LUNC Staking Initiative Archives

Terra Luna Classic Gears Up for Major Chain Upgrade: Unanimously Approved Proposal Marks Milestone

16Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic Gears Up for Major Chain Upgrade: Unanimously Approved Proposal Marks Milestone

In a landmark decision hailed by the Terra Luna Classic community, the eagerly awaited software upgrade proposal, "Upgrade v2.4.2," has officially secured passage with resounding support from validators and stakeholders. With an overwhelming 100% "Yes" vote from LUNC holders and validators alike, the proposal signifies a pivotal moment in Terra Luna Classic's journey towards greater functionality and interoperability within the blockchain ecosystem. Read Also: Shibarium Explorer Gets Upgrade to Enhance Transparency Software upgrade proposal Scheduled to take effect at block height 17309000, the upgrade is slated to commence at 16:00 UTC on March 25, according to data provided by StakeBin, a leading authority in blockchain analytics. The proposal garnered widespread acclaim for its ...

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

25Jan

By OLAJIDE SAMUELNo Comments

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...

Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories

15Jan

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories

In the ever-churning waters of the cryptosphere, where fortunes fluctuate and futures hold secrets, Terra Classic (LUNC) remains a coin captivating attention. With both ChatGPT and Bard, two prominent AI models, offering glimpses into its potential price journey, LUNC holders and curious onlookers alike are buzzing with anticipation. Currently, LUNC trades at roughly $0.00012, holding the 97th spot in the crypto rankings. But will its trajectory ascend, stagnate, or plummet? Read Also: Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst ChatGPT's Vision ChatGPT paints three distinct scenarios, each with its price predictions: Conservative Trajectory: A slow and steady climb driven by LUNC's gradual adoption as a payment method and DeFi platform. Price ra...

Terra Classic (LUNC) Faces Volatility: Google’s Bard Provides Insights on Potential Future Scenarios

4Jan

By CryptolifedigitalNo Comments

Blockchain

Terra Classic (LUNC) Faces Volatility: Google’s Bard Provides Insights on Potential Future Scenarios

Terra Classic (LUNC) investors find themselves on a rollercoaster ride as the cryptocurrency experiences a turbulent period after a promising surge in late November and early December. The current market situation has left investors anxious, with LUNC trading at $0.0001165 at the time of reporting, reflecting a 16.62% decline in 24 hours, a 21.53% decline in one week, and a significant 51.04% decline in one month. Read Also: Binance's Continued Commitment: 5.5 Billion Terra Luna Classic (LUNC) Tokens Burned in Latest Move To gain insights into LUNC's potential trajectory by the end of January, we consulted Google's AI-powered chatbot, Bard, renowned for its predictive capabilities. Bard acknowledges the challenging nature of predicting LUNC's price, attributing it to recent declines ...

Binance’s Continued Commitment: 5.5 Billion Terra Luna Classic (LUNC) Tokens Burned in Latest Move”

4Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance’s Continued Commitment: 5.5 Billion Terra Luna Classic (LUNC) Tokens Burned in Latest Move”

In a strategic move to maintain equilibrium within the Terra ecosystem and enhance the value proposition of Terra-based tokens, Binance, the world's largest cryptocurrency exchange, has executed its 17th batch of Terra Luna Classic (LUNC) token burns. This latest burn involves a substantial 5.5 billion LUNC tokens, following a notable burn of 3.90 billion coins in December. The cumulative effect of these burns has now eliminated over 49 billion Terra Classic tokens derived from trading fees on LUNC spot and margin trading pairs. Read Also: Crypto Advisor Nerayoff Optimistic About XRP's Bull Market Potential https://twitter.com/mycoinecho/status/1742131457424781590 The introduction of a USTC perpetual contract and the establishment of new USTC and LUNC trading pairs by Binance and ...

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

2Jan

By CryptolifedigitalNo Comments

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 Proposes To incinerate A Total of 8 Million USTC With The View To revive Community Pool

29Dec

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Proposes To incinerate A Total of 8 Million USTC With The View To revive Community Pool

In a rollercoaster journey, the Terra Classic ecosystem's native tokens, LUNC and USTC, have recently faced both a crash and a subsequent rise, setting the stage for a contentious debate on the platform's future. At the centre of this debate is Proposal 11958, a controversial move calling for the incineration of 8 million USTC from the community pool to revive Terra Classic tokens, including LUNC and USTC. Supporters of the burn argue that shedding the excess 8 million USTC is crucial for achieving deflation and stability. They emphasize the substantial 3.49 billion LUNC already held in the community pool, deemed sufficient to cover operational costs. Proponents, led by vocal supporter VegasMorph, believe this action sends a powerful message about actively shaping the Terra Classic ecos...

LUNC’s Ambitious Road to $1: Terraport Finance Proposes a Supply Burn Strategy

28Dec

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

LUNC’s Ambitious Road to $1: Terraport Finance Proposes a Supply Burn Strategy

In a recent tweet, Terraport Finance has put forth a bold proposition for LUNC, emphasizing the need to burn at least 50% of the supply to achieve the coveted $1 goal. This announcement has stirred the cryptocurrency community, prompting a closer look at the mechanics and potential implications of such a strategy. In this article, we will delve into the details of the proposed supply burn and explore how it could pave the way for LUNC's journey to $1. Read Also: Cardano (ADA) Nears New Heights: Analyst Predicts $0.78 Following Recent Rally https://twitter.com/TerraValidators/status/1740265884789444675 Understanding Supply Burning Supply burning, a common practice in the cryptocurrency space, involves permanently removing a portion of a token's circulating supply. The primary goal i...

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

20Dec

By OLAJIDE SAMUELNo Comments

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...

Montenegro Appeals Court Decision Sparks Surge in Terra-backed Tokens as Do Kwon’s Extradition Revoked

19Dec

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Montenegro Appeals Court Decision Sparks Surge in Terra-backed Tokens as Do Kwon’s Extradition Revoked

In a surprising turn of events, the Montenegro Appeals Court has ruled in favour of Do Kwon, the ex-co-founder and ex-CEO of Terraform Labs, revoking his extradition for criminal trials in South Korea and the U.S. This legal development has significantly impacted the prices of Terra-backed tokens, including LUNA, LUNC, and USTC, sending them on an upward trajectory. Montenegro favors Do Kwon The Montenegro Appeals Court sided with Kwon's attorneys, citing significant violations of criminal procedure provisions in the High Court's initial decision. The court's decision to halt Kwon's extradition has fueled optimism in the Terra ecosystem, reflected in the notable price surges of Terra-backed tokens on Tuesday. Read Also: Terraport Finance Fuels Enthusiasm as $LUNC Aims for $1 Following...