borrowable asset on the Binance Loans platform,” Read Also: Elon Musk's Boring Company Now Accepts Dogecoin For The Payment Of Its Perfum Terra Classic UST (USTC) Joins The List Of Borrowable Asset On Binance It is worth noting that Binance is currently supporting a very wide of cryptocurrencies across the globe, adding them to its borrowable asset on the platform. So...

LUNC Burn Rate Hits 176,084% As Total LUNC Burn Hits Over 18 Billion.

11Oct

By CryptolifedigitalNo Comments

Cryptocurrency

LUNC Burn Rate Hits 176,084% As Total LUNC Burn Hits Over 18 Billion.

In a recent tweet shared by the LUNC Burn, an official Twitter handle that monitors the ongoing burning of the LUNC tokens noted that a total of 18.12 billion and another tracker also noted that LUNC Burn Rate hits 176,084%. The Binance’s burn is in no doubt increasing the number of LUNC token that has been set on fire concerning the ongoing LUNC tax burn proposal. Read Also: SEC Has Two Days To Request For Reconsideration Over William Hinman's Document Says Ripple Enthusiast https://twitter.com/LunaBurn_13/status/1579636809575071744 LUNC Burn Rate Hits 176084% Point Following Binance’s second round of LUNC trading burns, LUNC burn Tracker noted that the burn increased by 176,084% from the previous day. https://twitter.com/LunaBurnTracker/status/1579639175980240899 ...