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Tag: LUNC Staking

Terra Luna Classic Gears Up for Major Chain Upgrade: Unanimously Approved Proposal Marks Milestone
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 ...
Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign
Terra Classic (LUNC)

Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign

In a remarkable display of community coordination and commitment, the Terra Luna Classic (LUNC) burn campaign has achieved a monumental milestone, surpassing 95 billion LUNC tokens burned. This collective effort involves crypto exchanges, validators, projects, and dedicated community members who have driven the campaign forward. The campaign's success is underscored by the weekly average burn rate of 600 million LUNC tokens, marking a substantial increase since November. Leading the charge in this endeavour is Binance, which has contributed over 51% to the total LUNC burn through its monthly burn mechanism. In its latest move, Binance incinerated a staggering 5.57 billion LUNC tokens in the 17th batch of its burn mechanism, bringing its total contributions to nearly 50 billion LUNC toke...
Terra (LUNA) and Ark Protocol Collaborate to Introduce Interchain NFTs to Cosmos Ecosystem
Terra Classic (LUNC)

Terra (LUNA) and Ark Protocol Collaborate to Introduce Interchain NFTs to Cosmos Ecosystem

Terrahttps://cryptolifedigital.com/2023/09/23/lunc-leads-crypto-market-surge-with-7-89-gain-in-24-hours-while-terra-classic-seeks-binances-support/ Terra, a prominent blockchain network, has recently unveiled a groundbreaking development in its non-fungible token (NFT) projects through a strategic collaboration with Ark Protocol. The partnership is set to bring interchain NFTs to the Cosmos ecosystem, signalling a significant expansion in the reach and versatility of NFTs created on the Terra network. Read Also: Shiba Inu's Journey: Navigating the Cryptocurrency Landscape Towards 2030 Chris Amani, the CEO of Terra, underscored the importance of this advancement, emphasizing that Terra's NFT projects would now enjoy the unprecedented opportunity to showcase their collections across...
Binance’s Continued Commitment: 5.5 Billion Terra Luna Classic (LUNC) Tokens Burned in Latest Move”
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 ...
Terra Classic Proposes To incinerate A Total of 8 Million USTC With The View To revive Community Pool
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
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...
Unwrapping the Future: What Could Christmas Hold for LUNC’s Price Surge?
Terra Classic (LUNC)

Unwrapping the Future: What Could Christmas Hold for LUNC’s Price Surge?

As the holiday season approaches, crypto enthusiasts find themselves immersed in the excitement of the potential Christmas rally, especially within the dynamic LUNC network. The LunarCoin token celebrated for its decentralized ecosystem and recent positive developments, has ignited curiosity within the community. The burning question now is, what festive surprises could Christmas have in store for the price of LUNC? Read Also: Terra Classic (LUNC) at the Crossroads: Tax2Gas Emerges as a Beacon of Hope https://twitter.com/Chot4a/status/1738584645359239208 The LUNC Ecosystem's Crescendo LUNC, a beacon of community-driven DeFi principles, has been making waves with its expanding ecosystem. Collaborations, integrations, and community initiatives have propelled the token into the spotli...
Terra Classic (LUNC) at the Crossroads: Tax2Gas Emerges as a Beacon of Hope
Terra Classic (LUNC)

Terra Classic (LUNC) at the Crossroads: Tax2Gas Emerges as a Beacon of Hope

In the ever-evolving landscape of the crypto world, Terra Classic (LUNC) has endured its share of trials and tribulations. Having risen from the ashes following a crash in May, the token now stands at a critical crossroads, with the community contemplating the path to reclaiming its former glory. Governance proposals have provided a semblance of stability, but the burning question remains: can LUNC and its stablecoin USTC chart a course towards a full recovery? Read Also: Bitcoin Veteran Signals Shift: XRP's Potential Surge Draws Attention https://twitter.com/Perry8k/status/1736697879001981299 Tax2Gas: A Bold Proposition for Renaissance Enter Tax2Gas, a bold and innovative proposition that has emerged as a potential catalyst for Terra Classic's renaissance. To streamline the burn p...
Shuttle Unveils Ambitious Plans to Propel Terra Classic to New Heights
Terra Classic (LUNC)

Shuttle Unveils Ambitious Plans to Propel Terra Classic to New Heights

In a groundbreaking announcement today, the Shuttle project has revealed a comprehensive strategy aimed at catapulting the relevance of Terra Classic to unprecedented levels. The ambitious plans outline a series of innovative measures that promise to reshape the landscape of decentralized finance. https://twitter.com/lupin_crypto/status/1734274234250059860 What Shutte has to offer Terra Classic 5% Transaction Fee on Buy and Sell: Effective immediately, a 5% transaction fee will be implemented on both buy and sell orders within the Terra Classic ecosystem. This move is designed to incentivize users to actively engage in transactions, fostering liquidity and overall growth within the platform. 3.5% Allocated to the Shuttle Fund: Of the total transaction fees, a significant port...
LUNC and USTC: Unveiling the Potential for the Greatest Revival in Crypto
Terra Classic (LUNC)

LUNC and USTC: Unveiling the Potential for the Greatest Revival in Crypto

In the dynamic world of cryptocurrency, Terraport Finance has recently tweeted a bold proclamation, suggesting that LUNC and USTC are poised to become the greatest revival story in the crypto space. As the crypto community eagerly awaits the unfolding narrative, it's essential to delve into the details of these tokens and explore the factors driving such optimism. Read Also: Shiba Inu (SHIB) Witnesses Bullish Surge as Shibarium-Powered Burns Accelerate https://twitter.com/TerraEcosystem/status/1733531565219533039 The Potentials in USTC and LUNC Revealed LUNC, short for LunarCoin, and USTC, referring to TerraUSD, are two distinctive cryptocurrencies that have gained attention for their unique features and promising attributes. Let's first examine LUNC, touted as a lunar-inspired dig...